|
333-145949
|
71-1036989
|
|
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
|
|
106 Old York Road
Jenkintown, PA
|
19046
|
|
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
|
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
o
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
|
Acquisition/
|
Remaining
|
Base
|
Annualized
|
|||||||||||||||||||
|
Disposal
|
No. of
|
Square
|
Ownership
|
Lease
|
Purchase
|
Capitalization
|
Rental
|
|||||||||||||||
|
Property
|
Date
|
Buildings
|
Feet
|
Percentage
|
Term(1)
|
Price(2)
|
Rate(3)
|
Income/NOI(4)
|
||||||||||||||
|
2008 Acquisitions
|
||||||||||||||||||||||
|
FedEx
|
Mar. 2008
|
1
|
55,440
|
51
|
%
|
7.0
|
$
|
9,694
|
7.53
|
%
|
$
|
730
|
||||||||||
|
First Niagara
|
Mar. 2008
|
15
|
177,774
|
100
|
%
|
11.1
|
40,976
|
7.48
|
%
|
3,099
|
||||||||||||
|
Rockland Trust
|
May-08
|
18
|
121,057
|
100
|
%
|
9.7
|
32,188
|
7.86
|
%
|
2,530
|
||||||||||||
|
PNC Bank (5)
|
Sep. &
|
2
|
8,403
|
59
|
%
|
17.2
|
6,664
|
8.21
|
%
|
547
|
||||||||||||
|
Oct. 2008
|
||||||||||||||||||||||
|
Rite Aid
|
Sep. 2008
|
6
|
74,919
|
100
|
%
|
11.6
|
18,576
|
7.79
|
%
|
1,447
|
||||||||||||
|
PNC
|
Nov. 2008
|
48
|
264,196
|
100
|
%
|
7.0
|
40,925
|
7.36
|
%
|
3,013
|
||||||||||||
|
90
|
701,789
|
149,023
|
11,366
|
|||||||||||||||||||
|
2009 Acquisitions
|
||||||||||||||||||||||
|
FedEx II
|
Jul. 2009
|
1
|
152,640
|
100
|
%
|
11.9
|
31,692
|
8.84
|
%
|
2,803
|
||||||||||||
|
Walgreens
|
Jul. 2009
|
1
|
14,820
|
56
|
%
|
20.6
|
3,818
|
8.12
|
%
|
310
|
||||||||||||
|
CVS (6) (7)
|
Sep. 2009 &
|
10
|
131,105
|
86
|
%
|
22.3
|
44,371
|
8.37
|
%
|
3,713
|
||||||||||||
|
Sep. 2010
|
||||||||||||||||||||||
|
CVS II
|
Nov. 2009
|
15
|
198,729
|
100
|
%
|
22.6
|
59,788
|
8.48
|
%
|
5,071
|
||||||||||||
|
Home Depot
|
Dec. 2009
|
1
|
465,600
|
100
|
%
|
18.1
|
23,532
|
9.31
|
%
|
2,192
|
||||||||||||
|
BSFS
|
Dec. 2009
|
6
|
57,336
|
100
|
%
|
12.5
|
15,041
|
9.24
|
%
|
1,390
|
||||||||||||
|
& Jan. 2010
|
||||||||||||||||||||||
|
Advance Auto
|
Dec. 2009
|
1
|
7,000
|
100
|
%
|
10.0
|
1,730
|
9.25
|
%
|
160
|
||||||||||||
|
35
|
1,027,230
|
179,972
|
15,639
|
|||||||||||||||||||
|
2010 Acquisitions
|
||||||||||||||||||||||
|
Fresenius
|
Jan. 2010
|
2
|
140,000
|
100
|
%
|
10.7
|
12,183
|
9.3
|
%
|
1,159
|
||||||||||||
|
Reckitt Benckiser
|
Feb. 2010
|
1
|
574,106
|
85
|
%
|
10.2
|
31,100
|
8.41
|
%
|
2,668
|
||||||||||||
|
Jack in the Box
|
Feb. 2010
|
5
|
12,253
|
100
|
%
|
18.3
|
9,755
|
7.8
|
%
|
781
|
||||||||||||
|
& Apr. 2010
|
||||||||||||||||||||||
|
BSFS II (8)
|
Feb. &
|
12
|
93,599
|
74
|
%
|
12.1
|
25,902
|
8.7
|
%
|
