On October 11, 2011, the Company’s Board of Directors declared the following monthly distributions:

On October 20, 2011, the Company acquired a 25,000 square foot office building located in Boston Heights, Ohio for $4,375, excluding related acquisition expenses of $53. The Company funded this acquisition using borrowings from its line of credit. The property was a new build-to-suit for Paychex North America, a subsidiary of Paychex, Inc. The tenant has leased the property for ten years and has three options to renew the lease for additional periods of three years each. The lease provides for prescribed rent escalations over the life of the lease, with annualized straight line rents of $377.

On October 28, 2011, the Company acquired a 60,111 square foot office building located in Parsippany, New Jersey for $11,100, excluding related acquisition expenses of $316. The Company funded this acquisition through a combination of borrowings from its line of credit and the issuance of $7,200 of mortgage debt on the property. The tenant has leased the property for 15 years and has one option to renew the lease for an additional period of three years. The lease provides for prescribed rent escalations over the life of the lease, with annualized straight line rents of $1,108.