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American Realty Capital Trust, Inc. (ARCT) (Details) (USD $)
3 Months Ended 0 Months Ended 2 Months Ended 3 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Jan. 22, 2013
Tau Operating Partnership, L.P.
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Mar. 31, 2013
Tau Operating Partnership, L.P.
Mar. 31, 2013
ARCT
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Jan. 22, 2013
ARCT
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Dec. 31, 2012
ARCT
Acquisition of American Realty Capital Trust, Inc.              
Transaction value           $ 3,200,000,000  
Cash paid for common stock on acquisition (in dollars per share)           $ 0.35  
Common stock conversion ratio           0.2874  
Repayment of amount outstanding under ARCT's revolving credit facility and term loan           552,900,000  
Number of properties added to portfolio           515  
Preliminary purchase price of the ARCT acquisition              
Consideration associated with equity issued           2,027,753,000  
Cash consideration paid to previous owners of ARCT           56,216,000  
Total preliminary purchase consideration           2,083,969,000  
Assets:              
Real estate         2,621,747,000 2,621,747,000  
Acquired lease intangible assets           611,650,000  
Cash and cash equivalents, accounts receivable, and other assets, net         21,100,000 42,570,000  
Total Assets           3,275,967,000  
Liabilities:              
Lines of credit payable         317,207,000 317,207,000  
Term loan         235,000,000 235,000,000  
Mortgage notes payable         539,000,000 538,960,000  
Acquired lease intangible liabilities         76,000,000 76,041,000  
Accounts payable, accrued expenses, and other liabilities, net         24,790,000 24,790,000  
Total Liabilities           1,191,998,000  
Estimated fair value of net assets acquired           2,083,969,000  
Transaction Costs              
Estimated total merger-related transaction costs         20,000,000    
Total merger-related transaction costs         12,000,000   7,900,000
Number of properties     515   515    
Ownership interest represented by the partnership units issued           0.7058%  
Partnership units, ownership interest (as a percent)           99.2942%  
Conversion ratio 1            
Payment rate per annum (as a percent)     2.00%        
Carrying value of preferred units 6,750,000     6,750,000      
Change in the carrying value of common units classified as noncontrolling interest              
Fair value of units issued at beginning of the period       13,962,000      
Distributions 115,000     (173,000)      
Allocation of net income (9,000)     9,000      
Carrying value at end of the period $ 13,798,000   $ 13,962,000 $ 13,798,000      
Common stock issued to shareholders 196,226,594 133,452,411       45,573,144  
Closing price of common stock (in dollars per share)           $ 44.04