14. Accounting for Merger with Reitplus   November 2009 Simultaneously with the November 2009 merger of AmREIT with and into REITPlus, wherein AmREIT acquired REITPlus s net assets, AmREIT consummated a recapitalization of its equity structure by combining its three classes of common shares into a single common class of common stock. In conjunction with the merger, the AmREIT shares outstanding prior to the merger were converted into a single class of AmREIT, Inc. common stock at a $10.2 million premium, which was recorded as an additional dividend in accordance with GAAP. Given that AmREIT was the accounting acquirer, the foregoing exchange/conversion was treated as a deemed recapitalization of AmREIT immediately prior to the acquisition of REITPlus s net assets for accounting purposes. The following table reflects the recapitalization for the merger with REITPlus: CLASS C CLASS D CLASS A PURCHASE DRIP PURCHASE DRIP TOTAL Shares outstanding, net of treasury 5,318,925 3,369,439 770,363 9,374,938 1,591,317 Amount invested per share   $ 10.00 $ 10.00 $ 10.00 $ 10.00 Total invested   $ 33,694,390 $ 7,703,630 $ 93,749,380 $ 15,913,170 Premium on total invested (1)   10.0 % 10.0 % 5.5 % 5.5 % Premium   $ 3,369,439 $ 770,363 $ 5,156,216 $ 875,224 $ 10,171,242 Total value to be exchanged   $ 37,063,829 $ 8,473,993 $ 98,905,596 $ 16,788,394 $ 161,231,812 Value of A Shares (2)   $ 19.00 $ 19.00 $ 19.00 $ 19.00 $ 19.00 A Shares to be issued   1,950,728 446,000 5,205,558 883,600 8,485,885 A Shares currently outstanding 2,659,463 A Shares outstanding post-recap 11,145,348 A Shares to be issued 8,485,885 Shares issued from treasury (657,782 ) Newly issued shares 7,828,103 A Shares outstanding post-recap 11,145,348 (1) The conversion price of Class C Shares as set forth in the AmREIT Declaration of Trust was equal to $11.00 per share (i.e., a 10% premium on the $10.00 issuance price), which is referred to as the Class C Conversion Price. The conversion price of Class D Shares as set forth in the Declaration of Trust was equal