cole capital is contractually responsible for managing the affairs of the managed reits on a day-to-day basis , identifying and making acquisitions and investments on the managed reits ' behalf , and recommending to each of the managed reit 's respective board of directors an approach for providing investors with liquidity . cole capital receives compensation and reimbursement for services relating to these services . substantially all of our rei segment is conducted through the op . we are the sole general partner and holder of 97.4 % of the common equity interests in the op as of december 31 , 2014 , with the remaining 2.6 % common equity interests owned by certain unaffiliated investors . under the lpa , after holding units of limited partner interests in the op for a period of one year , unless otherwise consented to by us , holders of op units have the right to redeem the op units for the cash value of a corresponding number of shares of our common stock or , at our option , a corresponding number of shares of our common stock . the remaining rights of the holders of op units are limited , however , and do not include the ability to replace the general partner or to approve the sale , purchase or refinancing of the op 's assets . substantially all of the cole capital segment is conducted through cca , an arizona corporation and a wholly owned subsidiary of the op . cca is treated as a trs under the internal revenue code . prior to january 8 , 2014 , we retained the former manager to manage our affairs on a day-to-day basis with the exception of certain acquisition , accounting and portfolio management services performed by our employees . in august 2013 , our board of directors determined that it is in the best interests of us and our stockholders to become self-managed and we completed our transition to self-management on january 8 , 2014. see note 20 – related party transactions and arrangements to the consolidated financial statements . as of december 31 , 2014 , we owned 4,648 properties consisting of 103.1 million square feet , which were 99.3 % leased with a weighted-average remaining lease term of 11.8 years . in constructing our portfolio , we are committed to diversification by industry , tenant and geography . as of december 31 , 2014 , rental revenues derived from investment grade tenants and tenants affiliated with investment grade entities as determined by a major rating agency approximated 46.9 % ( we have attributed the rating of each parent company to its wholly owned subsidiary for purposes of this disclosure ) . our strategy encompasses receiving the majority of our revenue from investment grade and creditworthy tenants as we further acquire properties and enter into or assume lease arrangements . 48 recent mergers and major acquisitions and sales arct iv merger on july 1 , 2013 , we entered into an agreement and plan of merger , as amended on october 6 , 2013 and october 11 , 2013 , with arct iv , and certain subsidiaries of each company . the arct iv merger agreement provided for the merger of arct iv with and into a subsidiary of the op , which was consummated on january 3 , 2014. fortress portfolio acquisition on july 24 , 2013 , arc and another related entity , on behalf of the company and certain other entities sponsored directly or indirectly by arc , entered into a purchase and sale agreement with affiliates of funds managed by fortress for the purchase of 196 properties owned by fortress , for an aggregate contract purchase price of $ 972.5 million . of the 196 properties , 120 properties were allocated to and assigned by us . on october 1 , 2013 , we closed on 41 of the 120 properties with a total purchase price of $ 200.3 million , exclusive of closing costs . during the year ended december 31 , 2014 , we closed the acquisition of the remaining 79 properties in the fortress portfolio for an aggregate contract purchase price of $ 400.9 million , exclusive of closing costs . inland portfolio acquisition on august 8 , 2013 , arc and another related entity , on behalf of the company and certain other entities sponsored directly or indirectly by arc , entered into a purchase and sale agreement with inland for the purchase of the equity interests of 67 companies owned by inland for an aggregate contract purchase price of $ 2.3 billion . of the 67 companies , the equity interests of 10 companies holding in the aggregate 33 properties were acquired , in total , by us from inland for a purchase price of $ 501.0 million . as of december 31 , 2014 , we had closed on 32 of the 33 properties for a total purchase price of $ 288.2 million , exclusive of closing costs . the company will not close on the remaining one property . cole merger on october 22 , 2013 , arcp and a wholly-owned subsidiary entered into an agreement and plan of merger with cole , a publicly traded maryland corporation . the cole merger agreement provided for the merger of cole with and into arcp 's wholly owned subsidiary . the cole merger was consummated on february 7 , 2014. ccpt merger on march 17 , 2014 , arcp and a wholly-owned subsidiary entered into an agreement and plan of merger with ccpt , a maryland corporation . the ccpt merger agreement provided for the merger of ccpt with and into the wholly owned subsidiary of arcp . story_separator_special_tag the company recorded $ 3.3 million in impairment charges on real estate investments from continuing operations during the year ended december 31 , 2013 , but did not record any impairment on real estate investments from discontinued operations during that year . the company did not record any impairment on real estate investments from continuing operations during the year ended december 31 , 2012 , but did record $ 0.6 million of impairment charges from discontinued operations during that year . goodwill the company will evaluate goodwill for impairment annually or more frequently when an event occurs or circumstances change that indicate the carrying value , by reporting unit , may not be recoverable . the company 's annual testing date is during the fourth quarter . the company tests goodwill for impairment by first comparing the carrying value of net assets to the fair value of each reporting unit . if the fair value is determined to be less than the carrying value or if qualitative factors indicate that it is more likely than not that goodwill is impaired , a second step is performed to compute the amount of impairment as the difference between the estimated fair value of goodwill and the carrying value . the company estimates the fair value of the reporting units using discounted cash flows and relevant competitor multiples . the evaluation of goodwill for potential impairment requires the company 's management to exercise significant judgment and to make certain assumptions . the use of different judgments and assumptions could result in different conclusions . the company tested the goodwill allocated to the cole capital segment for impairment during the three months ended december 31 , 2014 using an income approach . the assumptions utilized in the evaluation of the impairment of goodwill under the income approach include revenue growth rates , cash flows , earnings before income taxes , tax rates , capital expenditures , the weighted average cost of capital ( “ wacc ” ) and expected long-term growth rates ( residual growth rate ) . the assumptions which have the most significant effect on our valuations derived using a discounted cash flows methodology are : ( 1 ) revenue growth rate , ( 2 ) cash flow assumptions and ( 3 ) the discount rate . the cash flows utilized in the income approach are based on our most recent budgets , forecasts , and business plans as well as various growth rate assumptions for years beyond the current business plan period . long-term growth rates represent the expected long-term growth rate for the reporting unit , considering the industry in which we operate and the global economy . discount rate assumptions are based on an assessment of the risk inherent in the future revenue streams and cash flows and our wacc . the risk adjusted discount rate used represents the estimated wacc for our reporting unit . the carrying value of the cole capital reporting unit exceeded the estimated fair value at december 31 , 2014 and therefore the second step of the goodwill impairment analysis was performed to compute the amount of the impairment . as a result , the company recorded an impairment charge of $ 223.1 million during the three months ended december 31 , 2014 . 52 the company also tested the goodwill allocated to the rei segment for impairment during the three months ended december 31 , 2014 using a market approach . the assumptions utilized in the market approach include the selection of comparable companies , which are subject to change based on the economic characteristics of our reporting unit . adjusted funds from operations and funds from operations , each non-gaap supplemental financial performance measures , multiples for market comparable companies for the current and future fiscal periods were used to estimate the fair value of the reporting unit by applying those multiples to the projected financial information prepared by management . the carrying value of the rei reporting unit was $ 19.3 billion at december 31 , 2014 . the estimated fair value of the reporting unit exceeded its carrying value by 5 % . as such , no goodwill impairment was recorded during the three months ended december 31 , 2014 on the rei reporting segment . this reporting unit remains at risk for future impairment if the projected operating results are not met or other inputs into the fair value measurement change . we continue to monitor actual results versus forecasted results and external factors that may impact the fair value of the reporting unit . factors we are monitoring that may impact the fair value of the reporting unit include , but are not limited to , market comparable company multiples , interest rates , and global economic conditions . intangible assets the company evaluates intangible assets , which primarily consists of dealer manager and advisory contracts with the managed reits , for impairment when an event occurs or circumstances change that indicate the carrying value may not be recoverable . the company will test intangible assets for impairment by first comparing the carrying value of the asset group to the undiscounted future cash flows expected from the use of the assets and their eventual disposition . in the event that such expected undiscounted future cash flows do not exceed the carrying amount , the company will adjust the intangible assets to their respective fair values and recognize an impairment loss .. the company will estimate the fair value the intangible assets using a discounted cash flow model specific to the managed reits that were included in the initial value of the intangible assets as of the cole acquisition date . the evaluation of goodwill for potential impairment requires the company 's management to exercise significant judgment and to make certain assumptions . the use of different judgments and assumptions could result in different conclusions . during the three months ended december 31 , 2014 , as a result

cash flows for the year ended december 31 , 2014 during the year ended december 31 , 2014 , net cash provided by operating activities was $ 502.9 million . the level of cash flows used in or provided by operating activities is affected by acquisition and transaction costs , the timing of interest payments , as well as the receipt of scheduled rent payments . cash flows provided by operating activities during the year ended december 31 , 2014 were mainly due to adjusted net income of $ 806.6 million ( net loss of $ 1.0 billion adjusted for non-cash items including the issuance of op units , depreciation and amortization , gain on sale of properties , equity-based compensation , gain on derivative instruments and gain on the early extinguishment of debt totaling $ 1.8 billion , in the aggregate ) , offset by a decrease in accounts payable and accrued expenses of $ 16.3 million , a decrease in prepaid and other assets of $ 97.1 million and a decrease in deferred rent , derivative and other liabilities of $ 99.9 million . net cash used in investing activities for the year ended december 31 , 2014 was $ 2.6 billion , primarily related to the total cash consideration of $ 756.2 million for the arct iv merger , cole merger and ccpt merger and $ 3.5 billion in the acquisition of 1,107 properties . the net cash used in investing activities was partially offset by the proceeds from the sale of properties of $ 1.6 billion , combined with the proceeds from the sale of investment securities of $ 159.8 million . net cash provided by financing activities was $ 2.4 billion during the year ended december 31 , 2014 related to proceeds from the issuance of corporate bonds of $ 2.5 billion , proceeds from mortgage notes payable of $ 1.0 billion and proceeds from the issuance of common stock of $ 1.6 billion .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows for the year ended december 31 , 2014 during the year ended december 31 , 2014 , net cash provided by operating activities was $ 502.9 million . the level of cash flows used in or provided by operating activities is affected by acquisition and transaction costs , the timing of interest payments , as well as the receipt of scheduled rent payments . cash flows provided by operating activities during the year ended december 31 , 2014 were mainly due to adjusted net income of $ 806.6 million ( net loss of $ 1.0 billion adjusted for non-cash items including the issuance of op units , depreciation and amortization , gain on sale of properties , equity-based compensation , gain on derivative instruments and gain on the early extinguishment of debt totaling $ 1.8 billion , in the aggregate ) , offset by a decrease in accounts payable and accrued expenses of $ 16.3 million , a decrease in prepaid and other assets of $ 97.1 million and a decrease in deferred rent , derivative and other liabilities of $ 99.9 million . net cash used in investing activities for the year ended december 31 , 2014 was $ 2.6 billion , primarily related to the total cash consideration of $ 756.2 million for the arct iv merger , cole merger and ccpt merger and $ 3.5 billion in the acquisition of 1,107 properties . the net cash used in investing activities was partially offset by the proceeds from the sale of properties of $ 1.6 billion , combined with the proceeds from the sale of investment securities of $ 159.8 million . net cash provided by financing activities was $ 2.4 billion during the year ended december 31 , 2014 related to proceeds from the issuance of corporate bonds of $ 2.5 billion , proceeds from mortgage notes payable of $ 1.0 billion and proceeds from the issuance of common stock of $ 1.6 billion .
