Notes and Accounts Receivable, Net

12 Months Ended

Jan. 31, 2012

Notes and Accounts Receivable, Net [Abstract]

Notes and Accounts Receivable, Net

B. Notes and Accounts Receivable, Net

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

	Years Ended January 31,
	2012		2011
	(dollars in thousands)
Straight-line rent from tenants	$	136,486	$	162,353
Military Housing, primarily reimbursable construction costs		37,830		38,151
Stapleton advances (see below)		82,920		64,065
Receivables from tenants		30,616		34,724
Other accounts receivable		98,402		81,989
Notes receivable		45,865		53,011
		432,119		434,293
Allowance for doubtful accounts		(25,875)		(31,192)
Notes and Accounts Receivable, Net	$	406,244	$	403,101
Weighted average interest rate on notes receivable		5.14%		5.34%
Notes receivable due within one year	$	16,898	$	18,330

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 $6,439,000, $4,237,000 and $3,120,000 of interest income related to these advances for the years ended January 31, 2012, 2011 and 2010, respectively. The advances had a weighted average interest rate of 8.75% at January 31, 2012.