On December 30, 2013, American Realty Capital Global Trust, Inc. completed the acquisition of the fee simple interests in 18 restaurants located in Puerto Rico for an aggregate contract purchase price of $37.5 million, exclusive of closing costs, and comprised of 65,262 rentable square feet, comprising the balance of the Fortress Portfolio. The company also through a wholly owned subsidiary of its operating partnership, closed the acquisition of the remaining fee simple interests in the Fortress Portfolio for an aggregate contract purchase price of $37.5 million, exclusive of closing costs. The total contract purchase price of the Fortress Portfolio was $66.1 million, exclusive of closing costs.

The Fortress Portfolio contains an aggregate of 351,592 rentable square feet and is 100% leased to two distinct tenants. The aggregate annualized straight-line rental income for the Fortress Portfolio is $5.6 million.