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Real Estate Acquisitions (Tables)

9 Months Ended

Sep. 30, 2012

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.