PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)

9 Months Ended

Sep. 30, 2013

PROPERTY ACQUISITIONS AND DISPOSITIONS

Schedule of operating properties acquired

			Consideration Paid																		Acquisition Date Fair Value
Property Location	Number of Properties	Date of Acquisition	Total		Cash Paid (1)		Loans Assumed (1)		Non-cash gain		Notes Issued to/from Seller		Previous equity interest		Net Liabilities/ (Assets) Assumed			Value of OP Units Issued		Number of OP Units Issued	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	(2)
Illinois	1	2/13/2013	11,083		7,592		—		341		2,251		1,173		(274		)	—		—	1,318		9,485		190		90		(2)
Hawaii	2	5/3/2013	27,560		27,648		—		—		—		—		(88		)	—		—	5,991		20,976		438		155
Texas	1	5/8/2013	7,104		7,057		—		—		—		—		47			—		—	1,374		5,636		86		8
Maryland	1	6/10/2013	13,688		500		7,122		—		—		—		(64		)	6,130		143,860	2,160		11,340		—		188
Arizona	2	7/25/2013	9,313		9,183		—		—		—		—		130			—		—	2,001		7,110		192		10
California	19	8/29/2013	186,427		96,085		—		—						519			89,823		2,613,728	100,446		81,830		2,997		1,154
California	1	9/26/2013	10,928		4,791		—		—		—		—		51			6,086		177,107	3,138		7,429		181		180
2013 Totals	28		$	278,424	$	160,885	$	7,122	$	2,556	$	2,251	$	3,446	$	125		$	102,039	2,934,695	$	117,694	$	154,595	$	4,344	$	1,791

(1) Loans assumed and immediately defeased at closing are excluded from loans assumed and included in cash paid.

(2) Acquired from an affiliated joint venture