Real Estate Acquisitions	6 Months Ended
Jun. 30, 2013
Real Estate Acquisitions
Real Estate Acquisitions	Note 6 - Real Estate Acquisitions On March 22, 2013, a consolidated joint venture in which the Company has a 90% interest, acquired a retail property located in Clemmons, North Carolina for an all cash purchase price of $4,640,000. The property is 100% net leased to Kmart pursuant to a lease expiring in 2018. The Company incurred third party acquisition costs of $119,000 during the six months ended June 30, 2013 related to this acquisition. As a result of this acquisition, the Company recorded an intangible lease asset of $211,000 and an intangible lease liability of $823,000, representing the value of the origination costs and acquired lease. As of June 30, 2013, the weighted average amortization period for this acquisition is 4.92 years for the intangible lease asset and liability. The Company assessed the fair value of the lease intangible based on estimated cash flow projections that utilize appropriate discount rates and available market information. Such inputs are Level 3 (as defined in Note 12) in the fair value hierarchy. The Company is currently in the process of finalizing the purchase price allocations for the property, as well as for a property purchased in December 2012; therefore, the allocations are preliminary and subject to change. Acquisitions Subsequent to June 30, 2013 On July 1, 2013, the Company purchased a production, office and distribution facility located in Fort Mill, South Carolina for $15,500,000, which was financed in part by mortgage financing of $9,300,000. The mortgage, which matures in July 2023, bears interest at an effective rate of 4.562% per annum. The property is net leased to Shutterfly, Inc. through 2023. On July 30, 2013, the Company purchased a restaurant property located in Killeen, Texas in a sales/leaseback transaction for $2,020,000, which was paid in cash. The property is net leased to Texas Land & Cattle Steakhouse through 2025. On August 1, 2013, the Company purchased a Hooters restaurant property located in Concord, North Carolina for $2,469,000, which was paid in cash. The property is net leased through 2032. On August 6, 2013, the Company purchased a property operated as an assisted living facility located in Round Rock, Texas (a suburb of Austin, Texas) for $22,800,000, which was financed in part by mortgage financing of $15,275,000. The mortgage, which matures in August 2023, bears interest at an effective rate of 5.375% per annum. The property is net leased to an indirect subsidiary of Harden Healthcare, LLC through 2027. The aggregate annual base rent at the time of acquisition for these four properties is approximately $3,100,000.

Note 6 - Real Estate Acquisitions

On March 22, 2013, a consolidated joint venture in which the Company has a 90% interest, acquired a retail property located in Clemmons, North Carolina for an all cash purchase price of $4,640,000. The property is 100% net leased to Kmart pursuant to a lease expiring in 2018. The Company incurred third party acquisition costs of $119,000 during the six months ended June 30, 2013 related to this acquisition.

As a result of this acquisition, the Company recorded an intangible lease asset of $211,000 and an intangible lease liability of $823,000, representing the value of the origination costs and acquired lease. As of June 30, 2013, the weighted average amortization period for this acquisition is 4.92 years for the intangible lease asset and liability. The Company assessed the fair value of the lease intangible based on estimated cash flow projections that utilize appropriate discount rates and available market information. Such inputs are Level 3 (as defined in Note 12) in the fair value hierarchy. The Company is currently in the process of finalizing the purchase price allocations for the property, as well as for a property purchased in December 2012; therefore, the allocations are preliminary and subject to change.

Acquisitions Subsequent to June 30, 2013

On July 1, 2013, the Company purchased a production, office and distribution facility located in Fort Mill, South Carolina for $15,500,000, which was financed in part by mortgage financing of $9,300,000. The mortgage, which matures in July 2023, bears interest at an effective rate of 4.562% per annum. The property is net leased to Shutterfly, Inc. through 2023.

On July 30, 2013, the Company purchased a restaurant property located in Killeen, Texas in a sales/leaseback transaction for $2,020,000, which was paid in cash. The property is net leased to Texas Land & Cattle Steakhouse through 2025.

On August 1, 2013, the Company purchased a Hooters restaurant property located in Concord, North Carolina for $2,469,000, which was paid in cash. The property is net leased through 2032.

On August 6, 2013, the Company purchased a property operated as an assisted living facility located in Round Rock, Texas (a suburb of Austin, Texas) for $22,800,000, which was financed in part by mortgage financing of $15,275,000. The mortgage, which matures in August 2023, bears interest at an effective rate of 5.375% per annum. The property is net leased to an indirect subsidiary of Harden Healthcare, LLC through 2027.

The aggregate annual base rent at the time of acquisition for these four properties is approximately $3,100,000.