PROPERTY ACQUISITIONS

3 Months Ended

Mar. 31, 2013

PROPERTY ACQUISITIONS

PROPERTY ACQUISITIONS

5. PROPERTY ACQUISITIONS

The following table summarizes the Company’s acquisitions of operating properties for the three months ended March 31, 2013, and does not include purchases of land or improvements made to existing assets:

			Consideration Paid													Acquisition Date Fair Value
Property Location	Number of Properties	Date of Acquisition	Total		Cash Paid		Non-cash gain		Notes Issued to/from Seller		Previous equity interest		Net Liabilities/ (Assets) Assumed			Land		Building		Intangible		Closing costs - expensed		Notes
Maryland	1	2/13/2013	$	12,321	$	8,029	$	2,215	$	—	$	2,273	$	(196	)	$	1,266	$	10,789	$	260	$	6	(1)
Illinois	1	2/13/2013	11,083		7,592		341		2,251		1,173		(274		)	1,318		9,485		190		90		(1)
2013 Totals	2		$	23,404	$	15,621	$	2,556	$	2,251	$	3,446	$	(470	)	$	2,584	$	20,274	$	450	$	96

(1) Acquired from an affiliated joint venture