2,299
|
||||||||||||
|
Mar. 2010
|
||||||||||||||||||||||
|
FedEx III
|
Apr. 2010
|
1
|
118,796
|
85
|
%
|
9.6
|
33,500
|
9.03
|
%
|
3,087
|
||||||||||||
|
Jared Jewelry
|
May 2010
|
3
|
19,534
|
90
|
%
|
17.2
|
5,342
|
12.44
|
%
|
679
|
||||||||||||
|
Walgreens II
|
May 2010
|
1
|
14,820
|
100
|
%
|
21.4
|
5,593
|
7.97
|
%
|
453
|
||||||||||||
|
IHOP
|
May 2010
|
1
|
5,172
|
100
|
%
|
14.3
|
2,398
|
8.22
|
%
|
201
|
||||||||||||
|
Advance Auto II
|
Jun. 2010
|
3
|
19,253
|
100
|
%
|
11.6
|
3,583
|
8.38
|
%
|
308
|
||||||||||||
|
Super Stop &
|
Jun. 2010
|
1
|
59,032
|
100
|
%
|
11.3
|
23,350
|
8.18
|
%
|
1,946
|
||||||||||||
|
Shop
|
||||||||||||||||||||||
|
IHOP II
|
Jun. 2010
|
1
|
4,139
|
100
|
%
|
10.3
|
2,255
|
8.87
|
%
|
204
|
||||||||||||
|
IHOP III
|
Jun. 2010
|
1
|
5,111
|
100
|
%
|
19.7
|
3,254
|
9.13
|
%
|
303
|
||||||||||||
|
Jared Jewelry II
|
Jun. 2010
|
1
|
6,157
|
100
|
%
|
15.2
|
1,589
|
12.78
|
%
|
209
|
||||||||||||
|
Jack in the Box II
|
Jun. 2010
|
6
|
14,975
|
100
|
%
|
18.6
|
11,150
|
7.83
|
%
|
892
|
||||||||||||
|
Walgreens III
|
Jun. 2010
|
1
|
13,386
|
100
|
%
|
22.4
|
4,968
|
7.61
|
%
|
385
|
||||||||||||
|
Dollar General
|
Jul. 2010
|
1
|
8,988
|
100
|
%
|
13.0
|
1,200
|
9.61
|
%
|
118
|
||||||||||||
|
Tractor Supply
|
Jul. &
|
4
|
76,038
|
100
|
%
|
13.5
|
10,892
|
8.98
|
%
|
978
|
||||||||||||
|
Aug. 2010
|
||||||||||||||||||||||
|
Advance Auto III
|
Jul. 2010
|
3
|
19,752
|
100
|
%
|
11.7
|
4,287
|
8.35
|
%
|
358
|
||||||||||||
|
CSAA/CVS
|
Aug. 2010
|
1
|
15,214
|
100
|
%
|
21.2
|
4,859
|
7.24
|
%
|
352
|
||||||||||||
|
Acquisition/
|
Remaining
|
Base
|
Annualized
|
|||||||||||||||||||
|
Disposal
|
No. of
|
Square
|
Ownership
|
Lease
|
Purchase
|
Capitalization
|
Rental
|
|||||||||||||||
|
Property
|
Date
|
Buildings
|
Feet
|
Percentage
|
Term(1)
|
Price(2)
|
Rate(3)
|
Income/NOI(4)
|
||||||||||||||
|
2010 Acquisitions (continued)
|
||||||||||||||||||||||
|
CSAA/First Fifth Bank (9)
|
Aug. 2010
|
2
|
8,252
|
100
|
%
|
16.3
|
6,199
|
8.39
|
%
|
520
|
||||||||||||
|
CSAA/Walgreens
|
Aug. 2010
|
5
|
84,263
|
100
|
%
|
21.2
|
26,864
|
7.3
|
%
|
1,961
|
||||||||||||
|
CSAA/Chase Bank (9)
|
Aug. 2010
|
2
|
8,030
|
100
|
%
|
25.4
|
6,496
|
9.3
|
%
|
604
|
||||||||||||
|
CSAA/Home Depot (9)
|
Sep. 2010
|
1
|
107,965
|
100
|
%
|
16.2
|
8,720
|
7.12
|
%
|
621
|
||||||||||||
|
IHOP IV
|
Sep. 2010
|
19
|
87,009
|
100
|
%
|
13.0
|
30,000
|
9.44
|
%
|
2,833
|
||||||||||||
|
O’Reilly Auto
|
Sep. 2010
|
1
|
9,500
|
100
|
%
|
8.3
|
2,450
|
8.73
|
%
|
214
|
||||||||||||
|
Walgreens IV
|
Sep. 2010
|
1
|
14,477
|
100
|
%
|
23.4
|
6,439
|
7.75
|
%
|
499
|
