we are , however , beginning to see banks that are willing to issue medium-term mortgages , between two and five years , on substantially less favorable terms than were previously available . consequently , we continue to focus on using medium-term mortgages to finance our real estate activities until the market for long-term mortgages returns . 44 recent developments investment activities : on april 15 , 2005 , we originated a mortgage loan in the amount of $ 10.0 million that was collateralized by an office building located in mclean , virginia in which gladstone management corporation , or our adviser , and gladstone administration llc , or our administrator , are subtenants . the mortgage loan was originally set to mature in may 2017 , though , on july 22 , 2010 , it was fully repaid . we received $ 3.3 million of additional income and prepayment fees in connection with the early payment and the proceeds were used to repay a portion of our line of credit . during the year ended december 31 , 2010 , we acquired one property . the property is a 487,121 square foot office/industrial building located in orange city , iowa for approximately $ 12.3 million , including related acquisition expenses . we funded this acquisition through a combination of borrowings from the new line of credit and the assumption of approximately $ 10.8 million of mortgage debt on the property . at closing , the seller assigned to us the existing triple net lease with staples contract & commercial , inc. , the commercial delivery and fulfillment division of staples , inc. the existing triple net lease has a remaining term of approximately sixteen years , and the mortgage debt related to the property matures in december 2026. the existing triple net lease provides for aggregate rents of approximately $ 1.2 million in 2011 with prescribed annual rental rate escalations commencing in 2012. financing activities : in december 2010 , we procured a new line of credit , or the new line of credit , with capital one , n.a . serving as a revolving lender , a letter of credit issuer and as an administrative agent and branch banking and trust company serving as a revolving lender and a letter of credit issuer , which matures on december 28 , 2013. the new line of credit replaced our prior $ 50.0 million senior secured revolving credit facility which was scheduled to mature on december 29 , 2010 , or the prior line of credit . the new line of credit provides for a senior secured revolving credit facility of up to $ 50.0 million , with a standby letter of credit sublimit of up to $ 20.0 million . the new line of credit is subject to a maximum borrowing base calculation which may , from time to time , affect the maximum amount available to be drawn . the new line of credit may , upon satisfaction of certain conditions , be expanded up to $ 75.0 million . in connection with procuring the new line of credit , we repaid the $ 29.8 million outstanding balance of the prior line of credit with funds drawn from the new line of credit and with existing cash . we incurred no early termination penalties or fees in connection with the repayment of outstanding balance of the prior line of credit . there was $ 27.0 million outstanding under the line at december 31 , 2010 , and we had an available borrowing capacity of $ 5.9 million thereunder at december 31 , 2010. story_separator_special_tag portfolio gladstone management corporation , or our adviser , seeks to diversify our portfolio to avoid dependence on any one particular tenant , geographic market or tenant industry . by diversifying our portfolio , our adviser intends to reduce the adverse effect on our portfolio of a single under-performing investment or a downturn in any particular industry or geographic market . our largest tenant at december 31 , 2010 comprised approximately 7.4 % of our total rental income , and our largest concentration of properties was located in ohio , which accounted for approximately 18.1 % of our total rental income . the table below reflects the breakdown of our total rental income by tenant industry classification for the years ended december 31 , 2010 and 2009 , respectively : 47 replace_table_token_10_th our adviser and administrator our adviser is led by a management team which has extensive experience purchasing real estate and originating mortgage loans . our adviser is controlled by mr. david gladstone , our chairman and chief executive officer . mr. gladstone is also the chairman and chief executive officer of our adviser . terry lee brubaker , our vice chairman , chief operating officer , secretary and director , is a member of the board of directors of our adviser as well as its vice chairman and chief operating officer . george stelljes iii , our president , chief investment officer and director , is a member of the board of directors of our adviser and its president and chief investment officer . gladstone administration , llc , or our administrator , employs our chief financial officer , chief compliance officer , internal counsel , treasurer , investor relations and their respective staffs . our adviser and administrator also provide investment advisory and administrative services , respectively , to our affiliates , gladstone capital corporation and gladstone investment corporation , both publicly-traded business development companies , as well as gladstone land corporation , a private agricultural real estate company . with the exception of our chief financial officer , all of our executive officers serve as either directors or executive officers , or both , of gladstone capital corporation and gladstone investment corporation . in the future , our adviser may provide investment advisory services to other funds , both public and private , of which it is the sponsor . story_separator_special_tag the calculation of the incentive fee is described in detail above under advisory and administration agreements. the administration fee increased for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , primarily as a result of an increase in the amount of the total expenses allocated from our administrator during the periods . the calculation of the administration fee is described in detail above under  advisory and administration agreements. professional fees , consisting primarily of legal , consulting and accounting fees , increased during the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , primarily due to the write-off of approximately $ 1.6 million of fees and expenses incurred in relation to the private offering of unregistered senior common stock and related dividend reinvestment plan , discussed in  overview - recent 53 events-equity activities  above . in addition , we wrote-off approximately $ 150,000 of fees incurred in connection with the filing of our base registration statement on form s-3 with the sec in 2007. these fees were written off in september 2010 when we filed a new base registration statement on form s-3 with the sec . insurance expense consists of the premiums paid for directors ' and officers ' insurance , which is renewed annually each september . insurance expense increased for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , because of an increase in the premiums for the period from september 2009 through september 2010. premiums for the period from september 2010 through september 2011 decreased by approximately 16 % , thus we anticipate a decrease in insurance expenses in 2011. directors ' fees remained relatively flat