Subsequent Events	3 Months Ended
Mar. 31, 2013
Subsequent Events
Subsequent Events	12. Subsequent Events GAAP requires an entity to disclose events that occur after the balance sheet date but before financial statements are issued or are available to be issued (“subsequent events”) as well as the date through which an entity has evaluated subsequent events. There are two types of subsequent events. The first type consists of events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements (“recognized subsequent events”). No significant recognized subsequent events were noted. The second type consists of events that provide evidence about conditions that did not exist at the date of the balance sheet but arose subsequent to that date (“non-recognized subsequent events”). The following non-recognized subsequent events are noted: On April 1, 2013, the Company paid the first quarter of 2013 dividend of $0.5625 per share to holders of record of the Series A Preferred Stock on March 15, 2013. On April 15, 2013, the Company issued 2,418 shares of common stock with a fair value of $52 thousand, for directors’ compensation for their services for the three months ended March 31, 2013. On April 15, 2013, the Company paid the first quarter of 2013 dividend of $0.30 per share to all common stockholders of record on March 28, 2013. On April 16, 2013, the Company completed an underwritten public offering of 2,800,000 shares of 6.625% Series B Cumulative Redeemable Preferred Stock, $0.01 par value per share (the “Series B Preferred Stock”), at a price to the public of $25.00 per share, resulting in gross proceeds of $70.0 million. Dividends on the Series B Preferred Stock are payable quarterly in arrears on or about the last day of March, June, September and December of each year. The Series B Preferred Stock ranks senior to the Company’s common stock and on parity with the Series A Preferred Stock with respect to dividend rights and rights upon the liquidation, dissolution or winding up of the Company. The Series B Preferred Stock has no stated maturity date and is not subject to mandatory redemption or any sinking fund. Generally, the Company is not permitted to redeem the Series B Preferred Stock prior to April 16, 2018, except in limited circumstances relating to the Company’s ability to qualify as a REIT and in certain other circumstances related to a change of control (as defined in the articles supplementary for the Series B Preferred Stock). The Company used the net proceeds to pay off the outstanding amount due under the Unsecured Credit Facility and to fund acquisitions. During the period from April 1, 2013 to May 7, 2013, the Company paid down the Unsecured Credit Facility in full, resulting in a zero balance as of May 7, 2013. On May 6, 2013, the board of directors declared, and the Company accrued, the second quarter of 2013 dividend on common stock of $0.30 per share to all stockholders of record on June 28, 2013. On May 6, 2013, the board of directors declared, and the Company accrued, the second quarter 2013 dividend on the Series A Preferred Stock of $0.5625 per share to all record holders of Series A Preferred Stock as of June 14, 2013 and payable on July 1, 2013. On May 6, 2013, the board of directors declared, and the Company accrued, the second quarter 2013 dividend on the Series B Preferred Stock of $0.34505 per share (prorated for period April 16, 2013 to June 30, 2013) to all record holders of Series B Preferred Stock as of June 14, 2013 and payable on July 1, 2013.

12. Subsequent Events

GAAP requires an entity to disclose events that occur after the balance sheet date but before financial statements are issued or are available to be issued (“subsequent events”) as well as the date through which an entity has evaluated subsequent events. There are two types of subsequent events. The first type consists of events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements (“recognized subsequent events”). No significant recognized subsequent events were noted. The second type consists of events that provide evidence about conditions that did not exist at the date of the balance sheet but arose subsequent to that date (“non-recognized subsequent events”).

The following non-recognized subsequent events are noted:

On April 1, 2013, the Company paid the first quarter of 2013 dividend of $0.5625 per share to holders of record of the Series A Preferred Stock on March 15, 2013.

On April 15, 2013, the Company issued 2,418 shares of common stock with a fair value of $52 thousand, for directors’ compensation for their services for the three months ended March 31, 2013.

On April 15, 2013, the Company paid the first quarter of 2013 dividend of $0.30 per share to all common stockholders of record on March 28, 2013.

On April 16, 2013, the Company completed an underwritten public offering of 2,800,000 shares of 6.625% Series B Cumulative Redeemable Preferred Stock, $0.01 par value per share (the “Series B Preferred Stock”), at a price to the public of $25.00 per share, resulting in gross proceeds of $70.0 million. Dividends on the Series B Preferred Stock are payable quarterly in arrears on or about the last day of March, June, September and December of each year. The Series B Preferred Stock ranks senior to the Company’s common stock and on parity with the Series A Preferred Stock with respect to dividend rights and rights upon the liquidation, dissolution or winding up of the Company. The Series B Preferred Stock has no stated maturity date and is not subject to mandatory redemption or any sinking fund. Generally, the Company is not permitted to redeem the Series B Preferred Stock prior to April 16, 2018, except in limited circumstances relating to the Company’s ability to qualify as a REIT and in certain other circumstances related to a change of control (as defined in the articles supplementary for the Series B Preferred Stock). The Company used the net proceeds to pay off the outstanding amount due under the Unsecured Credit Facility and to fund acquisitions.

During the period from April 1, 2013 to May 7, 2013, the Company paid down the Unsecured Credit Facility in full, resulting in a zero balance as of May 7, 2013.

On May 6, 2013, the board of directors declared, and the Company accrued, the second quarter of 2013 dividend on common stock of $0.30 per share to all stockholders of record on June 28, 2013.

On May 6, 2013, the board of directors declared, and the Company accrued, the second quarter 2013 dividend on the Series A Preferred Stock of $0.5625 per share to all record holders of Series A Preferred Stock as of June 14, 2013 and payable on July 1, 2013.

On May 6, 2013, the board of directors declared, and the Company accrued, the second quarter 2013 dividend on the Series B Preferred Stock of $0.34505 per share (prorated for period April 16, 2013 to June 30, 2013) to all record holders of Series B Preferred Stock as of June 14, 2013 and payable on July 1, 2013.