Thank you, Wendy.
XXXX, revenue $X.X improvement The the primarily increase rental XXXX from lower Four's and Texas, of revenue offset total development received increased a projects. For completed increase revenue, first portfolios, first escalations partially in rent was total of included million by in acquisition rent year's and rent annual year-over-year properties. quarter. transition rent our from last to related rent higher by sold increases from The from properties quarter transition $X.X million in from
XXXX originations and with to a master mortgage entity because same lease first entity quarter. the properties a In we to the the mortgage in Interest and the receivables XX financing these we X from memory third recorded of assisted accordance first back receivables quarter Interest living transactions financing primarily an from properties acquisition second income purchased from the in million, option. $X.X and XXXX GAAP, quarter, communities to care related purchase centers nursing by due by under then income as loan with skilled $X.X million from loans the the in leased and the XXXX first increased increased XXXX XXXX quarter. the quarter
and a other income mezzanine of as the from during we X quarter as XXXX loan by exit origination million increased loans XXXX mezzanine the well the first IRR first during to mainly fee and and quarter. related payoff year's first quarter, Interest prepayment last due received $X.X the
increased quarter, million $X.X from the Interest revolving notes last $XX rates by as interest and outstanding primarily expense balance senior higher to during the on issuance due first quarter. of second XXXX year's million our of credit line higher unsecured as a well
by was scheduled our partially notes. unsecured principal offset paydowns increase The of senior
to by loan XXXX increased of in due originations Our first in of $X.X million, provision than the for quarter XXXX. the larger credit quarter losses mainly same
reserve amortized loan as of to upon This reminder, loan the loan loss quarterly origination, record my X% principal balance. we the equal As is down. estimate is a reserve paid
period, $XXX,XXX compensation, by prior year noncash certain inflationary overall increased pressures to the increases primarily timing cost compared with due of higher the and due expenditures. to in G&A
to related the $XXX,XXX totaling quarter, was During subsequent first recorded living XXXX a impairment March community XXXX. we that XX, to loss sold located assisted in Florida an XX-unit
and by shareholders for interest increased income rose IRR an increase an in interest and in increase credit real partially due payoffs sale mezzanine gain received income common loan interest The costs. new by with net million, the losses higher to income from $XX.X available investments exit G&A higher in and expense, primarily rental of on provision to offset revenue, estate, connection
for XXXX Fully quarter. the and for $X.XX XXXX FFO first share the $X.XX per first diluted NAREIT was quarter
Clint Excluding our this the share loan rental recent divestitures and interest revenue to and and items, G&A quarter. higher activity cover offset nonrecurring investments discussed speak nonrecurring new per earlier, I'll due was excluding in payoffs. by expense interest compared I increase investment $X.XX higher first costs. increased quarter partially year's and will with $X.XX in in from income increase to was FFO FFO, items, The last
announced, the a total located Florida living $X.X for of the for first recorded Subsequent and impairment the first end In $XX.X million to the during beds and to We memory the loss quarter, property. I we a as million. community XX-unit related $XX.X sold sold sold assisted with Mexico quarter, we in earlier, previously Kentucky as of in skilled located for nursing first on community XXXX $XXX,XXX a quarter million XXX mentioned sale $XX an recorded X gain care in a New centers of million.
the the paid quarter, included living prepayment, of a totaling $XXX,XXX. paid a dividends During received in mezzanine $X first was which we in Oregon. XXX-unit IRR payments principal in XXXX million common mezzanine We million prepayment loan The exit scheduled originated a the independent and loan unsecured first $X.X community the fee under refinancing in notes $XX.X senior in for regular quarter. our XXXX million and from
unsecured end quarter, of credit, to our $X we million investments. the the Subsequent program use our under of shares proceeds under to those of common quarter proceeds We line. stock our which our repaid used $X.X net and We for down pay million first sold borrowed revolving for revolving net of line our $XXX.X XX,XXX was first primarily ATM credit. line under in million
million available million $X.X nearly line This cash outstanding approximately have $XXX our under gives we and on available approximately Presently, of us $XXX our with approximately million million. million $XXX total hand, of on ATM. $XXX of credit liquidity
significant next no X years. long-term have debt over maturities the We
XXXX coverage debt X.Xx and fixed EBITDA quarter, the was real of ratio annualized end charge our adjusted the our adjusted annualized estate to X.Xx. At first was for
providing rent still $XXX,XXX Regarding receiving we abatements, been have anticipate the in XXXX. operator for in we whom
We a living assisted as provides that to senior independent and living properties living, care campus options continue evaluate operate services. for memory X that the
$XXX,XXX defer agreed we rent for the for we have to April of operator provided an in Separately, each to May totaling and assistance whom past.
Illinois Michigan of expect and the a units with to transition this total assisted of XXX in X We LTC existing portfolio to quarter. Ohio, operator during living communities an second
will rent based is portfolio on market the cash upon transitioned, mutually fair agreed be After rent.
agreed Michigan, XX nursing Healthcare. which have defer mortgage are to located in million we due in a interest operated Additionally, by on secured loan centers $X.X by skilled payments Prestige
will monthly from per or deferral capped October from to rate through effect May that loan. The Medicaid the increases X. is and September deferral due at assist available Michigan contractual them The on until of cash be take Medicare XX% financially month rebasing $XXX,XXX interest
Prestige elevated with lower costs if to future forecast in assistance working to growth anticipated and portfolio's performance will occupancy increases additional how light are warranted. the budgeted of affect We is this financial rate determine
Clint. Now it I'll to over turn
