Preferred and Common Stock (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Common Stock Offerings

The following are the Company's equity offerings of common stock during the nine months ended September 30, 2013 (dollar amounts in millions):

Type of offering	Closing Date		Number of Shares(1)		Gross Proceeds
Registered follow on offering		January 29, 2013		2,070,000	$	26.7
ATM		January 1 - September 30, 2013		553,300		8.9
Private placement offering		June 7, 2013		29,411,764		455.0
Dividends paid in common stock(2)		August 5, 2013		1,157		-
Total				32,036,221	$	490.6

The following are the Company's public equity offerings of common stock (dollar amounts in millions) since inception through March 31, 2013:

Type of offering	Closing Date		Number of Shares		Gross Proceeds
IPO		September 7, 2011		5,574,131	$	67.4
Follow on offering		November 2, 2011		1,497,924		15.8
Underwriters' over allotment		November 7, 2011		74,979		0.8
Follow on offering		June 18, 2012		3,250,000		30.3
Underwriters' over allotment		July 9, 2012		487,500		4.6
Follow on offering		January 29, 2013		2,070,000		26.7
ATM		January 1 - March 31, 2013		61,000		0.8
Total				13,015,534	$	146.4

Schedule of Dividends Authorized and Paid

The Company's board of directors has authorized, and the Company began paying, dividends since October 2011 on the fifteenth day of each month to stockholders of record on the eighth day of such month. During the nine months ended September 30, 2013, the board of directors of the Company has authorized the following increases in the Company's dividend.

Dividend increase declaration date	Annualized dividend per share		Effective date
March 17, 2013	$	0.91		June 8, 2013
May 28, 2013	$	0.94		December 8, 2013*
October 23, 2013	$	1.00		**

* The dividend increase became effective at the close of the CapLease Merger, which consummated on November 5, 2013.

** The dividend increase is contingent upon, and effective with, the close of the Cole Merger.

The Company's board of directors has authorized, and the Company began paying, dividends since October 2011 on the fifteenth day of each month to stockholders of record on the eight day of such month. Since October 2011, the board of directors of the Company has authorized the following increases in the Company's dividend.

Dividend increase declaration date	Annualized dividend per share		Effective date
September 7, 2011	$	0.8750		October 9, 2011
February 27, 2012	$	0.8800		March 9, 2012
March 16, 2012	$	0.8850		June 9, 2012
June 27, 2012	$	0.8900		September 9, 2012
September 30, 2012	$	0.8950		November 9, 2012
November 29, 2012	$	0.9000		February 9, 2013
March 17, 2013	$	0.9100		June 8, 2013