XML 18 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Concentration Risks
12 Months Ended
Dec. 31, 2011
Concentration Risks

18. Concentration Risks

 

The Company has historically relied on Wells Fargo Bank, N. A. (as successor to Wachovia Bank, N. A.) to provide a significant portion of its cash for financing its portfolio investments, including through short-term borrowing facilities to facilitate the Company’s portfolio investment and mortgage financings on its owned real properties. Deterioration in the financial condition of Wells Fargo Bank, N. A. could have a negative impact on the Company’s business, operating results and financial condition. As of December 31, 2011, Wells Fargo Bank, N. A. carried a senior unsecured credit rating of AA- from Standard & Poor’s.

 

During 2011, approximately 12.8% of the Company’s total revenues were derived from one tenant (the United States Government).