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Real Estate Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2012
Real Estate Acquisitions |
Schedule of real estate acquisitions during the period |
The following chart details the Company’s real estate acquisitions during the nine months ended September 30, 2012.
Description of Property |  | Date Acquired |  | Contract Purchase Price |  | Terms of Payment |  | Third Party Real Estate Acquisition Costs (a) |
Urban Outfitters retail store, Lawrence, Kansas |  | February 7, 2012 |  | $ | 1,230,000 |  | Cash |  | $ | 21,000 |
Three Applebee’s restaurants, Carrollton, Kennesaw and Cartersville, Georgia |  | March 12, 2012 |  | 8,568,000 |  | Cash |  | 81,000 |
Avalon Carpet Tile and Flooring, retail store and warehouse, Deptford, New Jersey |  | April 24, 2012 |  | 2,200,000 |  | Cash and $2,040,000 mortgage (b) |  | — | (c)
Applebee’s restaurant, Lawrenceville, Georgia |  | May 17, 2012 |  | 2,340,000 |  | Cash |  | 18,000 |
Other (d) |  |  |  | — |  |  |  | 139,000 |
|  |  |  | $ | 14,338,000 |  |  |  | $ | 259,000 |
(a) Expensed in the accompanying consolidated statements of income. (b) The mortgage bears interest at 5% per annum through April 2017 and matures May 2022. (c) Owned by a consolidated joint venture in which the Company has a 95% interest. The noncontrolling interest contributed $68,000 for its 5% equity interest. Transaction costs of $90,000 incurred with this asset acquisition were capitalized. (d) Costs incurred for potential acquisitions.

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- Definition Tabular disclosure of real estate acquisitions during the period, including date purchased, contract price, terms of payment and third party acquisition costs. + References No definition available. + Details
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