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Real Estate Properties (Tables)
3 Months Ended
Mar. 31, 2016
Real Estate Properties  
Schedule of real estate property acquisition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

    

    

    

 

 

    

    

    

Cash Paid

    

    

 

    

    

 

    

    

 

    

Acquired

    

    

 

    

    

 

 

 

 

 

 

Number

 

Number

 

 

 

plus

 

 

 

 

 

 

 

Acquired

 

Real Estate

 

 

 

 

Premium

 

 

 

 

 

of

 

of

 

Square

 

Assumed

 

 

 

 

Buildings and

 

Real Estate

 

Lease

 

Assumed

 

on Assumed

 

Date

 

Location

 

Properties

 

Buildings

 

Feet (000’s)

 

Debt (1)

 

Land

 

Improvements

 

Leases (2)

 

Obligations (2)

 

Debt

 

Debt

 

Feb-16

 

Minnesota

 

 1

 

 3

 

128

 

$

22,700

 

$

4,074

 

$

15,223

 

$

5,163

 

$

(1,760)

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 1

 

 3

 

128

 

$

22,700 

 

$

4,074 

 

$

15,223

 

$

5,163

 

$

(1,760)

 

$

 —

 

$

 —

 

 


(1)

This amount includes the cash we paid plus the debt we assumed, if any, as well as various closing settlement adjustments, but excludes closing costs. 

(2)

The weighted average amortization periods for acquired lease intangible assets and assumed real estate lease obligations were 6.4 years and 7.3 years, respectively.