XML 16 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments in Real Estate (Details) (USD $)
3 Months Ended
Mar. 31, 2013
item
sqft
Mar. 31, 2012
Investments in real estate properties    
Leasable square feet 53,700,000  
Number of investments in properties that caused any tenant to be 10% of more of total assets 0  
Contingent consideration associated with acquisition $ 0  
Total revenue 171,695,000 112,305,000
Income from continuing operations 32,333,000 37,047,000
Building and tenant improvements included in capitalized costs on existing properties (1,678,000) (1,059,000)
In-place lease, depreciation and amortization to expense 15,000,000 3,300,000
Net (increase) decrease to rental income for capitalized above market and below market leases 565,000 483,000
Net decrease to rental revenue    
2013 (2,097,000)  
2014 (2,871,000)  
2015 (2,815,000)  
2016 (2,807,000)  
2017 (2,793,000)  
Thereafter (10,584,000)  
Totals (23,967,000)  
Increase to amortization expense    
2013 53,635,000  
2014 71,041,000  
2015 70,163,000  
2016 69,965,000  
2017 69,276,000  
Thereafter 387,477,000  
Totals 721,557,000  
Pro Forma
   
Increase to amortization expense    
Estimated merger-related costs 11,500,000  
Pro Forma Information    
Total revenue 182,900,000 159,200,000
Income from continuing operations 47,300,000 32,100,000
ARCT
   
Investments in real estate properties    
Investments in properties 3,200,000,000  
Number of properties 515  
Number of states in which properties are located 44  
Leasable square feet 16,000,000  
Leased area (as a percent) 100.00%  
Weighted average lease term 12 years 2 months 12 days  
Number of tenants 69  
Number of industries in which tenants operate 28  
Acquisition transaction costs 12,000,000  
Maximum
   
Investments in real estate properties    
Investments to any one tenant as a percentage of total assets 10.00%  
New properties and properties under development or expansion
   
Investments in real estate properties    
Investments in properties 128,400,000 10,700,000
Number of properties 27 11
Initial weighted average contractual lease rate of properties acquired (as a percent) 7.90% 9.00%
Number of states in which properties are located 16 6
Leasable square feet 477,000 34,000
Leased area (as a percent) 100.00% 100.00%
Weighted average lease term 13 years 9 months 18 days 15 years 2 months 12 days
Acquisition transaction costs 143,000 242,000
New properties
   
Investments in real estate properties    
Number of properties 27  
Number of industries in which tenants operate 7  
Aggregate acquisitions
   
Investments in real estate properties    
Investments in properties 3,300,000,000  
Number of properties 529  
Land recorded related to acquisition 455,200,000  
Buildings and improvements recorded 2,280,000,000  
Intangible assets recorded 626,400,000  
Other assets recorded 9,400,000  
Intangible and assumed liabilities recorded 104,700,000  
Premiums recorded upon assumption of mortgages 26,800,000  
Total revenue 36,500,000  
Income from continuing operations 6,400,000  
Amount of investment allocated by estimate 3,200,000,000  
Amount of investment previously allocated by estimate finalized during the period 106,400,000  
Investments in Existing Properties
   
Investments in real estate properties    
Total capitalized costs on existing properties 1,700,000 1,100,000
Re-leasing costs included in capitalized costs on existing properties 413,000 266,000
Building and tenant improvements included in capitalized costs on existing properties 1,300,000 793,000
Real estate investments with existing leases
   
Investments in real estate properties    
Investments in properties 3,200,000,000  
Number of properties 524  
Intangible value of the in-place leases acquired 530,000,000  
Intangible value of above-market leases acquired 96,400,000  
Intangible value of below-market leases acquired $ 77,900,000