Subsequent Events

12 Months Ended

Dec. 31, 2011

The Company has evaluated subsequent events through the filing of this Form 10-K, and determined that there have been no events that have occurred that would require adjustments to our disclosures in the consolidated financial statements except for the following:

Completion of Acquisitions of Assets

The following table presents certain information about the properties that the Company acquired from January 1, 2012 to March 1, 2012 (dollar amounts in thousands):



	No. of Buildings	Square Feet	Base Purchase Price ⁽¹⁾
Total Portfolio – December 31, 2011 ⁽²⁾	88	996,012	$	136,872
Acquisitions	2	27,129	8,628
Total portfolio – March 1, 2012 ⁽²⁾	90	1,023,141	$	145,500

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⁽¹⁾	Contract purchase price, excluding acquisition and transaction related costs.


⁽²⁾	Total portfolio excludes 2 vacant properties contributed in September 2011 which were classified as held for sale at December 31, 2011. The aggregate square footage and base purchase price of these vacant properties was 6,800 and $2.9 million, respectively.

The acquisitions made subsequent to December 31, 2011 were made in the normal course of business and none were individually significant to the total portfolio.

Financings

In January 2012, the Company received proceeds of $7.2 million from advances on the senior secured revolving credit facility in order to finance 3 properties. As of March 1, 2012, there was $49.6 million outstanding on this facility.

In March 2012, RBS Citizens approved a request by the Company to add two one-year extensions to the senior secured revolving credit facility. Each extension will be subject to customary requirements, including written notice of intent, no defaults and payment of an extension fee.