Notes Receivable (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%.

Notes Receivable [Member]

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

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

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

	2011			2010
(1) Note and related accrued interest receivable, 9.23%, due August 31, 2012	$	3,751		$	3,751
(2) Note and related accrued interest receivable, 6.00%, due December 31, 2017	1,212			1,332
(3) Notes and related accrued interest receivable, 12.00% to 15.00%, past due	8,074			8,074
(4) Other	174			166
Total notes and related accrued interest receivable	$	13,211		$	13,323
Less: Loan loss reserves	(8,196		)	(8,196		)
Total notes and related accrued interest receivable, net	$	5,015		$	5,127

(1) The Company has a note receivable from Mosaica Education, Inc. of $3.8 million at December 31, 2011 and 2010. This note bears interest at 9.23% and interest payments are due monthly. The note is secured by certain pledge agreements and other collateral. The Company also has the right to call the note and 120 days after such notice to theborrower, the note becomes due and payable, including all related accrued interest. Interest income from this loan was $346 thousand for each of the years ended December 31, 2011 and 2010 and $349 thousand for the year ended December 31, 2009.

(2) The Company has a note receivable from Rb Wine Associates, LLC (Rb Wine) to provide a $2.0 million revolving credit facility. This note bears interest at 6% is secured by certain pledge agreements and other collateral including personal guarantees from the principals of Rb Wine. A loan loss reserve of $122 thousand was recorded for the year ended December 31, 2009 based on an analysis of the present value of the expected future cash flows of this note. Interest income from this loan was $76 thousand, $82 thousand and $147 thousand for the years ended December 31, 2011, 2010 and 2009, respectively.

(3) The Company has two notes receivable from a former tenant, Sapphire Wines, LLC, of $8.1 million at December 31, 2011 and 2010. These notes bear interest at 12.0% and 15.0%. The notes are secured by certain pledge agreements and other collateral, including a personal guarantee of the principal of Sapphire Wines LLC and are fully reserved at December 31, 2011 and 2010. No interest income was recognized during the years ended December 31, 2011 and 2010. Interest income of $363 thousand was recognized during the year ended December 31, 2009 which represents payments received by the Company.

(4) The Company has one other note receivable totaling $174 thousand with an interest rate of 6.33% at December 31, 2011

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

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

	Amount
Year:
Past due (100% reserved)	$	8,074
2012	3,862
2013	118
2014	126
2015	133
2016	141
Thereafter	757
Total	$	13,211

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

The following summarizes the activity within the allowance for loan losses related to notes receivable for the years ended December 31, 2011 and 2010 (in thousands):

	2011		2010
Allowance for loan losses at January 1	$	8,196	$	36,197
Provision for loan losses	—		700
Charge-offs	—		(28,701		)
Recoveries	—		—
Allowance for loan losses at December 31	$	8,196	$	8,196