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American Realty Capital Trust (Tables)
12 Months Ended
Dec. 31, 2012
American Realty Capital Trust  
Schedule of preliminary purchase price of the ARCT acquisition

 

 

Consideration associated with equity issued

 

  $

 2,027,753

Cash consideration paid to previous owners of ARCT

 

59,142

Total preliminary purchase consideration

 

  $

 2,086,895

 

Summary of preliminary purchase price allocation representing current best estimate of fair value

 

 

 

Assets:

 

 

 

Total real estate and related intangible assets

 

  $

 3,178,862

 

Cash and cash equivalents, accounts receivable, and other assets, net

 

45,667

 

Total Assets

 

3,224,529

 

Liabilities:

 

 

 

Lines of credit payable

 

317,207

 

Term loan

 

235,000

 

Mortgage notes payable

 

538,888

 

Accounts payable, accrued expenses, and other liabilities, net

 

32,577

 

Total Liabilities

 

1,123,672

 

 

 

 

Non-controlling interest

 

13,962

Estimated fair value of net assets acquired

 

  $

 2,086,895