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 Suspicious Activity Report : cole capital is contractually responsible for managing the affairs of the managed reits on a day-to-day basis , identifying and making acquisitions and investments on the managed reits ' behalf , and recommending to each of the managed reit 's respective board of directors an approach for providing investors with liquidity . cole capital receives compensation and reimbursement for services relating to these services . substantially all of our rei segment is conducted through the op . we are the sole general partner and holder of 97.4 % of the common equity interests in the op as of december 31 , 2014 , with the remaining 2.6 % common equity interests owned by certain unaffiliated investors . under the lpa , after holding units of limited partner interests in the op for a period of one year , unless otherwise consented to by us , holders of op units have the right to redeem the op units for the cash value of a corresponding number of shares of our common stock or , at our option , a corresponding number of shares of our common stock . the remaining rights of the holders of op units are limited , however , and do not include the ability to replace the general partner or to approve the sale , purchase or refinancing of the op 's assets . substantially all of the cole capital segment is conducted through cca , an arizona corporation and a wholly owned subsidiary of the op . cca is treated as a trs under the internal revenue code . prior to january 8 , 2014 , we retained the former manager to manage our affairs on a day-to-day basis with the exception of certain acquisition , accounting and portfolio management services performed by our employees . in august 2013 , our board of directors determined that it is in the best interests of us and our stockholders to become self-managed and we completed our transition to self-management on january 8 , 2014. see note 20 – related party transactions and arrangements to the consolidated financial statements . as of december 31 , 2014 , we owned 4,648 properties consisting of 103.1 million square feet , which were 99.3 % leased with a weighted-average remaining lease term of 11.8 years . in constructing our portfolio , we are committed to diversification by industry , tenant and geography . as of december 31 , 2014 , rental revenues derived from investment grade tenants and tenants affiliated with investment grade entities as determined by a major rating agency approximated 46.9 % ( we have attributed the rating of each parent company to its wholly owned subsidiary for purposes of this disclosure ) . our strategy encompasses receiving the majority of our revenue from investment grade and creditworthy tenants as we further acquire properties and enter into or assume lease arrangements . 48 recent mergers and major acquisitions and sales arct iv merger on july 1 , 2013 , we entered into an agreement and plan of merger , as amended on october 6 , 2013 and october 11 , 2013 , with arct iv , and certain subsidiaries of each company . the arct iv merger agreement provided for the merger of arct iv with and into a subsidiary of the op , which was consummated on january 3 , 2014. fortress portfolio acquisition on july 24 , 2013 , arc and another related entity , on behalf of the company and certain other entities sponsored directly or indirectly by arc , entered into a purchase and sale agreement with affiliates of funds managed by fortress for the purchase of 196 properties owned by fortress , for an aggregate contract purchase price of $ 972.5 million . of the 196 properties , 120 properties were allocated to and assigned by us . on october 1 , 2013 , we closed on 41 of the 120 properties with a total purchase price of $ 200.3 million , exclusive of closing costs . during the year ended december 31 , 2014 , we closed the acquisition of the remaining 79 properties in the fortress portfolio for an aggregate contract purchase price of $ 400.9 million , exclusive of closing costs . inland portfolio acquisition on august 8 , 2013 , arc and another related entity , on behalf of the company and certain other entities sponsored directly or indirectly by arc , entered into a purchase and sale agreement with inland for the purchase of the equity interests of 67 companies owned by inland for an aggregate contract purchase price of $ 2.3 billion . of the 67 companies , the equity interests of 10 companies holding in the aggregate 33 properties were acquired , in total , by us from inland for a purchase price of $ 501.0 million . as of december 31 , 2014 , we had closed on 32 of the 33 properties for a total purchase price of $ 288.2 million , exclusive of closing costs . the company will not close on the remaining one property . cole merger on october 22 , 2013 , arcp and a wholly-owned subsidiary entered into an agreement and plan of merger with cole , a publicly traded maryland corporation . the cole merger agreement provided for the merger of cole with and into arcp 's wholly owned subsidiary . the cole merger was consummated on february 7 , 2014. ccpt merger on march 17 , 2014 , arcp and a wholly-owned subsidiary entered into an agreement and plan of merger with ccpt , a maryland corporation . the ccpt merger agreement provided for the merger of ccpt with and into the wholly owned subsidiary of arcp . story_separator_special_tag the company recorded $ 3.3 million in impairment charges on real estate investments from continuing operations during the year ended december 31 , 2013 , but did not record any impairment on real estate investments from discontinued operations during that year . the company