for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , as we made no changes to the compensation paid to our non-employee directors for 2010. general and administrative expenses decreased for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , primarily as a result of decreased costs associated with printing and filing our proxy materials and annual report in 2010. other income and expense interest income from temporary investments decreased during the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , primarily because of lower interest rates earned on our money market accounts , coupled with interest received during 2009 from funds held on deposit for a prospective real estate acquisition . interest income on employee loans decreased during the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009. this decrease was a result of loan payoffs made by employees during 2009 and 2010 , coupled with other principal repayments during 2010. other income increased during the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , because of the $ 3.3 million in additional income and prepayment fees we received in connection with the early repayment of our mortgage loan in july 2010. interest expense decreased for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009. this decrease was primarily a result of the approximately 2.3 % decrease in the interest rate charged on our $ 48.0 million mortgage loan that was renewed in september 2010 , coupled with a decrease in the london interbank offered rate , or libor , from 2009 , which reduced our interest expense under our line of credit and reduced interest expense on our long-term financings from amortizing principal payments made during 2009 and 2010. discontinued operations income from discontinued operations for the year ended december 31 , 2009 relates to the property that we sold in july 2009 , which was located in norfolk , virginia . 54 net income available to common stockholders net income available to common stockholders increased for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 primarily because of the $ 3.3 million in additional income and prepayment fees we received in connection with the early repayment of our mortgage loan in july 2010 , partially offset by the write-off of $ 1.6 million in fees related to the termination of our private offering of unregistered senior common stock . a comparison of our operating results for the years ended december 31 , 2009 and 2008 is below : replace_table_token_12_th 55 operating revenues rental income increased for the year ended december 31 , 2009 , as compared to the year ended december 31 , 2008 , primarily as a result of the properties acquired during the year ended december 31 , 2008 that were held for the full year in 2009. interest income from mortgage notes receivable decreased for the year ended december 31 , 2009 , as compared to the year ended december 31 , 2008 , primarily because interest income on our mortgage loan is based on libor , which has significantly decreased over the past two years . tenant recovery revenue decreased slightly for the year ended december 31 , 2009 , as compared to the year ended december 31 , 2008 , primarily as a result of a decrease in the insurance premiums on some of our properties in which the tenants reimburse us for insurance expense , partially offset by an increase in the reimbursement of ground lease payments from a tenant . operating expenses depreciation and amortization expenses increased during the year ended december 31 , 2009 , as compared to the year ended december 31 , 2008 , as a result of the properties acquired during the year ended december 31 , 2008 that were held for the full year in 2009. property operating expenses

debt activities : we had $ 48.0 million of balloon principal payments maturing under one of our long-term mortgages in 2010 ; however , the mortgage has three annual extension options through 2013 , and we exercised one of these options on september 30 , 2010. in connection with the exercise of the option , the interest rate reset from 6.85 % to 4.58 % . at the time of notification of extension , we remitted a fee of 0.25 % of the outstanding principal balance , or $ 120,000 , and a certification to the lender that our aggregate debt service coverage ratio is not less than 1.2. the interest rate for the two additional extension periods will adjust based upon the 1-year swap rate at the time of extension and a fixed spread of 4.29 % and 4.41 % , respectively . we expect to exercise our remaining two annual extension options as they come due in 2011 and 2012. we have no other balloon principal payments due under any of our mortgages until 2013 . 45 equity activities : we raised approximately $ 3.4 million in net proceeds during 2010 under our open market sale agreement , or the open market sale agreement , with jefferies & company , inc. , or jefferies . under this agreement we may , from time to time , offer to sell shares of our common stock with an aggregate sales price of up to $ 25.0 million on the open market through jefferies , as agent , or to jefferies , as principal based upon our instructions ( including any price , time or size limits or other customary parameters or conditions that we may impose ) . sales of shares of our common stock through jefferies will be executed by means of ordinary brokers ' transactions on the nasdaq global select market or otherwise at market prices , in privately negotiated transactions , crosses or block transactions , as may be agreed between us and jefferies , including a combination of any of these transactions .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```debt activities : we had $ 48.0 million of balloon principal payments maturing under one of our long-term mortgages in 2010 ; however , the mortgage has three annual extension options through 2013 , and we exercised one of these options on september 30 , 2010. in connection with the exercise of the option , the interest rate reset from 6.85 % to 4.58 % . at the time of notification of extension , we remitted a fee of 0.25 % of the outstanding principal balance , or $ 120,000 , and a certification to the lender that our aggregate debt service coverage ratio is not less than 1.2. the interest rate for the two additional extension periods will adjust based upon the 1-year swap rate at the time of extension and a fixed spread of 4.29 % and 4.41 % , respectively . we expect to exercise our remaining two annual extension options as they come due in 2011 and 2012. we have no other balloon principal payments due under any of our mortgages until 2013 . 45 equity activities : we raised approximately $ 3.4 million in net proceeds during 2010 under our open market sale agreement , or the open market sale agreement , with jefferies & company , inc. , or jefferies . under this agreement we may , from time to time , offer to sell shares of our common stock with an aggregate sales price of up to $ 25.0 million on the open market through jefferies , as agent , or to jefferies , as principal based upon our instructions ( including any price , time or size limits or other customary parameters or conditions that we may impose ) . sales of shares of our common stock through jefferies will be executed by means of ordinary brokers ' transactions on the nasdaq global select market or otherwise at market prices , in privately negotiated transactions , crosses or block transactions , as may be agreed between us and jefferies , including a combination of any of these transactions .
