Annual report pursuant to Section 13 and 15(d)

Subsequent Events

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Subsequent Events
 12 Months Ended
Dec. 31, 2013
Subsequent Events [Abstract]  
Subsequent Events

NOTE 10. SUBSEQUENT EVENTS

Distributions

On January 7, 2014, our Board of Directors declared the following monthly cash distributions to common stockholders:

 

Record Date

    Payment Date      Distribution per
Common Share		  

January 22, 2014

      January 31, 2014       $ 0.03   

February 19, 2014

      February 28, 2014         0.03   

March 17, 2014

      March 31, 2014         0.03   
     

 

 

  
     Total:       $ 0.09   
     

 

 

  

Investment Activity

On January 21, 2014, we completed the work for the expansion and upgrade of the cooling facility on Trapnell Road, for which we expended a total of $450,000. In accordance with the lease amendment executed in October 2013, we will begin earning additional rental income on the costs incurred related to this project at an annual rate of 8.5%.

On January 30, 2014, we entered into an agreement of purchase and sale to purchase approximately 200 acres of land in Oregon (the “Property”). The Property is irrigated farmland that is farmed primarily for blueberries. The purchase of the Property is subject to customary conditions and termination rights for transactions of this type, including a due diligence inspection period, and there can be no assurance that the acquisition will be consummated by a certain time, or at all.