REAL ESTATE INVESTMENTS AND MINIMUM FUTURE RENTALS (Tables)

12 Months Ended

Dec. 31, 2012

REAL ESTATE INVESTMENTS AND MINIMUM FUTURE RENTALS

The following chart details the Company's real estate acquisitions during 2012 and 2011 (amounts in thousands):

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	All cash	$	21
Three Applebee's restaurants, Carrollton, Kennesaw and Cartersville, Georgia	March 12, 2012		8,568	All cash		84
Avalon Carpet Tile and Flooring, retail store and warehouse, Deptford, New Jersey(b)	April 24, 2012		2,200	Cash and $2,040 mortgage(c)		—	(b)
Applebee's restaurant, Lawrenceville, Georgia	May 17, 2012		2,340	All cash		19
FedEx Facility, Pinellas Park, Florida	October 11, 2012		2,810	All cash		28	(d)
Walgreens Pharmacy, Cape Girardeau, Missouri(e)	October 25, 2012		2,268	All cash		92
Shopping Center, Houston, Texas(f)	November 13, 2012		7,150	Cash and $5,100 mortgage(g)		206
LA Fitness Health Club, Secaucus, New Jersey	December 12, 2012		16,400	Cash and $10,000 mortgage(h)		341
FedEx Facility, Miamisburg, Ohio	December 26, 2012		1,650	All cash		6	(d)
Other(i)			—			26

Totals for 2012		$	44,616		$	823

Big Lots retail store, Bolingbrook, Illinois	March 4, 2011	$	2,325	All cash	$	22
FedEx Facility, Durham, North Carolina	July 29, 2011		3,975	All cash		35
LA Fitness Health Club, Hamilton, Ohio	August 9, 2011		7,900	All cash		54
Two hhGregg retail stores, Niles and Crystal Lake, Illinois	September 14, 2011		8,000	All cash		76
Burlington Coat Factory retail property, Cherry Hill, New Jersey(j)	October 27, 2011		5,800	All cash		—	(j)
Other(i)			—			26

Totals for 2011		$	28,000		$	213

(a): Included as an expense in the accompanying consolidated statements of income.
(b): Owned by a consolidated joint venture in which the Company has a 95% interest. Transaction costs of $90 incurred with this asset acquisition were capitalized.
(c): The mortgage bears interest at 5% per annum through April 2017 and thereafter at a rate of not less than 5% and matures May 2022.
(d): Assignment fees of $84 and $125, paid in connection with the purchase of the FedEx properties located in Florida and Ohio, respectively, were capitalized.
(e): Owned by a consolidated joint venture in which the Company has a 95% interest.
(f): Owned by a consolidated joint venture in which the Company has an 85% interest.
(g): The mortgage bears interest at 3.75% per annum and matures December 2017.
(h): The mortgage bears interest at 4.9% per annum and matures January 2025.
(i): Costs incurred for potential acquisitions.
(j): Owned by a consolidated joint venture in which the Company has a 90% interest. Transaction costs of $578 incurred with this asset acquisition were capitalized.

Schedule of amortization of intangible lease assets as a result of acquired above market leases

The unamortized balance of intangible lease assets as a result of acquired above market leases at December 31, 2012 will be deducted from rental income through 2027 as follows (amounts in thousands):


2013	$	505
2014		497
2015		491
2016		481
2017		448
Thereafter		2,789

Total	$	5,211

Schedule of amortization of intangible lease liabilities as a result of acquired below market leases

The unamortized balance of intangible lease liabilities as a result of acquired below market leases at December 31, 2012 will be added to rental income through 2041 as follows (amounts in thousands):


2013	$	511
2014		495
2015		473
2016		456
2017		446
Thereafter		2,919

Total	$	5,300

Schedule of amortization of origination costs associated with in-place leases

The unamortized balance of origination costs associated with in-place leases at December 31, 2012 will be charged to amortization expense through 2027 as follows (amounts in thousands):


2013	$	1,249
2014		1,205
2015		1,172
2016		1,052
2017		966
Thereafter		5,636

Total	$	11,280

Schedule of minimum future contractual rentals to be received

The minimum future contractual rentals (without taking into consideration straight-line rent or amortization of intangibles) to be received over the next five years and thereafter on the operating leases in effect at December 31, 2012 are as follows (amounts in thousands):


2013	$	45,779
2014		43,324
2015		39,565
2016		37,627
2017		35,303
Thereafter		201,284

Total	$	402,882