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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2013
Stockholders' Equity [Abstract]  
Summary of distributions declared
The following are the distributions declared during the six months ended June 30, 2013 and 2012:
 
 
 
Distributions Declared
 
Cash Flow from
 
Period
 
Cash
 
Reinvested
 
Total
 
Operations
 
First quarter 2012
 
$
801,000
 
$
—
 
$
801,000
 
$
1,277,000
 
Second quarter 2012
 
 
799,000
 
 
 
 
 
799,000
 
 
214,000
 
First quarter 2013
 
 
1,493,000
 
 
—
 
 
1,493,000
 
 
2,643,000
 
Second quarter 2013
 
 
1,585,000
 
 
—
 
 
1,585,000
 
 
2,522,000
 
Summary of repurchased shares
During the three and six months ended June 30, 2013, we repurchased shares pursuant to our stock repurchase program as follows:
 
Period
 
Total Number
of Shares
Redeemed
 
 
Average
 Price Paid
per Share
 
First quarter 2013
 
60,432
 
$
9.98
 
Second quarter 2013
 
30,153
 
 
10.02
 
 
 
90,585