Spirit Realty Capital, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company�s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries. Single-tenant, operationally essential real estate consists of properties that are generally free-standing, commercial real estate facilities where its tenants conduct retail, service or distribution activities. as of December 31, 2012, the Company�s portfolio of 1,122 owned properties were leased to approximately 165 tenants.