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Real Estate Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2013
Real Estate Acquisitions |
Schedule of real estate acquisitions | The following chart details the Company’s real estate acquisitions during the nine months ended September 30, 2013 (amounts in thousands):
Description of Property |  | Date Acquired |  | Contract Purchase Price |  | Terms of Payment |  | Third Party Real Estate Acquisition Costs (a) |
Kmart retail store, |  |  |  |  |  |  |  |  |
Clemmons, North Carolina (b) |  | March 22, 2013 |  | $ | 4,640 |  | All cash |  | $ | 119 |
Shutterfly flex facility |  |  |  |  |  |  |  |  |
Fort Mill, South Carolina |  | July 1, 2013 |  | 15,500 |  | Cash and $9,300 mortgage (c) |  | 118 |
Texas Land & Cattle restaurant |  |  |  |  |  |  |  |  |
Killeen, Texas |  | July 30, 2013 |  | 2,020 |  | All cash |  | 43 |
Hooters restaurant |  |  |  |  |  |  |  |  |
Concord, North Carolina |  | August 1, 2013 |  | 2,469 |  | All cash |  | 13 |
TRISUN Health Care - assisted living facility |  |  |  |  |  |  |  |  |
Round Rock, Texas |  | August 6, 2013 |  | 22,800 |  | Cash and $15,275 mortgage (d) |  | 288 |
Hooters restaurant |  |  |  |  |  |  |  |  |
Myrtle Beach, South Carolina |  | September 3, 2013 |  | 2,635 |  | All cash |  | 31 |
Joe’s Crab Shack restaurant |  |  |  |  |  |  |  |  |
Ann Arbor, Michigan |  | September 12, 2013 |  | 2,980 |  | All cash |  | 28 |
FedEx Express facility |  |  |  |  |  |  |  |  |
Indianapolis, Indiana |  | September 13, 2013 |  | 9,270 |  | All cash |  | 31 |
Northern Tool & Equipment distribution facility |  |  |  |  |  |  |  |  |
Fort Mill, South Carolina |  | September 18, 2013 |  | 39,195 |  | Cash and $27,300 mortgage (e) |  | 84 |
Other (f) |  |  |  | — |  |  |  | 67 |
Totals |  |  |  | $ | 101,509 |  |  |  | $ | 822 |
(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 90% interest. (c) The mortgage bears interest at 4.562% per annum and matures July 1, 2023. (d) The mortgage bears interest at 5.375% per annum and matures August 6, 2023. (e) The mortgage bears interest at 4.875% per annum and matures April 1, 2029. (f) Costs incurred for potential acquisitions and properties purchased in 2012.

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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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