Subsequent Events (Tables)

9 Months Ended

Sep. 30, 2016

Subsequent Events [Abstract]

Schedule of Properties Sold and Held for Sale

The following table summarizes the properties sold during the three and nine months endedSeptember 30, 2016 and properties that are classified as assets held for sale as of September 30, 2016. The Company did not sell any real estate assets during the three and nine months endedSeptember 30, 2015.

Portfolio	State	Disposition Date	Number of Properties	Square Feet	Contract Sales Price		Gains on Sale (1)
					(In thousands)		(In thousands)
Properties Sold
Fresenius II	Georgia	September 2, 2016	1	6,192	$	3,333	$	483
Garden Ridge	North Carolina	September 29, 2016	1	119,258	9,190		803
Dollar General	Ohio	September 29, 2016	1	9,026	1,423		34
Total			3	134,476	$	13,946	$	1,320
Assets Held for Sale
Dollar General - Choctaw	Oklahoma	October 13, 2016	1	9,100	1,497		(2)
Dollar General - 15-Pack	(3)	October 28, 2016	15	145,938	21,661		(2)
Family Dollar - 8-Pack	Florida	October 13, 2016	8	63,510	13,239		(2)
Total			24	218,548	$	36,397	$	—

________________________________________________

⁽¹⁾  Reflected within gains on dispositions of real estate investments in the consolidated statements of operations for the nine months endedSeptember 30, 2016

⁽²⁾  Property sold subsequent to September 30, 2016 and therefore gain (loss) on sale is not disclosed above.

⁽³⁾  Consists of properties sold in Pennsylvania, Ohio and Oklahoma.

The following table details the major classes of assets associated with the above 24 assets classified as held for sale as of September 30, 2016.

(In thousands)	September 30, 2016
Real estate held for sale, at cost:
Land	$	6,521
Buildings, fixtures and improvements	19,071
Acquired intangible lease assets	8,833
Total real estate held for sale, at cost	34,425
Less accumulated depreciation and amortization	(2,441		)
Real estate assets held for sale, net	$	31,984

Subsequent to the nine months endedSeptember 30, 2016, the Company has sold 27 properties, as summarized in the table below:

Portfolio	State	Disposition Date	Number of Properties	Square Feet	Contract Sales Price
					(In thousands)
Dollar General - Choctaw	Oklahoma	October 13, 2016	1	9,100	$	1,497
Family Dollar - 8-Pack	Florida	October 13, 2016	8	63,510	13,239
Dollar General - Allentown	Pennsylvania	October 24, 2016	1	9,026	1,699
Dollar General - Union Township	Pennsylvania	October 27, 2016	1	9,014	1,635
Dollar General - 15-Pack	Pennsylvania	October 28, 2016	15	145,938	21,661
Fresenius I	South Carolina	November 2, 2016	1	10,155	4,756
Total			27	246,743	$	44,487