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Real Estate Investments (Tables)

12 Months Ended

Dec. 31, 2012

The following table presents the allocation of the assets acquired during the years ended December 31, 2012 and 2011 (dollar amounts in thousands). There were no assets acquired during the period from October 15, 2010 (date of inception) to December 31, 2010.



	Year Ended December 31,
	2012		2011
Real estate investments, at cost:
Land	$	208,061	$	7,135
Buildings, fixtures and improvements	1,076,211		54,585
Total tangible assets	1,284,272		61,720
Acquired intangibles:
In-place leases	173,086		10,733
Cash paid for acquired real estate investments, at cost	$	1,457,358	$	72,453
Number of properties purchased	466		41

Schedule of Real Estate Properties

The following table reflects the number and related aggregate purchase price of properties acquired during the years ended December 31, 2012 and 2011 (dollar amounts in thousands):

____________________________


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


(2)	Buildings, fixtures and improvements have been provisionally allocated for two properties with and aggregate purchase price $183.9 million of pending receipt of the cost segregation analyses on such assets being prepared by a third party specialist.

Business Acquisition, Pro Forma Information [Table Text Block]

The following table presents unaudited pro forma information as if the acquisitions during the year ended December 31, 2012 had been consummated on October 15, 2010 (date of inception). Additionally, the unaudited pro forma net income (loss) attributable to stockholders was adjusted to reclass $36.6 million of acquisition and transaction related expenses from the year ended December 31, 2012 to the period from October 15, 2010 (date of inception) to December 31, 2010.



	Year Ended December 31,				Period from October 15, 2010 (Date of Inception) to December 31, 2010
(In thousands)	2012		2011
Pro forma revenues	$	123,309	$	120,569	$	25,057
Pro forma net income (loss) attributable to stockholders	$	28,640	$	26,328	$	(29,884	)

Schedule of Future Minimum Rental Payments for Operating Leases

The following table presents future minimum base rent payments on a cash basis due to the Company over the next five years and thereafter for the properties the Company owned as of December 31, 2012. These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items.



(In thousands)	Future Minimum Base Rent Payments
2013	$	117,087
2014	117,632
2015	118,139
2016	118,771
2017	119,650
Thereafter	905,526
Total	$	1,496,805

Schedule of Annualized Rental Income by Major Tenants

f December 31, 2012 and 2011. Annualized rental income for net leases is rental income on a straight-line basis as of December 31, 2012, which includes the effect of tenant concessions such as free rent, as applicable. The Company did not own any properties as of December 31, 2010.



Tenant	December 31, 2012	December 31, 2011
Dollar General	13.4%	43.4%
FedEx	11.1%	16.2%
Walgreens	*	27.9%

____________________________

* The tenant's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties on a straight-line basis as of the period specified

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table lists the states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income on a straight-line basis as of December 31, 2012 and 2011:



State	December 31, 2012	December 31, 2011
Illinois	12.5%	*
Texas	*	14.7%
Montana	*	12.2%

____________________________

* The state's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties on a straight-line basis as of the period specified.

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References+ Details

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph F4

-Subparagraph e

-Appendix F

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 52

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References+ Details

Number of Properties

Base Purchase Price ⁽¹⁾

Year ended December 31, 2011

Year ended December 31, 2012 ⁽²⁾

Total portfolio as of December 31, 2012