Investment in Mortgage Notes (Tables)

12 Months Ended

Dec. 31, 2011

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following table summarizes the carrying amounts of accounts receivable, net as of December 31, 2011 and 2010 (in thousands):

	December 31, 2011			December 31, 2010
Receivable from tenants	$	6,874		$	11,634
Receivable from non-tenants	1,265			155
Receivable from Canada Revenue Agency	1,099			3,293
Straight-line rent receivable	26,499			27,003
Deferred rent receivable (1)	4,420			4,420
Allowance for doubtful accounts	(5,152		)	(6,691		)
Total	$	35,005		$	39,814

(1) Rent deferral payments of $3.4 million are guaranteed by a private equity firm. During the year ended December 31, 2010, the Company also granted an additional rent deferral of $1.0 million that is not guaranteed by the private equity firm. This amount has been fully reserved at December 31, 2011 and 2010. Rent deferral payments are due on or before December 31, 2018 and bear interest at 8.7%.

Mortgage Receivable [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Investment in mortgage notes, including related accrued interest receivable, at December 31, 2011 and 2010 consists of the following (in thousands):

	2011		2010
(1) Mortgage note, 10.00%, due April 1, 2012	$	33,677	$	33,677
(2) Mortgage note and related accrued interest receivable, 9.00%, due May 31, 2012	1,303		—
(3) Mortgage notes, 7.00% and 10.00%, due May 1, 2019	178,384		168,994
(4) Mortgage note, 9.82%, due March 10, 2027	8,000		8,000
(5) Mortgage notes, 10.46%, due April 3, 2027	62,500		62,500
(6) Mortgage note, 9.68%, due October 30, 2027	41,233		32,233
Total mortgage notes and related accrued interest receivable	$	325,097	$	305,404

Schedule of Principal Payments and Related Accrued Interest Due By Year [Table Text Block]

Principal payments and related accrued interest due on mortgage notes receivable subsequent to December 31, 2011 are as follows (in thousands):

	Amount
Year:
2012	$	34,980
2013	—
2014	—
2015	—
2016	—
Thereafter	290,117
Total	$	325,097

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following summarizes the activity within the allowance for loan losses related to mortgage notes receivable for the year ended December 31, 2010 (in thousands):

	2010
Allowance for loan losses at January 1	$	35,776
Provision for loan losses	—
Charge-offs (1)	(35,776		)
Recoveries	—
Impact of foreign currency translation on ending balance	—
Allowance for loan losses at December 31	$	—

(1) This amount consists of the allowance for loan losses related to the Company’s mortgage note receivable on Toronto Dundas Square that was extinguished as a result of the March 4, 2010 purchase as further described in Note 3.