||||||||||||
|
Walgreens V
|
Sep. 2010
|
1
|
13,580
|
100
|
%
|
22.2
|
4,767
|
7.95
|
%
|
379
|
||||||||||||
|
Kum & Go
|
Sep. 2010
|
14
|
67,310
|
100
|
%
|
13.4
|
22,515
|
9.21
|
%
|
2,074
|
||||||||||||
|
FedEx IV
|
Sep. 2010
|
1
|
43,762
|
100
|
%
|
8.7
|
3,576
|
8.28
|
%
|
296
|
||||||||||||
|
AutoZone
|
Sep. 2010
|
4
|
28,880
|
100
|
%
|
14.7
|
10,228
|
8.4
|
%
|
859
|
||||||||||||
|
Brownshoe
|
Oct. 2010
|
1
|
351,723
|
100
|
%
|
18.1
|
23,849
|
9.89
|
%
|
2,358
|
||||||||||||
|
Payless
|
Oct. 2010
|
1
|
801,651
|
100
|
%
|
13.4
|
44,924
|
9.37
|
%
|
4,211
|
||||||||||||
|
Saint Joseph’s Mercy Medical
|
Oct. 2010
|
3
|
46,706
|
100
|
%
|
12.3
|
9,838
|
7.79
|
%
|
766
|
||||||||||||
|
Advance Auto IV
|
Nov. 2010
|
1
|
6,124
|
100
|
%
|
13.8
|
1,270
|
8.35
|
%
|
106
|
||||||||||||
|
Kum and Go II
|
Nov. 2010
|
2
|
8,008
|
100
|
%
|
19.0
|
2,895
|
9.5
|
%
|
275
|
||||||||||||
|
Tractor Supply II
|
Nov. 2010
|
3
|
57,368
|
100
|
%
|
13.9
|
2,388
|
9.09
|
%
|
218
|
||||||||||||
|
FedEx V
|
Nov. 2010
|
1
|
29,410
|
100
|
%
|
8.8
|
2,800
|
8.29
|
%
|
232
|
||||||||||||
|
Walgreens VI
|
Dec. 2010
|
7
|
102,930
|
100
|
%
|
22.5
|
40,071
|
7
|
%
|
2,805
|
||||||||||||
|
FedEx VI
|
Dec. 2010
|
1
|
142,160
|
100
|
%
|
12.1
|
28,600
|
7.92
|
%
|
2,264
|
||||||||||||
|
Dollar General II
|
Dec. 2010
|
1
|
9,100
|
100
|
%
|
14.3
|
1,281
|
8.98
|
%
|
115
|
||||||||||||
|
FedEx VII
|
Dec. 2010
|
1
|
101,350
|
100
|
%
|
12.7
|
18,800
|
7.41
|
%
|
1,393
|
||||||||||||
|
FedEx VIII
|
Dec. 2010
|
4
|
116,689
|
100
|
%
|
6.7
|
10,891
|
8.2
|
%
|
893
|
||||||||||||
|
BB&T
|
Dec. 2010
|
1
|
3,635
|
100
|
%
|
8.1
|
3,781
|
7.88
|
%
|
298
|
||||||||||||
|
Walgreens VII
|
Dec. 2010
|
1
|
14,490
|
100
|
%
|
11.4
|
2,950
|
8.85
|
%
|
261
|
||||||||||||
|
FedEx IX
|
Dec. 2010
|
1
|
64,556
|
100
|
%
|
8.5
|
6,012
|
8.28
|
%
|
498
|
||||||||||||
|
Dollar General III
|
Dec. 2010
|
3
|
27,128
|
100
|
%
|
13.9
|
2,867
|
8.72
|
%
|
250
|
||||||||||||
|
Tractor Supply III
|
Dec. 2010
|
1
|
18,860
|
100
|
%
|
13.3
|
4,825
|
8.87
|
%
|
428
|
||||||||||||
|
DaVita Dialysis
|
Dec. 2010
|
1
|
12,990
|
100
|
%
|
7.7
|
2,848
|
8.15
|
%
|
232
|
||||||||||||
|
Dollar General IV
|
Dec. 2010
|
1
|
9,167
|
100
|
%
|
13.6
|
1,236
|
8.98
|
%
|
111
|
||||||||||||
|
133
|
3,579,204
|
537,540
|
45,954
|
|||||||||||||||||||
|
2011 Acquisitions
|
||||||||||||||||||||||
|
Lowes (9)
|
Jan. 2011
|
1
|
141,393
|
100
|
%
|
14.6
|
10,018
|
6.74
|
%
|
675
|
||||||||||||
|
Citizens
|
Jan. 2011
|
2
|
14,307
|
100
|
%
|
7.2
|
3,811
|
9.11
|
%
|
347
|
||||||||||||
|
QuickTrip
|
Jan. 2011
|
1
|
4,555
|
100
|
%
|
12.3
|
3,330
|
8.74
|
%
