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Real Estate Acquisitions and Contingent Liability (Tables) | 9 Months Ended
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Sep. 30, 2014
Real Estate Acquisitions and Contingent Liability |
Schedule of the Company's real estate acquisitions, all of which were acquired for cash | The following chart details the Company’s real estate acquisitions, all of which were acquired for cash, during the nine months ended September 30, 2014 (amounts in thousands):
Description of Property |  | Date Acquired |  | Contract Purchase Price |  | Third Party Real Estate Acquisition Costs (a) |
Total Wine and More retail store, Greensboro, North Carolina |  | January 21, 2014 |  | $ | 2,971 |  | $ | 20 |
Chuck E Cheese restaurant, Indianapolis, Indiana |  | January 23, 2014 |  | 2,138 |  | 9 |
Savers Thrift Superstore, Highlands Ranch, Colorado |  | May 7, 2014 |  | 4,825 |  | 44 |
Hobby Lobby retail store, Woodbury, Minnesota |  | May 21, 2014 |  | 4,770 |  | 34 |
Land - River Crossing Apartments, Sandy Springs, Georgia (b) |  | June 4, 2014 |  | 6,510 |  | — | (c)
Noxell Corporation industrial building, Joppa, Maryland (d) |  | June 26, 2014 |  | 11,650 |  | — | (c)
Other (e) |  |  |  | — |  | 104 |
Totals |  |  |  | $ | 32,864 |  | $ | 211 |
(a) Included as an expense in the accompanying consolidated statement of income. (b) The Company’s fee interest in the land is collateral for the tenant’s mortgage loan secured by the buildings located at this property. (c) Transaction costs aggregating $303 incurred with these asset acquisitions were capitalized. (d) Owned by a joint venture in which the Company has a 95% interest. The non-controlling interest contributed $306 for its 5% interest, which was equal to the fair value of such interest at the date of purchase. (e) 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 nine months ended September 30, 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 |  | $ | 1,046 |  | $ | 1,468 |  | $ | 83 |  | $ | 374 |  | $ | — |  | $ | 2,971 |
Chuck E Cheese restaurant, Indianapolis, Indiana |  | 853 |  | 1,321 |  | 145 |  | 94 |  | (275 | ) | 2,138 |
Savers Thrift Superstore, Highlands Ranch, Colorado |  | 2,361 |  | 2,644 |  | 280 |  | 856 |  | (1,316 | ) | 4,825 |
Hobby Lobby retail store, Woodbury, Minnesota |  | 1,190 |  | 3,667 |  | 335 |  | 734 |  | (1,156 | ) | 4,770 |
Land - River Crossing Apartments, Sandy Springs, Georgia (a) |  | 6,516 |  | — |  | — |  | — |  | — |  | 6,516 |
Noxell Corporation industrial building, Joppa, Maryland (b) |  | 3,805 |  | 7,991 |  | 151 |  | — |  | — |  | 11,947 |
Subtotals |  | 15,771 |  | 17,091 |  | 994 |  | 2,058 |  | (2,747 | ) | 33,167 |
Other (c) |  | 74 |  | 70 |  | 18 |  | (59 | ) | (97 | ) | 6 |
Totals |  | $ | 15,845 |  | $ | 17,161 |  | $ | 1,012 |  | $ | 1,999 |  | $ | (2,844 | ) | $ | 33,173 |
(a) Includes capitalized transaction costs of $6 incurred with this asset acquisition. (b) Includes capitalized transaction costs of $297 incurred with this asset acquisition. (c) Adjustments to finalize intangibles relating to properties purchased in 2013.

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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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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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