Subsequent Events

3 Months Ended

Mar. 31, 2023

Subsequent Events

Subsequent Events

12. Subsequent Events

Subsequent to March 31, 2023 the following events occurred:

Real Estate Dispositions: We sold a 70-unit assisted living community in Florida for $4,850,000. The community had a gross book value of $7,163,000 and a net book value of $4,075,000 after $1,656,000 of impairment losses at March 31, 2023.

Debt: We repaid $6,000,000 under our revolving line of credit. Accordingly, we have $264,100,000 outstanding and $135,900,000 available for borrowing under our revolving line of credit.

Equity: We declared a monthly cash dividend of $0.19 per share on our common stock for the months of April, May and June 2023, payable on April 28, May 31, and June 30, 2023, respectively to stockholders of record on April 20, May 23, and June 22, 2023, respectively.