Realty Income Signs Definitive Agreements To Acquire $503 Million In Real Estate Assets

  Realty Income Signs Definitive Agreements To Acquire $503 Million In Real
                                Estate Assets

PR Newswire

ESCONDIDO, Calif., Dec. 17, 2013

ESCONDIDO, Calif., Dec. 17, 2013 /PRNewswire/ -- Realty Income Corporation
(Realty Income), the Monthly Dividend Company^®, (NYSE: O), announced today
that the company has signed purchase and sale agreements with Inland
Diversified Real Estate Trust, Inc. ("Inland") and certain subsidiaries of
Inland, to acquire 84 single-tenant, 100% net-leased properties, for
approximately $503million.The acquisition will be financed with
approximately $349 million in cash and the assumption of approximately $154
million of debt. The portfolio to be acquired consists of primarily retail,
industrial and distribution properties leased to 16 tenants, in 12 different
industries, located in 22 states, with an initial average lease term of 13.7
years. In addition, 68% of the rental revenue is generated by investment grade
tenants. The transaction is expected to close during the first quarter of
2014. However, the acquisition of these properties is subject to certain
closing conditions, and it is possible that the company will not acquire some
or all of these properties, or that the timing of the closing will be delayed.


About the Company
Realty Income is The Monthly Dividend Company^®, a New York Stock Exchange
real estate company dedicated to providing shareholders with dependable
monthly income. To date, the company has paid 521 consecutive monthly dividend
payments throughout its 44-year operating history. The monthly income is
supported by the cash flow from over 3,800 properties owned under long-term
lease agreements with 200 leading regional and national commercial
enterprises. The company is an active buyer of commercial properties
nationwide. Additional information about the company can be obtained from the
corporate website at or

Forward-Looking Statements
Statements in this press release that are not strictly historical are
"forward-looking" statements. Forward-looking statements involve known and
unknown risks, which may cause the company's actual future results to differ
materially from expected results. These risks include, among others, general
economic conditions, local real estate conditions, tenant financial health,
the availability of capital to finance planned growth, continued volatility
and uncertainty in the credit and broader financial markets, property
acquisitions and the timing of these acquisitions, charges for property
impairments, and the outcome of any legal proceedings to which the company is
a party, as described in the company's filings with the Securities and
Exchange Commission. Consequently, forward-looking statements should be
regarded solely as reflections of the company's current operating plans and
estimates. Actual operating results may differ materially from what is
expressed or forecast in this press release. The company undertakes no
obligation to publicly release the results of any revisions to these
forward-looking statements that may be made to reflect events or circumstances
after the date these statements were made.

Note to Editors:
Realty Income press releases are available through the Internet at

SOURCE Realty Income Corporation

Contact: Tere H.Miller, Vice President, Investor Relations and Corporate
Communications, (760) 741-2111, ext. 1177
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