

							Initial Costs
Property	City	U.S. State or Country	Acquisition Date	Encumbrances at December 31, 2013			Land		Building and Improvements		Gross Amount at December 31, 2013⁽¹⁾⁽²⁾		Accumulated Depreciation ⁽³⁾⁽⁴⁾
McDonald's	Carlisle	UK	Oct. 2012	$	1,253		$	529	$	1,235	$	1,764	$	83
Wickes Building Supplies I	Blackpool	UK	May 2013	3,209			2,226		2,391		4,617		77
Everything Everywhere	Merthyr Tydfil	UK	Jun. 2013	6,596			4,535		2,886		7,421		81
Thames Water	Swindon	UK	Jul. 2013	9,894			4,535		5,359		9,894		108
Wickes Building Supplies II	Tunstall	UK	Jul. 2013	2,721			1,154		2,638		3,792		53
PPD Global Labs	Highland Heights	KY	Aug. 2013	—			2,001		6,002		8,003		108
Northern Rock	Sunderland	UK	Sep. 2013	8,657			1,649		5,772		7,421		93
Kulicke & Soffa	Fort Washington	PA	Sep. 2013	—			2,272		12,874		15,146		207
Wickes Building Supplies III	Clifton	UK	Nov. 2013	3,133			1,649		2,309		3,958		19
Con-way Freight	Aurora	NE	Nov. 2013	—			295		1,670		1,965		9
Con-way Freight	Grand Rapids	MI	Nov. 2013	—			945		1,417		2,362		7
Con-way Freight	Riverton	IL	Nov. 2013	—			344		804		1,148		4
Con-way Freight	Salina	KS	Nov. 2013	—			461		1,843		2,304		9
Con-way Freight	Uhrichsville	OH	Nov. 2013	—			380		886		1,266		5
Con-way Freight	Vincennes	IN	Nov. 2013	—			220		660		880		3
Con-way Freight	Waite Park	MN	Nov. 2013	—			366		681		1,047		3
Wolverine	Howard City	MI	Dec. 2013	—			753		14,308		15,061		—
Western Digital	San Jose	CA	Dec. 2013	18,541			9,021		16,729		25,750		—
Encanto	Baymon	PR	Dec. 2013	—		⁽⁵⁾	1,150		1,725		2,875		—
Encanto	Rio Piedras	PR	Dec. 2013	—		⁽⁵⁾	963		1,788		2,751		—
Encanto	San Juan	PR	Dec. 2013	—		⁽⁵⁾	153		612		765		—
Encanto	Rio Piedras	PR	Dec. 2013	—		⁽⁵⁾	505		1,179		1,684		—
Encanto	Carolina	PR	Dec. 2013	—		⁽⁵⁾	615		752		1,367		—
Encanto	San Juan	PR	Dec. 2013	—		⁽⁵⁾	389		1,168		1,557		—
Encanto	Caguas	PR	Dec. 2013	—		⁽⁵⁾	—		2,481		2,481		—
Encanto	Vega Baja	PR	Dec. 2013	—		⁽⁵⁾	822		1,527		2,349		—
Encanto	Ponce	PR	Dec. 2013	—		⁽⁵⁾	655		1,528		2,183		—
Encanto	Mayaguez	PR	Dec. 2013	—		⁽⁵⁾	410		957		1,367		—
Encanto	San Juan	PR	Dec. 2013	—		⁽⁵⁾	1,235		1,509		2,744		—
Encanto	Quebrada Arena	PR	Dec. 2013	—		⁽⁵⁾	843		1,566		2,409		—
Encanto	Puerto Neuvo	PR	Dec. 2013	—		⁽⁵⁾	—		782		782		—
Encanto	Ponce	PR	Dec. 2013	—		⁽⁵⁾	600		1,399		1,999		—
Encanto	Carolina	PR	Dec. 2013	—		⁽⁵⁾	1,840		2,761		4,601		—
Encanto	San German	PR	Dec. 2013	—		⁽⁵⁾	391		726		1,117		—
Encanto	Guayama	PR	Dec. 2013	—		⁽⁵⁾	673		822		1,495		—
Encanto	Toa Baja	PR	Dec. 2013	—		⁽⁵⁾	68		616		684		—
Encumbrances allocated based on note below				22,900
Total				$	76,904		$	44,647	$	104,362	$	149,009	$	869

___________________________________


(1)	Acquired intangible lease assets allocated to individual properties in the amount of $47.9 million are not reflected in the table above.


(2)	The tax basis of aggregate land, buildings and improvements as of December 31, 2013 is $194.7 million.


(3)	The accumulated depreciation column excludes approximately $1.4 million of amortization associated with acquired intangible lease assets.


(4)	Each of the properties has a depreciable life of: 40 years for buildings, 15 years for improvements and five years for fixtures.


(5)	These properties collateralize a mortgage note payable of which $22.9 million was outstanding as of December 31, 2013.

A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2013 and 2012:



	December 31,
	2013		2012
Real estate investments, at cost:
Balance at beginning of year	$	1,729	$	—
Additions-Acquisitions	147,245		1,729
Currency translation adjustment	35		—
Balance at end of the year	$	149,009	$	1,729

Accumulated depreciation and amortization:
Balance at beginning of year	$	12	$	—
Depreciation expense	837		12
Currency translation adjustment	20		—
Balance at end of the year	$	869	$	12