XML 28 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Real Estate Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Schedule of recognized identified assets acquired and liabilities assumed
The following table summarizes the purchase price allocation (in thousands):
 
June 30, 2013
Land
$
172,326

Building and improvements
465,897

Acquired in-place leases
81,243

Acquired above market leases
14,594

Acquired below market leases
(16,324
)
Total purchase price
$
717,736

The following table summarizes the purchase price allocation (in thousands):
 
June 30, 2014
Land
$
141,754

Building and improvements
447,413

Acquired in-place leases
38,266

Acquired above market leases
6,011

Acquired below market leases
(8,709
)
Fair value adjustment of assumed notes payable
(765
)
Total purchase price
$
623,970
Business acquisition, pro forma information
The table below presents the Company’s estimated revenue and net income (loss), on a pro forma basis, for the three and six months ended June 30, 2014 and 2013 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Pro forma basis:
 
 
 
 
 
 
 
Revenue
$
61,643

 
$
34,860

 
$
122,991

 
$
59,030

Net income (loss)
$
17,286

 
$
(12,097
)
 
$
35,158

 
$
(35,356
)
The table below presents the Company’s estimated revenue and net income (loss), on a pro forma basis, for the three and six months ended June 30, 2013 and 2012 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Pro forma basis:
 
 
 
 
 
 
 
Revenue
$
26,406

 
$
16,540

 
$
52,706

 
$
32,392

Net income (loss)
$
6,605

 
$
(293
)
 
$
15,234

 
$
(16,849
)