|
291
|
||||||||||||
|
Dillons
|
Jan. 2011
|
1
|
56,451
|
100
|
%
|
7.9
|
5,075
|
7.8
|
%
|
396
|
||||||||||||
|
Wawa
|
Jan. 2011
|
2
|
12,433
|
100
|
%
|
15.4
|
17,209
|
7
|
%
|
1,205
|
||||||||||||
|
Walgreens VIII
|
Jan. 2011
|
9
|
122,963
|
100
|
%
|
23.3
|
54,569
|
6.86
|
%
|
3,742
|
||||||||||||
|
DaVita Dialysis II
|
Feb. 2011
|
4
|
23,154
|
100
|
%
|
10.5
|
8,013
|
8.9
|
%
|
713
|
||||||||||||
|
CVS III
|
Feb. 2011
|
1
|
13,338
|
100
|
%
|
25.2
|
5,199
|
7.25
|
%
|
377
|
||||||||||||
|
Citigroup, Inc.
|
Feb. 2011
|
1
|
64,036
|
100
|
%
|
13.8
|
27,275
|
7
|
%
|
1,910
|
||||||||||||
|
Coats & Clark
|
Feb. 2011
|
1
|
401,512
|
100
|
%
|
9.1
|
9,523
|
9.84
|
%
|
937
|
||||||||||||
|
Walgreens IX
|
Feb. 2011
|
1
|
13,569
|
100
|
%
|
21.9
|
5,460
|
7.34
|
%
|
401
|
||||||||||||
|
Express Scripts
|
Mar. 2011
|
2
|
416,141
|
100
|
%
|
7.5
|
51,281
|
9.02
|
%
|
4,623
|
||||||||||||
|
DaVita Dialysis III
|
Mar. 2011
|
1
|
18,185
|
100
|
%
|
11.5
|
6,565
|
7.72
|
%
|
507
|
||||||||||||
|
Acquisition/
|
Remaining
|
Base
|
Annualized
|
|||||||||||||||||||
|
Disposal
|
No. of
|
Square
|
Ownership
|
Lease
|
Purchase
|
Capitalization
|
Rental
|
|||||||||||||||
|
Property
|
Date
|
Buildings
|
Feet
|
Percentage
|
Term(1)
|
Price(2)
|
Rate(3)
|
Income/NOI(4)
|
||||||||||||||
|
2011Acquisitions (continued)
|
||||||||||||||||||||||
|
Dollar General V
|
Mar. 2011
|
6
|
55,363
|
100
|
%
|
14.2
|
5,195
|
8.84
|
%
|
459
|
||||||||||||
|
Wal-Mart
|
Mar. 2011
|
1
|
183,442
|
100
|
%
|
7.4
|
12,633
|
7.15
|
%
|
903
|
||||||||||||
|
Kohl’s
|
Mar. 2011
|
1
|
88,408
|
100
|
%
|
14.2
|
10,182
|
7.15
|
%
|
728
|
||||||||||||
|
Texas Instruments
|
Mar. 2011
|
1
|
125,000
|
100
|
%
|
9.0
|
32,000
|
7.88
|
%
|
2,522
|
||||||||||||
|
Sam’s Club (9)
|
Mar. 2011
|
1
|
141,583
|
100
|
%
|
13.8
|
12,821
|
6.64
|
%
|
851
|
||||||||||||
|
CVS IV
|
Mar. 2011
|
1
|
13,225
|
100
|
%
|
23.2
|
5,330
|
7.95
|
%
|
424
|
||||||||||||
|
Walgreens X
|
Mar. 2011
|
2
|
27,760
|
100
|
%
|
18.7
|
9,000
|
7.46
|
%
|
671
|
||||||||||||
|
CVS V
|
Mar. 2011
|
1
|
12,900
|
100
|
%
|
22.2
|
5,759
|
7.29
|
%
|
420
|
||||||||||||
|
Provident Bank
|
Mar. 2011
|
1
|
2,950
|
100
|
%
|
22.2
|
2,589
|
9.15
|
%
|
237
|
||||||||||||
|
Dillons II
|
Mar. 2011
|
1
|
63,858
|
100
|
%
|
9.8
|
6,420
|
7.49
|
%
|
481
|
||||||||||||
|
FedEx X
|
Mar. & May 2011
|
2
|
204,157
|
100
|
%
|
13.7
|
32,200
|
7.98
|
%
|
2,570
|
||||||||||||
|
3M
|
Mar. 2011
|
1
|
650,760
|
100
|
%
|
9.4
|
44,800
|
7.35
|
%
|
3,294
|
||||||||||||
|
Bojangles
|
Mar. 2011
|
13
|
47,865
|
100
|
%
|
11.5
|
24,789
|
8.85
|
%
|
2,193
|
||||||||||||
|
Tractor Supply II
|
