Notes Receivable Backed by Real Estate (Tables)

6 Months Ended

Jun. 30, 2012

Notes Receivable Backed by Real Estate [Abstract]

Summary of notes receivable backed by real estate

	$188 million Preferred Equity Interest		$55 million Preferred Equity Interest			NAIF II Secured Mortgage Receivable (1)			Total
Balance as of December 31, 2011	$	188,000	$	55,970		$	78,864		$	322,834
Elimination upon acquisition of NAIF II		—		—			(78,864	)		(78,864	)
Accrued interest/(interest payments received), net		1,694		(10	)		—			1,684
Balance as of June 30, 2012	$	189,694	$	55,960		$	—		$	245,654

(1) The balance as of December 31, 2011 represented a loan to NAIF II secured by 12 buildings. In February 2012, we purchased the remaining interest in NAIF II. As a result, we began consolidating this entity and eliminated this note receivable. See Note 2 for more detail on this transaction.