Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

As of June 30, 2013 and December 31, 2012, Wells VAF I had the following gross intangible in-place lease assets and liabilities:



	As of June 30, 2013
	Intangible Lease Assets						Intangible Lease Origination Costs			Intangible Below-Market In-Place Lease Liabilities
	Above-Market In-Place Lease Assets			Absorption Period Costs			Intangible Lease Origination Costs			Intangible Below-Market In-Place Lease Liabilities
Gross	$	357,971		$	1,476,402		$	1,099,149		$	224,442
Accumulated Amortization	(249,965		)	(983,977		)	(767,509		)	(156,722		)
Net	$	108,006		$	492,425		$	331,640		$	67,720



	As of December 31, 2012
	Intangible Lease Assets						Intangible Lease Origination Costs			Intangible Below-Market In-Place Lease Liabilities
	Above-Market In-Place Lease Assets			Absorption Period Costs			Intangible Lease Origination Costs			Intangible Below-Market In-Place Lease Liabilities
Gross	$	357,971		$	2,934,382		$	2,619,309		$	386,472
Accumulated Amortization	(231,449		)	(2,251,761		)	(2,114,913		)	(294,789		)
Net	$	126,522		$	682,621		$	504,396		$	91,683

During the three months and six months ended June 30, 2013 and 2012, Wells VAF I recognized the following amortization of acquired intangible lease assets and liabilities:



	Intangible Lease Assets				Intangible Lease Origination Costs		Intangible Below-Market In-Place Lease Liabilities
For the three months ended June 30:	Above-Market In-Place Lease Assets		Absorption Period Costs		Intangible Lease Origination Costs		Intangible Below-Market In-Place Lease Liabilities
2013	$	9,258	$	83,984	$	74,790	$	10,746
2012	$	9,258	$	106,212	$	97,967	$	13,217

For the six months ended June 30:
2013	$	18,516	$	190,196	$	172,756	$	23,963
2012	$	18,516	$	212,425	$	195,933	$	26,433

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The remaining net intangible assets and liabilities balances as of June 30, 2013 will be amortized as follows:



	Intangible Lease Assets				Intangible Lease Origination Costs		Intangible Below-Market In-Place Lease Liabilities
For the year ending December 31,	Above-Market In-Place Lease Assets		Absorption Period Costs		Intangible Lease Origination Costs		Intangible Below-Market In-Place Lease Liabilities
2013	$	18,515	$	79,037	$	56,856	$	11,610
2014	37,032		158,067		113,705		23,218
2015	37,032		158,067		113,705		23,218
2016	15,427		81,558		47,374		9,674
2017	—		15,696		—		—
	$	108,006	$	492,425	$	331,640	$	67,720
Weighted-Average Amortization Period	3 years		3 years		3 years		3 years