Mar. 2011
|
2
|
38,194
|
100
|
%
|
14.2
|
5,103
|
9.07
|
%
|
463
|
||||||||||||
|
Dollar General VI
|
Apr. 2011
|
2
|
18,428
|
100
|
%
|
14.4
|
1,856
|
9
|
%
|
167
|
||||||||||||
|
Dollar General VII
|
Apr. 2011
|
2
|
18,340
|
100
|
%
|
14.4
|
2,093
|
8.98
|
%
|
188
|
||||||||||||
|
O'Reilly Auto II
|
Apr. 2011
|
1
|
8,154
|
100
|
%
|
11.2
|
1,894
|
8.92
|
%
|
169
|
||||||||||||
|
Walgreens XI
|
Apr. 2011
|
1
|
14,550
|
100
|
%
|
23.6
|
4,993
|
7.35
|
%
|
367
|
||||||||||||
|
DaVita Dialysis IV
|
Apr. 2011
|
1
|
6,020
|
100
|
%
|
8.0
|
2,061
|
8.88
|
%
|
183
|
||||||||||||
|
Whirlpool
|
Apr. 2011
|
1
|
750,000
|
100
|
%
|
9.3
|
19,837
|
8.1
|
%
|
1,606
|
||||||||||||
|
Wrangler
|
Apr. 2011
|
1
|
316,800
|
100
|
%
|
9.1
|
17,286
|
8.2
|
%
|
1,417
|
||||||||||||
|
Walgreens XII
|
Apr. 2011
|
1
|
13,605
|
100
|
%
|
22.2
|
4,380
|
8.2
|
%
|
359
|
||||||||||||
|
7-Eleven
|
May 2011
|
1
|
3,074
|
100
|
%
|
8.9
|
2,950
|
8.24
|
%
|
243
|
||||||||||||
|
BSFS III
|
May 2011
|
1
|
7,864
|
100
|
%
|
14.1
|
2,661
|
8.53
|
%
|
227
|
||||||||||||
|
Kohls II
|
May 2011
|
1
|
64,250
|
100
|
%
|
19.2
|
6,398
|
7.5
|
%
|
480
|
||||||||||||
|
National Tire & Battery
|
May 2011
|
3
|
33,920
|
100
|
%
|
13.8
|
5,921
|
8.16
|
%
|
483
|
||||||||||||
|
CVS VI
|
May 2011
|
1
|
13,224
|
100
|
%
|
23.2
|
9,110
|
7.21
|
%
|
657
|
||||||||||||
|
BSFS IV
|
May 2011
|
3
|
22,904
|
100
|
%
|
13.0
|
8,539
|
8.6
|
%
|
734
|
||||||||||||
|
FedEx XI
|
May 2011
|
1
|
125,502
|
100
|
%
|
10.3
|
39,000
|
7.94
|
%
|
3,095
|
||||||||||||
|
Pep Boys
|
May 2011
|
3
|
60,140
|
100
|
%
|
11.7
|
12,951
|
8.68
|
%
|
1,124
|
||||||||||||
|
Tops Market
|
May 2011
|
1
|
57,833
|
100
|
%
|
11.3
|
10,956
|
7.61
|
%
|
834
|
||||||||||||
|
7-Eleven II
|
May 2011
|
1
|
2,940
|
100
|
%
|
9.1
|
2,105
|
7.55
|
%
|
159
|
||||||||||||
|
General Electric
|
May 2011
|
1
|
484,348
|
100
|
%
|
7.3
|
23,688
|
7.62
|
%
|
1,806
|
||||||||||||
|
Wal-Mart II
|
May 2011
|
1
|
151,925
|
100
|
%
|
7.2
|
12,415
|
8.01
|
%
|
995
|
||||||||||||
|
USPS
|
May 2011
|
1
|
39,297
|
100
|
%
|
13.4
|
7,260
|
6.79
|
%
|
493
|
||||||||||||
|
Walgreens XIII
|
May 2011
|
2
|
27,195
|
100
|
%
|
16.7
|
9,819
|
7.25
|
%
|
712
|
||||||||||||
|
Walgreens XIV
|
Jun. 2011
|
1
|
14,820
|
100
|
%
|
21.5
|
3,986
|
7.15
|
%
|
285
|
||||||||||||
|
Mrs. Bairds
|
Jun. 2011
|
2
|
30,120
|
100
|
%
|
7.8
|
3,169
|
8.36
|
%
|
265
|
||||||||||||
|
Walgreens XV
|
Jun. 2011
|
1
|
14,480
|
100
|
%
|
21.5
|
4,912
|
7.13
|
%
|
350
|
||||||||||||
|
O'Reilly’s III
|
Jun. 2011
|
1
|
8,160
|
100
|
%
|
11.4
|
2,000
|
8.7
|
%
|
174
|
||||||||||||
|
FedEx XII
|
Jun. 2011
|
1
|
182,326