did not record any impairment on real estate investments from continuing operations during the year ended december 31 , 2012 , but did record $ 0.6 million of impairment charges from discontinued operations during that year . goodwill the company will evaluate goodwill for impairment annually or more frequently when an event occurs or circumstances change that indicate the carrying value , by reporting unit , may not be recoverable . the company 's annual testing date is during the fourth quarter . the company tests goodwill for impairment by first comparing the carrying value of net assets to the fair value of each reporting unit . if the fair value is determined to be less than the carrying value or if qualitative factors indicate that it is more likely than not that goodwill is impaired , a second step is performed to compute the amount of impairment as the difference between the estimated fair value of goodwill and the carrying value . the company estimates the fair value of the reporting units using discounted cash flows and relevant competitor multiples . the evaluation of goodwill for potential impairment requires the company 's management to exercise significant judgment and to make certain assumptions . the use of different judgments and assumptions could result in different conclusions . the company tested the goodwill allocated to the cole capital segment for impairment during the three months ended december 31 , 2014 using an income approach . the assumptions utilized in the evaluation of the impairment of goodwill under the income approach include revenue growth rates , cash flows , earnings before income taxes , tax rates , capital expenditures , the weighted average cost of capital ( “ wacc ” ) and expected long-term growth rates ( residual growth rate ) . the assumptions which have the most significant effect on our valuations derived using a discounted cash flows methodology are : ( 1 ) revenue growth rate , ( 2 ) cash flow assumptions and ( 3 ) the discount rate . the cash flows utilized in the income approach are based on our most recent budgets , forecasts , and business plans as well as various growth rate assumptions for years beyond the current business plan period . long-term growth rates represent the expected long-term growth rate for the reporting unit , considering the industry in which we operate and the global economy . discount rate assumptions are based on an assessment of the risk inherent in the future revenue streams and cash flows and our wacc . the risk adjusted discount rate used represents the estimated wacc for our reporting unit . the carrying value of the cole capital reporting unit exceeded the estimated fair value at december 31 , 2014 and therefore the second step of the goodwill impairment analysis was performed to compute the amount of the impairment . as a result , the company recorded an impairment charge of $ 223.1 million during the three months ended december 31 , 2014 . 52 the company also tested the goodwill allocated to the rei segment for impairment during the three months ended december 31 , 2014 using a market approach . the assumptions utilized in the market approach include the selection of comparable companies , which are subject to change based on the economic characteristics of our reporting unit . adjusted funds from operations and funds from operations , each non-gaap supplemental financial performance measures , multiples for market comparable companies for the current and future fiscal periods were used to estimate the fair value of the reporting unit by applying those multiples to the projected financial information prepared by management . the carrying value of the rei reporting unit was $ 19.3 billion at december 31 , 2014 . the estimated fair value of the reporting unit exceeded its carrying value by 5 % . as such , no goodwill impairment was recorded during the three months ended december 31 , 2014 on the rei reporting segment . this reporting unit remains at risk for future impairment if the projected operating results are not met or other inputs into the fair value measurement change . we continue to monitor actual results versus forecasted results and external factors that may impact the fair value of the reporting unit . factors we are monitoring that may impact the fair value of the reporting unit include , but are not limited to , market comparable company multiples , interest rates , and global economic conditions . intangible assets the company evaluates intangible assets , which primarily consists of dealer manager and advisory contracts with the managed reits , for impairment when an event occurs or circumstances change that indicate the carrying value may not be recoverable . the company will test intangible assets for impairment by first comparing the carrying value of the asset group to the undiscounted future cash flows expected from the use of the assets and their eventual disposition . in the event that such expected undiscounted future cash flows do not exceed the carrying amount , the company will adjust the intangible assets to their respective fair values and recognize an impairment loss .. the company will estimate the fair value the intangible assets using a discounted cash flow model specific to the managed reits that were included in the initial value of the intangible assets as of the cole acquisition date . the evaluation of goodwill for potential impairment requires the company 's management to exercise significant judgment and to make certain assumptions . the use of different judgments and assumptions could result in different conclusions . during the three months ended december 31 , 2014 , as a result

