(1)

FAD and Adjusted EBITDA are non-GAAP measures.  For definitions and reconciliations of Non-GAAP measures, please refer to the exhibit to this press release.

1)

U.S. Long Term Capital Gain realized on the sale of a United States Real Property Holding Corporation. As a result, the gain from the sale will be treated as income that is effectively connected with a U.S. trade or business.

2)

Eligible for the U.S. portfolio interest exemption for any holder not considered a 10-Percent shareholder under §871(h)(3)(B) of the Code.

3)

This income is subject to withholding under §1441 of the Code.

4)

This income is not subject to withholding under §1441 or §1446 of the Code.

Pro-rata share of Adjusted Net Income from unconsolidated entities includes the Company’s proportionate share of the unconsolidated entities’ net income   (loss) of adjusted for the excluded and included items detailed in the table above, for which there were no adjustments.

 Non-controlling share of Adjusted Net Income is comprised of the following for the three months ended June 30, 2016 and 2015: (i) equity-based compensation of $5 and $377, (ii) provision for income tax of $0 and $20, and (iii) asset impairment charges of $3,725 and $0 less (iv) cash tax payments of $20 and $71, respectively. Non-controlling share of Adjusted Net Income is comprised of the following for the six months ended June 30, 2016 and 2015: (i) equity-based compensation of $(1,614) and $731, (ii) provision for income tax of $14 and $20, (iii) loss on extinguishment of debt of $616 and $0, and (iv) asset impairment charges of $3,725 and $0 less (v) cash tax payments of $20 and $71, respectively.

Depreciation and amortization expense includes $14,701 and $10,765 of depreciation and amortization expense, $1,576 and $1,697 of lease intangible amortization, and $60 and $60 of amortization for lease incentives in the three months ended June 30, 2016 and 2015, respectively. Depreciation and amortization expense includes $27,918 and $21,327 of depreciation and amortization expense, $3,154 and $3,793 of lease intangible amortization, and $119 and $120 of amortization for lease incentives in the six months ended June 30, 2016 and 2015, respectively.

The Company’s pro-rata share of Adjusted EBITDA from unconsolidated entities includes the following items for the three months ended June 30, 2016 and 2015: (i) net (loss) income of $(320) and $1,172, (ii) interest expense of $257 and $415, (iii) depreciation and amortization expense of $851 and $307, respectively. The Company’s pro-rata share of Adjusted EBITDA from unconsolidated entities includes the following items for the six months ended June 30, 2016 and 2015: (i) net (loss) income of $(267) and $2,357, (ii) interest expense of $661 and $948, and (iii) depreciation and amortization expense of $1,766 and $611, respectively.

Non-controlling share of Adjusted EBITDA is comprised of the following items for the three months ended June 30, 2016 and 2015: (i) equity based compensation of $5 and $377, (ii) provision for income taxes of $0 and $20, (iii) interest expense of $1,490 and $1,207, (iv) depreciation and amortization expense of $1,682 and $1,450, and (v) asset impairment charges of $3,725 and $0, respectively. Non-controlling share of Adjusted EBITDA is comprised of the following items for the six months ended June 30, 2016 and 2015: (i) equity based compensation of $(1,614) and $731, (ii) provision for income taxes of $14 and $20, (iii) interest expense of $2,956 and $2,445, (iv) depreciation and amortization expense of $3,238 and $2,841, (v) loss on extinguishment of debt of $616 and $0, and (vi) asset impairment charge of $3,725 and $0, respectively.

Proceeds from sale of assets includes $500 received in December 2015 for a deposit on the sale of a commercial jet engine, which was completed in the six months ended June 30, 2016.

Required payments on debt obligations excludes $98,750 repayment upon the termination of the Jefferson Terminal Credit Agreement and $5,748 repayment under the CMQR Credit Agreement in the six months ended June 30, 2016, both of which were voluntary refinancing as repayment of such amounts were not required at this time.

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FAD does not include equity capital called from the Company’s existing limited partners, proceeds from any debt issuance or future equity offering, historical cash and cash equivalents and expected investments in the Company’s operations.

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FAD does not give pro forma effect to prior acquisitions, certain of which cannot be quantified.

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While FAD reflects the cash inflows from sale of certain assets, FAD does not reflect the cash outflows to acquire assets as the Company relies on alternative sources of liquidity to fund such purchases.

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FAD does not reflect expenditures related to capital expenditures, acquisitions and other investments as the Company has multiple sources of liquidity and intends to fund these expenditures with future incurrences of indebtedness, additional capital contributions and/or future issuances of equity.

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FAD does not reflect any maintenance capital expenditures necessary to maintain the same level of cash generation from our capital investments.

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FAD does not reflect changes in working capital balances as management believes that changes in working capital are primarily driven by short term timing differences, which are not meaningful to the Company’s distribution decisions.

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Management has significant discretion to make distributions, and the Company is not bound by any contractual provision that requires it to use cash for distributions.