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 Suspicious Activity Report : we are , however , beginning to see banks that are willing to issue medium-term mortgages , between two and five years , on substantially less favorable terms than were previously available . consequently , we continue to focus on using medium-term mortgages to finance our real estate activities until the market for long-term mortgages returns . 44 recent developments investment activities : on april 15 , 2005 , we originated a mortgage loan in the amount of $ 10.0 million that was collateralized by an office building located in mclean , virginia in which gladstone management corporation , or our adviser , and gladstone administration llc , or our administrator , are subtenants . the mortgage loan was originally set to mature in may 2017 , though , on july 22 , 2010 , it was fully repaid . we received $ 3.3 million of additional income and prepayment fees in connection with the early payment and the proceeds were used to repay a portion of our line of credit . during the year ended december 31 , 2010 , we acquired one property . the property is a 487,121 square foot office/industrial building located in orange city , iowa for approximately $ 12.3 million , including related acquisition expenses . we funded this acquisition through a combination of borrowings from the new line of credit and the assumption of approximately $ 10.8 million of mortgage debt on the property . at closing , the seller assigned to us the existing triple net lease with staples contract & commercial , inc. , the commercial delivery and fulfillment division of staples , inc. the existing triple net lease has a remaining term of approximately sixteen years , and the mortgage debt related to the property matures in december 2026. the existing triple net lease provides for aggregate rents of approximately $ 1.2 million in 2011 with prescribed annual rental rate escalations commencing in 2012. financing activities : in december 2010 , we procured a new line of credit , or the new line of credit , with capital one , n.a . serving as a revolving lender , a letter of credit issuer and as an administrative agent and branch banking and trust company serving as a revolving lender and a letter of credit issuer , which matures on december 28 , 2013. the new line of credit replaced our prior $ 50.0 million senior secured revolving credit facility which was scheduled to mature on december 29 , 2010 , or the prior line of credit . the new line of credit provides for a senior secured revolving credit facility of up to $ 50.0 million , with a standby letter of credit sublimit of up to $ 20.0 million . the new line of credit is subject to a maximum borrowing base calculation which may , from time to time , affect the maximum amount available to be drawn . the new line of credit may , upon satisfaction of certain conditions , be expanded up to $ 75.0 million . in connection with procuring the new line of credit , we repaid the $ 29.8 million outstanding balance of the prior line of credit with funds drawn from the new line of credit and with existing cash . we incurred no early termination penalties or fees in connection with the repayment of outstanding balance of the prior line of credit . there was $ 27.0 million outstanding under the line at december 31 , 2010 , and we had an available borrowing capacity of $ 5.9 million thereunder at december 31 , 2010. story_separator_special_tag portfolio gladstone management corporation , or our adviser , seeks to diversify our portfolio to avoid dependence on any one particular tenant , geographic market or tenant industry . by diversifying our portfolio , our adviser intends to reduce the adverse effect on our portfolio of a single under-performing investment or a downturn in any particular industry or geographic market . our largest tenant at december 31 , 2010 comprised approximately 7.4 % of our total rental income , and our largest concentration of properties was located in ohio , which accounted for approximately 18.1 % of our total rental income . the table below reflects the breakdown of our total rental income by tenant industry classification for the years ended december 31 , 2010 and 2009 , respectively : 47 replace_table_token_10_th our adviser and administrator our adviser is led by a management team which has extensive experience purchasing real estate and originating mortgage loans . our adviser is controlled by mr. david gladstone , our chairman and chief executive officer . mr. gladstone is also the chairman and chief executive officer of our adviser . terry lee brubaker , our vice chairman , chief operating officer , secretary and director , is a member of the board of directors of our adviser as well as its vice chairman and chief operating officer . george stelljes iii , our president , chief investment officer and director , is a member of the board of directors of our adviser and its president and chief investment officer . gladstone administration , llc , or our administrator , employs our chief financial officer , chief compliance officer , internal counsel , treasurer , investor relations and their respective staffs . our adviser and administrator also provide investment advisory and administrative services , respectively , to our affiliates , gladstone capital corporation and gladstone investment corporation , both publicly-traded business development companies , as well as gladstone land corporation , a private agricultural real estate company . with the exception of our chief financial officer , all of our executive officers serve as either directors or executive officers , or both , of gladstone