|
100
|
%
|
11.4
|
35,000
|
7.79
|
%
|
2,726
|
||||||||||||
|
Walgreens XVI
|
Jun. 2011
|
6
|
52,400
|
100
|
%
|
22.2
|
51,160
|
6.63
|
%
|
3,392
|
||||||||||||
|
VA Clinic (10)
|
Jun. 2011
|
1
|
10,768
|
100
|
%
|
9.2
|
3,190
|
8.31
|
%
|
265
|
||||||||||||
|
BSFS V
|
Jun. 2011
|
1
|
159,797
|
100
|
%
|
10.4
|
9,040
|
8.53
|
%
|
771
|
||||||||||||
|
Tractor Supply IV
|
Jun. 2011
|
1
|
19,097
|
100
|
%
|
11.5
|
1,750
|
13.94
|
%
|
244
|
||||||||||||
|
O'Reilly's IV
|
Jun. 2011
|
2
|
16,000
|
100
|
%
|
11.3
|
3,724
|
8.75
|
%
|
326
|
||||||||||||
|
Trader Joe's
|
Jun. 2011
|
1
|
31,920
|
100
|
%
|
10.1
|
5,550
|
12.16
|
%
|
675
|
||||||||||||
|
Dollar General VIII
|
Jul. & Aug. 2011
|
3
|
27,152
|
100
|
%
|
14.7
|
2,850
|
8.74
|
%
|
249
|
||||||||||||
|
Dollar General IX
|
Jul. 2011
|
1
|
9,348
|
100
|
%
|
14.7
|
885
|
9.04
|
%
|
80
|
||||||||||||
|
Acquisition/
|
Remaining
|
Base
|
Annualized
|
|||||||||||||||||||
|
Disposal
|
No. of
|
Square
|
Ownership
|
Lease
|
Purchase
|
Capitalization
|
Rental
|
|||||||||||||||
|
Property
|
Date
|
Buildings
|
Feet
|
Percentage
|
Term(1)
|
Price(2)
|
Rate(3)
|
Income/NOI(4)
|
||||||||||||||
|
2011Acquisitions (continued)
|
||||||||||||||||||||||
|
GSA I (10)
|
Jul. 2011
|
1
|
10,784
|
100
|
%
|
7.2
|
6,025
|
8.28
|
%
|
499
|
||||||||||||
|
Lockheed Martin
|
Jul. 2011
|
1
|
102,466
|
100
|
%
|
8.1
|
13,048
|
8.05
|
%
|
1,050
|
||||||||||||
|
FedEx XIII
|
Jul. 2011
|
4
|
274,602
|
100
|
%
|
8.2
|
27,615
|
7.96
|
%
|
2,199
|
||||||||||||
|
GSA II (10)
|
Aug. 2011
|
1
|
10,803
|
100
|
%
|
8.8
|
4,546
|
7.81
|
%
|
355
|
||||||||||||
|
Dollar General X
|
Aug. & Sep. 2011
|
6
|
55,200
|
100
|
%
|
14.7
|
5,418
|
8.84
|
%
|
479
|
||||||||||||
|
PetSmart
|
Aug. 2011
|
1
|
1,000,375
|
100
|
%
|
10.6
|
48,648
|
7.55
|
%
|
3,672
|
||||||||||||
|
GSA III (10)
|
Aug. 2011
|
1
|
11,190
|
100
|
%
|
14.7
|
4,355
|
7.94
|
%
|
346
|
||||||||||||
|
Verizon
|
Aug. 2011
|
1
|
40,000
|
100
|
%
|
10.0
|
12,600
|
8.27
|
%
|
1,042
|
||||||||||||
|
CVS VI
|
Aug. 2011
|
1
|
11,945
|
100
|
%
|
17.2
|
2,805
|
7.45
|
%
|
209
|
||||||||||||
|
Renal Advantage
|
Aug. 2011
|
9
|
74,457
|
100
|
%
|
11.6
|
19,010
|
9.65
|
%
|
1,834
|
||||||||||||
|
GSA IV (10)
|
Aug. 2011
|
1
|
23,485
|
100
|
%
|
9.4
|
7,424
|
8.45
|
%
|
627
|
||||||||||||
|
Lowes II
|
Aug. 2011
|
1
|
135,197
|
100
|
%
|
9.3
|
15,000
|
7.33
|
%
|
1,099
|
||||||||||||
|
GSA V (10)
|
Aug. 2011
|
1
|
64,455
|
100
|
%
|
7.1
|
7,250
|
8.08
|
%
|
586
|
||||||||||||
|
CVS VII
|
Sep. 2011
|
1
|
10,885
|
100
|
%
|
10.2
|
2,820
|
8.19
|
%
|
231
|
||||||||||||
|
Sealy
|
Sep. 2011
|
1
|
257,000
|
100
|
%
|
12.0
|
