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Summary of Significant Accounting Policies (As Restated) (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Schedule of Finite-Lived Intangible Assets

Intangible lease assets and liabilities of the Company consist of the following as of December 31, 2013 and 2012 (amounts in thousands):

 

     December 31,  
     2013      2012  

Intangible lease assets:

     

In-place leases, gross

   $ 749,862       $ 219,649   

Accumulated amortization on in-place leases

     (60,753      (11,247
  

 

 

    

 

 

 

In-place leases, net of accumulated amortization

  689,109      208,402   
  

 

 

    

 

 

 

Above-market leases, gross

  9,351      1,504   

Accumulated amortization on above market leases

  (658   (118
  

 

 

    

 

 

 

Above-market leases, net of accumulated amortization

  8,693      1,386   

Leasing commissions

  382      347   

Accumulated amortization on leasing commissions

  (155   (109
  

 

 

    

 

 

 

Leasing commissions, net of accumulated amortization

  227      238   
  

 

 

    

 

 

 

Total intangible lease assets, net

$ 698,029    $ 210,026   
  

 

 

    

 

 

 

Intangible lease liabilities:

Below-market leases, gross

$ 77,884    $ —     

Accumulated amortization on below market leases

  (715   —     
  

 

 

    

 

 

 

Below-market leases, net of accumulated amortization

  77,169      —     
  

 

 

    

 

 

 

Total intangible lease liabilities, net

$ 77,169    $ —     
  

 

 

    

 

 

 

The following table provides the remaining weighted-average amortization period as of December 31, 2013 for intangible assets and liabilities, excluding the amortization of leasing commissions, and the projected amortization expense and adjustments to rental income for the next five years (amounts in thousands):

 

     Remaining
Weighted-Average
Amortization Period
in Years
     2014     2015     2016     2017     2018  

In-place leases:

             

Total to be included in amortization expense

     10.2       $ 81,139      $ 75,235      $ 69,915      $ 64,735      $ 62,560   

Above-market lease assets:

             

Total to be deducted from rental income

     11.9       $ 1,525      $ 1,525      $ 1,516      $ 1,388      $ 1,359   

Below-market lease liabilities:

             

Total to be included in rental income

     22.7       $ (4,173   $ (4,169   $ (4,151   $ (4,151   $ (4,144

 

Schedule of Share Repurchases

The following table reflects the number of shares repurchased for the years ended December 31, 2013, 2012 and 2011.

 

     Number of
Requests
     Number of
Shares
     Average Price
per Share
 

2011

     1         2,375       $ 10.00   

2012

     75         180,744         10.07   

2013

     11         4,956         24.98   
  

 

 

    

 

 

    

 

 

 

Cumulative repurchase requests as of December 31, 2013

  87      188,075    $ 10.46   
  

 

 

    

 

 

    

 

 

 
Merger Related Costs And Other Non-Routine Costs

Merger and other non-routine transaction related expenses include the following costs (amounts in thousands):

 

     Year Ended December 31,  
     2013
(As Restated)
     2012      2011  

Merger related costs:

        

Strategic advisory services

   $ 62,332       $ —         $ —     

Transfer taxes

     8,931         —           —     

Legal fees and expenses

     15,081         2,603         —     

Personnel costs and other reimbursements

     3,612         —           —     

Other fees and expenses

     8,450         —           —     

Other non-routine costs:

        

Post-transaction support services

     4,000         —           —     

Subordinated distribution fee

     98,360         —           —     

Furniture, fixtures and equipment

     5,800         —           —     

Legal fees and expenses

     950         —           —     

Personnel costs and other reimbursements

     2,546         —           —     

Other fees and expenses

     481         —           —     
  

 

 

    

 

 

    

 

 

 

Total

$ 210,543    $ 2,603    $ —