PRO FORMA FINANCIAL INFORMATION

The following table summarizes, on an unaudited pro forma basis, the combined results of operations of the Company for the three and nine months ended September 30, 2012 and 2011. The Company acquired eight properties, originated three loans receivable, issued an additional $100.0 million aggregate principal amount of 8.125% Senior Notes and repaid the $42.5 million outstanding under our Amended Secured Revolving Credit Facility during the nine months ended September 30, 2012. The following unaudited pro forma information for the three and nine months ended September 30, 2012 and 2011 has been prepared to give effect to these transactions and the eleven acquisitions that occurred during the year ended December 31, 2011, as well as the offering of 11.7 million shares of common stock that closed in August 2011, as if they had occurred on January 1, 2011. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had these acquisitions occurred on this date, nor does it purport to predict the results of operations for future periods (in thousands, except share and per share amounts):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011

Revenues	$	26,910	$	26,547	$	80,604	$	79,503
Depreciation and amortization	7,756		8,062		23,607		24,458
Net income	5,530		6,764		16,604		18,802
Net income per common share, basic	0.15		0.18		0.45		0.51
Net income per common share, diluted	0.15		0.18		0.45		0.51
Weighted-average number of common shares outstanding, basic	37,178,162		36,939,157		37,121,384		36,906,422
Weighted-average number of common shares outstanding, diluted	37,465,114		37,002,121		37,276,013		37,000,701