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Real Estate Acquisitions (Tables)
3 Months Ended
Mar. 31, 2014
Real Estate Acquisitions  
Schedule of the Company's real estate acquisitions

 

 

The following chart details the Company’s real estate acquisitions during the three months ended March 31, 2014 (amounts in thousands):

 

Description of Property

 

Date Acquired

 

Contract
Purchase
Price

 

Terms of
Payment

 

Third Party
Real Estate
Acquisition
Costs (a)

 

 

 

 

 

 

 

 

 

 

 

Total Wine and More retail store, Greensboro, North Carolina

 

January 21, 2014

 

$

2,971

 

All cash

 

$

7

 

 

 

 

 

 

 

 

 

 

 

Chuck E Cheese restaurant, Indianapolis, Indiana

 

January 23, 2014

 

2,138

 

All cash

 

9

 

 

 

 

 

 

 

 

 

 

 

Other (b) 

 

 

 

 

 

 

24

 

 

 

 

 

 

 

 

 

 

 

Totals

 

 

 

$

5,109

 

 

 

$

40

 

 

 

(a)         Included as an expense in the accompanying consolidated statement of income.

(b)         Costs incurred for potential acquisitions and properties purchased in 2013.

 

Schedule of allocation of purchase price for the company's real estate acquisitions

 

 

The following chart provides the allocation of the purchase price for the Company’s real estate acquisitions during the three months ended March 31, 2014 (amounts in thousands):

 

 

 

 

 

 

 

Building

 

Intangible Lease

 

 

 

Description of Property

 

Land

 

Building

 

Improvements

 

Asset

 

Liability

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Wine and More retail store, Greensboro, North Carolina

 

$

1,044

 

$

1,465

 

$

89

 

$

373

 

$

 

$

2,971

 

Chuck E Cheese restaurant, Indianapolis, Indiana

 

852

 

1,319

 

147

 

94

 

(274

)

2,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotals

 

1,896

 

2,784

 

236

 

467

 

(274

)

5,109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other (a)

 

74

 

70

 

18

 

(59

)

(97

)

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

 

$

1,970

 

$

2,854

 

$

254

 

$

408

 

$

(371

)

$

5,115

 

 

 

(a)         Adjustments relating to properties purchased in 2013.