capital corporation and gladstone investment corporation . in the future , our adviser may provide investment advisory services to other funds , both public and private , of which it is the sponsor . story_separator_special_tag the calculation of the incentive fee is described in detail above under advisory and administration agreements. the administration fee increased for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , primarily as a result of an increase in the amount of the total expenses allocated from our administrator during the periods . the calculation of the administration fee is described in detail above under  advisory and administration agreements. professional fees , consisting primarily of legal , consulting and accounting fees , increased during the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , primarily due to the write-off of approximately $ 1.6 million of fees and expenses incurred in relation to the private offering of unregistered senior common stock and related dividend reinvestment plan , discussed in  overview - recent 53 events-equity activities  above . in addition , we wrote-off approximately $ 150,000 of fees incurred in connection with the filing of our base registration statement on form s-3 with the sec in 2007. these fees were written off in september 2010 when we filed a new base registration statement on form s-3 with the sec . insurance expense consists of the premiums paid for directors ' and officers ' insurance , which is renewed annually each september . insurance expense increased for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , because of an increase in the premiums for the period from september 2009 through september 2010. premiums for the period from september 2010 through september 2011 decreased by approximately 16 % , thus we anticipate a decrease in insurance expenses in 2011. directors ' fees remained relatively flat for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , as we made no changes to the compensation paid to our non-employee directors for 2010. general and administrative expenses decreased for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , primarily as a result of decreased costs associated with printing and filing our proxy materials and annual report in 2010. other income and expense interest income from temporary investments decreased during the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , primarily because of lower interest rates earned on our money market accounts , coupled with interest received during 2009 from funds held on deposit for a prospective real estate acquisition . interest income on employee loans decreased during the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009. this decrease was a result of loan payoffs made by employees during 2009 and 2010 , coupled with other principal repayments during 2010. other income increased during the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 , because of the $ 3.3 million in additional income and prepayment fees we received in connection with the early repayment of our mortgage loan in july 2010. interest expense decreased for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009. this decrease was primarily a result of the approximately 2.3 % decrease in the interest rate charged on our $ 48.0 million mortgage loan that was renewed in september 2010 , coupled with a decrease in the london interbank offered rate , or libor , from 2009 , which reduced our interest expense under our line of credit and reduced interest expense on our long-term financings from amortizing principal payments made during 2009 and 2010. discontinued operations income from discontinued operations for the year ended december 31 , 2009 relates to the property that we sold in july 2009 , which was located in norfolk , virginia . 54 net income available to common stockholders net income available to common stockholders increased for the year ended december 31 , 2010 , as compared to the year ended december 31 , 2009 primarily because of the $ 3.3 million in additional income and prepayment fees we received in connection with the early repayment of our mortgage loan in july 2010 , partially offset by the write-off of $ 1.6 million in fees related to the termination of our private offering of unregistered senior common stock . a comparison of our operating results for the years ended december 31 , 2009 and 2008 is below : replace_table_token_12_th 55 operating revenues rental income increased for the year ended december 31 , 2009 , as compared to the year ended december 31 , 2008 , primarily as a result of the properties acquired during the year ended december 31 , 2008 that were held for the full year in 2009. interest income from mortgage notes receivable decreased for the year ended december 31 , 2009 , as compared to the year ended december 31 , 2008 , primarily because interest income on our mortgage loan is based on libor , which has significantly decreased over the past two years . tenant recovery revenue decreased slightly for the year ended december 31 , 2009 , as compared to the year ended december 31 , 2008 , primarily as a result of a decrease in the insurance premiums on some of our properties in which the tenants reimburse us for insurance expense , partially offset by an increase in the reimbursement of ground lease payments from a tenant . operating expenses depreciation and amortization expenses increased during the year ended december 31 , 2009 , as compared to the year ended december 31 , 2008 , as a result of the properties acquired during the year ended december 31 , 2008 that were held for the full year in 2009. property operating expenses

