PROPERTY ACQUISITIONS

6 Months Ended

Jun. 30, 2012

PROPERTY ACQUISITIONS

PROPERTY ACQUISITIONS

5.PROPERTY ACQUISITIONS

The following table summarizes the Company’s acquisitions of operating properties for the six months ended June 30, 2012, and does not include improvements made to existing assets:

			Consideration Paid									Acquisition Date Fair Value
Property Location	Number of Properties	Date of Acquisition	Total Paid		Cash Paid		Net Liabilities/ (Assets) Assumed		Value of OP Units Issued		Number of OP Units Issued	Land		Building		Intangible		Closing costs - expensed		Source of Acquisition
Texas	1	2/29/2012	$	9,405	$	9,323	$	82	$	—	—	$	1,036	$	8,133	$	187	$	49	Unrelated third party
Maryland	1	3/7/2012	6,284		5,886		21		377		14,193	465		5,600		128		91		Unrelated third party
Florida	3	5/2/2012	14,942		14,792		150		—		—	1,933		12,682		321		6		Unrelated third party
Maryland	1	5/31/2012	6,501		6,438		11		52		1,814	1,185		5,051		147		118		Unrelated third party