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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2014
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

8. SUBSEQUENT EVENTS

 

In April 2014, we purchased $3.5 million of preferred equity large capital REITS, consisting of approximately 20 preferred stock positions with no one position exceeding $400,000 in value.

 

The margin payable accrues interest at 4% per annum and does not have a maturity date. The entire margin payable balance was repaid subsequent to March 31, 2014.