Real Estate (Tables)

3 Months Ended

Mar. 31, 2013

Three months Ended March 31, 2013

Property Location	Date Acquired	Square Feet	Properties
Orangeburg, SC	2/7/2013	319,000	1
Golden, CO	2/27/2013	227,500	1
Columbia, SC	2/28/2013	273,280	1
DeKalb, IL	3/15/2013	146,740	1
Ocala, FL	3/26/2013	619,466	1
Londonderry, NH	3/28/2013	125,060	1
Marion, IA	3/28/2013	95,500	1
	Total	1,806,546	7

Year Ended December 31, 2012

Property Location	Date Acquired	Square Feet	Properties
East Windsor, CT	3/1/2012	145,000	1
South Bend, IN	3/8/2012	225,000	1
Lansing, MI	3/21/2012	129,325	1
Portland, ME	3/27/2012	100,600	1
Portland, TN	3/30/2012	414,043	1
Spartanburg, SC	4/5/2012	409,600	4
Franklin, IN	4/17/2012	703,496	1
Muhlenberg Township, PA	5/24/2012	394,289	1
Avon, CT	6/15/2012	78,400	1
Orlando, FL	6/15/2012	155,000	1
Pineville, NC	6/15/2012	75,400	1
Buffalo, NY	6/15/2012	117,000	1
Edgefield, SC	6/15/2012	126,190	1
Arlington, TX	6/15/2012	196,000	1
Bellevue, OH	7/18/2012	181,838	1
Atlanta, GA	8/1/2012	407,981	1
Huntersville, NC	8/6/2012	185,570	1
Simpsonville, SC	8/23/2012	204,952	1
Simpsonville, SC	8/23/2012	207,042	1
Dallas, GA	9/4/2012	92,807	1
Mebane, NC	9/4/2012	223,340	1
Mebane, NC	9/4/2012	202,691	1
De Pere, WI	9/13/2012	200,000	1
Duncan, SC	9/21/2012	474,000	1
Duncan, SC	9/21/2012	313,380	1
Buena Vista, VA	9/27/2012	172,759	1
Gurnee, IL	9/28/2012	223,760	1
Auburn Hills, MI	10/9/2012	87,932	1
El Paso, TX	10/9/2012	269,245	1
Gloversville, NY	10/9/2012	50,000	1
Gloversville, NY	10/9/2012	101,589	1
Gloversville, NY	10/9/2012	26,529	1
Gloversville, NY	10/9/2012	59,965	1
Greenwood, SC	10/9/2012	104,955	1
Greenwood, SC	10/9/2012	70,100	1
Holland, MI	10/9/2012	195,000	1
Independence, VA	10/9/2012	120,000	1
Jackson, TN	10/9/2012	250,000	1
Johnstown, NY	10/9/2012	52,500	1
Johnstown, NY	10/9/2012	60,000	1
Johnstown, NY	10/9/2012	42,325	1
Johnstown, NY	10/9/2012	57,102	1
Kansas City, KS	10/9/2012	56,580	1
Lafayette, IN	10/9/2012	71,400	1
Lafayette, IN	10/9/2012	120,000	1
Lafayette, IN	10/9/2012	275,000	1
Lansing, MI	10/9/2012	250,100	1
Marion, OH	10/9/2012	249,600	1
Novi, MI	10/9/2012	120,800	1
O’Hara, PA	10/9/2012	887,084	1
Parsons, KS	10/9/2012	120,000	1
Phenix City, AL	10/9/2012	117,568	1
Portage, IN	10/9/2012	212,000	1
Ware Shoals, SC	10/9/2012	20,514	1
Wichita, KS	10/9/2012	80,850	1
Wichita, KS	10/9/2012	120,000	1
Wichita, KS	10/9/2012	44,760	1
Wichita, KS	10/9/2012	47,700	1
Chicopee, MA	10/26/2012	217,000	1
Sterling Heights, MI	10/31/2012	108,000	1
Harrisonburg, VA	11/29/2012	357,673	1
Toledo, OH	12/13/2012	177,500	1
Woodstock, IL	12/14/2012	129,803	1
Kansas City, MO	12/19/2012	226,576	1
Smyrna, GA	12/20/2012	102,000	1
Montgomery, IL	12/20/2012	584,301	1
Statham, GA	12/21/2012	225,680	1
	Total	12,829,194	70

Summary of allocation of the consideration paid for the acquired assets and liabilities in connection with the acquisitions of properties at the date of acquisition

The following table (in thousands) summarizes the allocation of the consideration paid during the three months ended March 31, 2013 and the year ended December 31, 2012, respectively, for the acquired assets and liabilities in connection with the acquisitions of properties at the date of acquisition identified in the table above:

	Three months Ended March 31, 2013			Weighted Average Amortization Period (years) Lease Intangibles	Year ended December 31, 2012			Weighted Average Amortization Period (years) Lease Intangibles
Land	$	4,460		N/A	$	34,991		N/A
Buildings	40,601			N/A	269,616			N/A
Tenant improvements	471			N/A	10,624			N/A
Cash escrow for capital additions	—			N/A	785			N/A
Above market leases	365			5.1	16,728			10.0
Below market leases	(451		)	7.9	(5,962		)	6.5
In-place leases	9,777			6.3	63,397			6.6
Tenant relationships	3,784			9.1	26,241			8.2
Building and land improvements	1,537			N/A	7,488			N/A
Net assets acquired	$	60,544			$	423,908

Schedule of pro forma information, presented as if the acquisitions of the properties had occurred at January 1, 2011

Pro Forma	Three months Ended March 31, 2013 (in thousands, except share data) (1)
Total revenue	$	31,682
Net income (loss) (2)	$	386
Net income (loss) attributable to common stockholders	$	(1,079	)
Weighted average shares outstanding	40,514,942
Net loss per share attributable to common stockholders	$	(0.03	)

Pro Forma	Three months Ended March 31, 2012 (in thousands, except share data) (3)
Total revenue	$	20,141
Net income (loss) (2)	$	(657	)
Net income (loss) attributable to common stockholders	$	(1,473	)
Weighted average shares outstanding	15,824,627
Net income per share attributable to common stockholders	$	(0.09	)

(1) The pro forma information for the three months ended March 31, 2013 is presented as if the acquisition of the properties acquired during the three months ended March 31, 2013 had occurred at January 1, 2012.

(2) The net income (loss) for the three months ended March 31, 2013 excludes $0.4 million of property acquisition costs related to the acquisition of properties that closed during the three months ended March 31, 2013. Net income (loss) for the three months ended March 31, 2012 excludes $0.2 million of property acquisition costs

related to the acquisition of properties that closed during the three months ended March 31, 2012.

(3) The pro forma information for the three months ended March 31, 2012 is presented as if the acquisition of the properties acquired during the three months ended March 31, 2013 and the properties acquired during the year ended December 31, 2012 had occurred at January 1, 2012 and January 1, 2011, respectively.

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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