Summary of Significant Accounting Policies (As Restated) (Tables)

3 Months Ended

Mar. 31, 2014

The following summarizes the Company’s goodwill activity during the three months ended March 31, 2014 by segment (in thousands):


	REI Segment			Cole Capital		Consolidated
Balance as of January 1, 2014	$	92,789		$	—	$	92,789
Cole Merger ⁽¹⁾		1,654,085			558,835		2,212,920
Goodwill allocated to dispositions ⁽²⁾		(7,032	)		—		(7,032	)

Balance as of March 31, 2014	$	1,739,842		$	558,835	$	2,298,677

(1)

Goodwill recognized from the Cole Merger was assigned to the REI segment and Cole Capital based on the excess consideration paid over the fair value of the assets and liabilities acquired and assumed in each segment. Refer to Note 5 — Acquisitions of CapLease and Cole (As Restated) for further discussion.

(2)	Goodwill allocated to the cost basis of properties sold or classified as held for sale is included in loss on held for sale assets and disposition of properties, net, in the consolidated statement of operations.

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


	Three Months Ended March 31,
	2014 (As Restated)		2013 (As Restated)
Merger related costs:
Strategic advisory services	$	32,615		10,299
Transfer taxes		5,109		1,085
Legal fees and expenses		2,984		1,680
Multi-tenant spin off		2,321
Other fees and expenses		1,330		2,865
Personnel costs and other reimbursements		751		384
Other non-routine costs:
Subordinated distribution fees		78,244		98,360
Post-transaction support services		14,251		2,000
Furniture, fixtures and equipment		14,085		5,800
Legal fees and expenses		1,826		950
Personnel costs and other reimbursement		2,443
Other fees and expenses		4,339		145

Total	$	160,298	$	123,568