17,944
|
8.95
|
%
|
1,606
|
||||||||||||
|
GSA VI (10)
|
Sep. 2011
|
1
|
34,285
|
100
|
%
|
14.7
|
8,590
|
8.07
|
%
|
693
|
||||||||||||
|
GSA VII (10)
|
Sep. 2011
|
1
|
25,508
|
100
|
%
|
14.7
|
6,642
|
8.6
|
%
|
571
|
||||||||||||
|
GSA VIII (10)
|
Oct. 2011
|
1
|
29,150
|
100
|
%
|
9.3
|
4,775
|
8.06
|
%
|
385
|
||||||||||||
|
GSA IX (10)
|
Oct. 2011
|
1
|
17,629
|
100
|
%
|
9.9
|
6,750
|
8.22
|
%
|
555
|
||||||||||||
|
GSA X (10)
|
Oct. 2011
|
1
|
43,596
|
100
|
%
|
11.9
|
13,000
|
7.75
|
%
|
1,007
|
||||||||||||
|
Reliant Rehab Hospital
|
Oct. 2011
|
1
|
65,141
|
100
|
%
|
18.9
|
32,300
|
10.28
|
%
|
3,322
|
||||||||||||
|
ConAgra Data Center
|
Oct. 2011
|
1
|
65,000
|
100
|
%
|
13.7
|
20,000
|
8.24
|
%
|
1,648
|
||||||||||||
|
GSA XI (10)
|
Oct. 2011
|
1
|
30,762
|
100
|
%
|
14.6
|
9,000
|
7.99
|
%
|
719
|
||||||||||||
|
Dollar General XI
|
Oct. 2011
|
2
|
18,225
|
100
|
%
|
14.8
|
1,926
|
8.31
|
%
|
160
|
||||||||||||
|
Dollar General XII
|
Oct. & Nov. 11
|
41
|
377,991
|
100
|
%
|
14.5
|
41,881
|
8.23
|
%
|
3,447
|
||||||||||||
|
Whirlpool II
|
Nov. 2011
|
1
|
700,350
|
100
|
%
|
9.9
|
23,148
|
7.5
|
%
|
1,736
|
||||||||||||
|
Dollar General XIII
|
Nov. 2011
|
1
|
9,234
|
100
|
%
|
14.8
|
932
|
8.8
|
%
|
82
|
||||||||||||
|
FedEx XIV
|
Nov. 2011
|
1
|
81,612
|
100
|
%
|
10.3
|
4,592
|
9.49
|
%
|
436
|
||||||||||||
|
FedEx XV
|
Nov. 2011
|
1
|
252,505
|
100
|
%
|
15.1
|
56,000
|
7.49
|
%
|
4,194
|
||||||||||||
|
FedEx Ground XVI
|
Nov. 2011
|
1
|
194,262
|
100
|
%
|
10.1
|
20,000
|
7.6
|
%
|
1,520
|
||||||||||||
|
Autozone II
|
Nov. 2011
|
1
|
6,813
|
100
|
%
|
14.5
|
1,325
|
7.62
|
%
|
101
|
||||||||||||
|
Aaron’s 18-Pack
|
Dec. 2011
|
18
|
214,739
|
100
|
%
|
10.9
|
25836
|
8.45
|
%
|
2,184
|
||||||||||||
|
220
|
10,023,849
|
1,222,743
|
97,234
|
|||||||||||||||||||
|
Other investments (11)
|
29,625
|
|||||||||||||||||||||
|
Total investment portfolio
|
478
|
15,332,072
|
13.7
|
$
|
2,118,903
|
8.15 |
$
|
170,193
|
||||||||||||||
|
(1)
|
Remaining lease term as of November 30, 2011, in years. If the portfolio has multiple locations with varying lease expirations, remaining lease term is calculated on a weighted-average basis. Total remaining lease term is an average of the remaining lease term of the total portfolio.
|
||||||||||||||||||||||||||
|
(2)
|
Contract purchase price excluding acquisition and transaction-related costs. Acquisition and transaction-related costs include legal costs, acquisition fees paid to the Advisor and closing costs on the property.
|
||||||||||||||||||||||||||
|
(3)
|
