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## ACQUISITION ACTIVITY 

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## PORTFOLIO SUMMARY 

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(1) “Annualized Base Rental Revenue” (“ABR”) means the monthly base cash rent for the applicable property or properties as of December 31, 2014, (which is differ- ent from rent calculated in accordance with U.S. generally accepted accounting principals for purposes of our financial statements), multiplied by 12. If a tenant is in a free rent period as of December 31, 2014, the annualized rent is calculated based on the first contractual monthly base rent amount multiplied by 12. 

