Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

					Initial Cost to Company				Cost Capitalized Subsequent to Acquisition		Gross Carrying Amount at December 31, 2016										Life on which depreciation in latest income statement is computed
Property	Property Type	ST	Encumbrances		Land		Building and Improvements (1)				Land		Building and Improvements		Total		Accumulated Depreciation and Amortization		Date of Construction	Date of Acquisition
Owens Corning	Industrial	NC	$	3,300,000	$	575,000	$	5,166,626	$	—	$	575,000	$	5,166,626	$	5,741,626	$	313,103	N/A	3/9/2015	5-40 years
Westgate II	Office	TX	34,200,000		3,732,053		55,101,476		—		3,732,053		55,101,476		58,833,529		4,134,011		N/A	4/1/2015	5-40 years
Administrative Office of Pennsylvania Courts	Office	PA	6,070,000		1,207,000		8,936,000		—		1,207,000		8,936,000		10,143,000		625,641		N/A	4/22/2015	5-40 years
American Express Center	Data Center/Office	AZ	54,900,000		5,750,000		113,670,000		—		5,750,000		113,670,000		119,420,000		11,016,228		N/A	5/11/2015	5-40 years
MGM Corporate Center	Office	NV	18,180,000		4,260,342		28,704,658		—		4,260,342		28,704,658		32,965,000		2,084,317		N/A	5/27/2015	5-40 years
American Showa	Industrial	OH	10,320,000		1,452,649		15,747,351		—		1,452,649		15,747,351		17,200,000		907,536		N/A	5/28/2015	5-40 years
Huntington Ingalls	Industrial	VA	(2)		5,415,000		29,836,000		—		5,415,000		29,836,000		35,251,000		1,675,105		N/A	6/26/2015	5-40 years
Wyndham	Office	NJ	(2)		5,695,816		76,531,589		—		5,695,816		76,531,589		82,227,405		3,981,852		N/A	6/26/2015	5-40 years
Exel	Distribution Center	OH	(2)		1,988,200		13,958,000		—		1,988,200		13,958,000		15,946,200		878,556		N/A	6/30/2015	5-40 years
Morpho Detection	Office	MA	(2)		2,350,000		9,482,000		—		2,350,000		9,482,000		11,832,000		680,636		N/A	7/1/2015	5-40 years
FedEx Freight	Industrial	OH	(2)		2,774,000		25,913,000		—		2,774,000		25,913,000		28,687,000		1,379,537		N/A	7/22/2015	5-40 years
Aetna	Office	AZ	(2)		1,852,514		20,480,575		—		1,852,514		20,480,575		22,333,089		731,750		N/A	7/29/2015	5-40 years
Bank of America I	Office	CA	(2)		5,491,000		23,514,000		70,926		5,491,000		23,584,926		29,075,926		2,159,816		N/A	8/14/2015	5-40 years
Bank of America II	Office	CA	(2)		9,206,000		20,204,000		—		9,206,000		20,204,000		29,410,000		2,134,340		N/A	8/14/2015	5-40 years
Atlas Copco	Office	MI	(2)		1,480,000		16,490,000		—		1,480,000		16,490,000		17,970,000		904,846		N/A	10/1/2015	5-40 years
Toshiba TEC	Office	NC	(2)		4,130,000		36,820,748		—		4,130,000		36,820,748		40,950,748		1,309,377		N/A	1/21/2016	5-40 years

NETGEAR	Office	CA	(2)		20,725,500		25,886,500		—		20,725,500		25,886,500		46,612,000		827,046		N/A	5/17/2016	5-40 years
Nike	Office	OR	(2)		5,988,000		42,397,000		9,067		5,988,000		42,406,067		48,394,067		1,623,982		N/A	6/16/2016	5-40 years
Zebra Technologies	Office	IL	(2)		5,238,441		56,525,559		—		5,238,441		56,525,559		61,764,000		1,001,005		N/A	8/1/2016	5-40 years
WABCO	Industrial	SC	(2)		1,301,500		12,598,000		—		1,301,500		12,598,000		13,899,500		156,888		N/A	9/14/2016	5-40 years
IGT	Office	NV	(2)		6,324,766		64,441,234		40,000		6,324,766		64,481,234		70,806,000		561,289		N/A	9/27/2016	5-40 years
3M	Industrial	IL	(2)		5,320,224		62,247,035		—		5,320,224		62,247,035		67,567,259		388,889		N/A	10/25/2016	5-40 years
Amazon	Industrial	OH	(2)		5,331,439		85,769,741		—		5,331,439		85,769,741		91,101,180		312,452		N/A	11/18/2016	5-40 years
Zoetis	Office	NJ	(2)		3,374,660		42,264,682		—		3,374,660		42,264,682		45,639,342		73,507		N/A	12/16/2016	5-40 years
Southern Company	Office	AL	(2)		6,605,387		122,680,097		—		6,605,387		122,680,097		129,285,484		93,062		N/A	12/21/2016	5-40 years
Total			$	126,970,000	$	117,569,491	$	1,015,365,871	$	119,993	$	117,569,491	$	1,015,485,864	$	1,133,055,355	$	39,954,771

(1) Amounts include intangibles.

(2) The acquisitions were funded by the credit facility.

(3) As of December 31, 2016, the aggregate cost of real estate the Company and consolidated subsidiaries own for federal income tax purposes was approximately $1.1 billion (unaudited).

	Activity for the year ended December 31,
	2016		2015
Real estate facilities
Balance at beginning of year	$	516,964,849	$	—
Acquisitions	615,970,513		516,964,849
Improvements	40,000		—
Construction-in-progress	79,993		—
Balance at end of year	$	1,133,055,355	$	516,964,849
Accumulated depreciation
Balance at beginning of year	$	12,060,635	$	—
Depreciation and amortization expense	27,894,136		12,060,635
Balance at end of year	$	39,954,771	$	12,060,635
Real estate facilities, net	$	1,093,100,584	$	504,904,214