Exhibit 12

Statements re: computation of ratios

(Dollars in Thousands, Except Ratios)

		For the three
		months ended March				For the year ended December 31,
		31, 2011				2010				2009				2008				2007				2006
Net income from continuing operations		$	1,480			$	4,928			$	4,400			$	4,873			$	5,958			$	3,285
Add: fixed charges			5,205				21,191				22,001				20,964				15,670				11,490
Less: preferred and senior common distributions			(1,038	)			(4,114	)			(4,094	)			(4,094	)			(4,094	)			(2,187	)
Earnings		$	5,647			$	22,005			$	22,307			$	21,743			$	17,534			$	12,588
Fixed Charges:
Interest expense			3,925				16,031				16,399				15,575				10,847				8,041
Amortization of deferred financing fees			231				1,031				1,496				1,284				717				1,207
Estimated interest component of rent			11				15				12				11				12				55
Preferred and senior common distributions			1,038				4,114				4,094				4,094				4,094				2,187
Total fixed charges and preferred distributions			5,205				21,191				22,001				20,964				15,670				11,490
Ratio of earnings to combined fixed charges and preferred distributions			1.1				1.0				1.0				1.0				1.1				1.1

The calculation of the ratio of earnings to combined fixed charges and preferred distributions is above. “Earnings” consist of net income from continuing operations before fixed charges. “Fixed charges” consist of interest expense, amortization of deferred financing fees and the portion of operating lease expense that represents interest. The portion of operating lease expense that represents interest is calculated by dividing the amount of rent expense, allocated to us by our Adviser as part of the administration fee payable under the Advisory Agreement, by three.