American Realty Capital Trust, Inc. (ARCT) (Tables)

9 Months Ended

Sep. 30, 2013

American Realty Capital Trust, Inc. (ARCT)

Schedule of preliminary allocation of the purchase price

The preliminary allocation of the purchase price reflects aggregate consideration of approximately $2.1 billion, as calculated below (in thousands):

Consideration associated with equity issued (1)	$	2,027,753
Cash consideration paid to previous owners of ARCT	56,216
Total purchase consideration	$	2,083,969

(1) Includes the value associated with the issuance of the Tau Operating Partnership units discussed in 4.C. below.

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

The following table summarizes our preliminary purchase price allocation, which represents our current best estimate of acquisition date fair values of the assets acquired and liabilities assumed (in thousands):

Assets:
Real estate	$	2,672,053
Acquired lease intangible assets	562,339
Cash and cash equivalents, accounts receivable, and other assets, net	42,275
Total Assets	3,276,667
Liabilities:
Lines of credit payable	317,207
Term loan	235,000
Mortgages payable	538,960
Acquired lease intangible liabilities	78,711
Accounts payable, accrued expenses, and other liabilities, net	22,820
Total Liabilities	1,192,698
Estimated fair value of net assets acquired	$	2,083,969