Notes and Accounts Receivable, Net

12 Months Ended

Jan. 31, 2013

Receivables [Abstract]

Notes and Accounts Receivable, Net

Notes and Accounts Receivable, Net

The components of notes and accounts receivable, net are as follows:

	Years Ended January 31,
	2013			2012
	(dollars in thousands)
Straight-line rent from tenants	$	148,906		$	136,486
Military Housing, primarily reimbursable construction costs	32,507			37,830
Stapleton advances (see below)	107,749			82,920
Receivables from tenants	29,551			30,616
Other accounts receivable	88,938			98,402
Notes receivable	44,407			45,865
	452,058			432,119
Allowance for doubtful accounts	(25,858		)	(25,875		)
Notes and Accounts Receivable, Net	$	426,200		$	406,244
Weighted average interest rate on notes receivable	4.58		%	5.14		%
Notes receivable due within one year	$	12,157		$	16,898

Stapleton Advances

Stapleton Land, LLC has made certain interest-bearing advances to the Park Creek Metropolitan District (the “District”) for in-tract infrastructure. The advances are subordinate to the District’s senior and subordinated bonds (see Note F - Financing Arrangements). The Company recorded $7,893,000, $6,439,000 and $4,237,000 of interest income related to these advances for the years ended January 31, 2013, 2012 and 2011, respectively. The advances had a weighted average interest rate of 8.70% at January 31, 2013.