Annualized rental income on a straight-line basis or annualized net operating income (“NOI”) as applicable, divided by base purchase price. Total capitalization rate is an average of the capitalization rate of the total portfolio.
|
||||||||||||||||||||||||||
|
(4)
|
Annualized rental income/NOI for net leases is rental income on a straight-line basis as of November 30, 2011, which includes the effect of tenant concessions such as free rent, as applicable. For gross leased properties amount is rental income on a straight-line basis as of November 30, 2011, which includes the effect of tenant concessions such as free rent, as applicable, plus operating expense reimbursement revenue less property operating expenses.
|
||||||||||||||||||||||||||
|
(5)
|
Ownership percentage is 51% of one property and 65% of one property.
|
||||||||||||||||||||||||||
|
(6)
|
Ownership percentage of three properties is 51% and 100% of the remaining seven properties.
|
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(7)
|
Ownership percentage of six properties is 51% and 100% of the remaining six properties.
|
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(8)
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Includes the September 2010 purchase of a parcel of land with a ground lease which contains a previously purchased CVS pharmacy.
|
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(9)
|
Property is a parcel of land with a ground lease which contains a building that will be conveyed to the Company at the end of the ground lease. Square footage and number of buildings refers to the building that is constructed on the parcel of land.
|
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(10)
|
Lease on the property is a gross lease. As such, annualized rental income/NOI for this property is rental income on a straight-line basis as of November 30, 2011, which includes the effect of tenant concessions such as free rent, as applicable, plus operating expense reimbursement revenue less property operating expenses.
|
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(11)
|
Includes a $12.0 million investment in a joint venture and $17.6 million in investments in the common stock of other real estate investment trusts.
|
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|
99.1
|
Press Release dated December 5, 2011
|
|
AMERICAN REALTY CAPITAL TRUST, INC.
|
||||
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Date: December 8, 2011
|
By:
|
/s/ Nicholas S. Schorsch
|
||
|
Name:
|
Nicholas S. Schorsch
|
|||
|
Title:
|
Chief Executive Officer and
Chairman of the Board of Directors
|
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