XML 21 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments in Real Estate (Details) (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
New properties acquired [Abstract]      
Investments in new properties $ 1,020,000,000    
Purchase price allocation [Abstract]      
Net premiums recorded upon assumption of mortgages 820,000    
Total revenue 416,730,000 339,642,000 318,589,000
Income from continuing operations 148,079,000 118,128,000 116,083,000
Capitalized costs on existing properties 6,586,061    
Building and tenant improvements included in capitalized costs on existing properties 2,435,950 2,044,036 1,853,609
Intangible value of the in-place leases 123,255,000 21,635,000  
Intangible value of above-market leases 30,081,000 4,586,000  
Intangible value of below-market leases 6,423,000 3,452,000  
Pro forma Information [Abstract]      
Total revenue 463,600,000 [1] 416,900,000 [1]  
Income from continuing operations 153,200,000 [1] 127,900,000 [1]  
Real Estate Investments [Member]
     
New properties acquired [Abstract]      
Investments in new properties 1,020,000,000 713,500,000  
Number of new properties 164 186  
New properties weighted average contractual lease rate (in hundredths) 7.80% 7.90%  
New properties U.S. states of location 26 14  
New properties leasable square feet (in square feet) 6,200,000 2,200,000  
New properties leased percentage (in hundredths) 100.00% 100.00%  
New properties average lease term (in years) 13.4Y 15.7Y  
Acquisition transaction costs 1,500,000 368,000  
Purchase price allocation [Abstract]      
Amount of acquisitions allocated to land 239,300,000 358,300,000  
Amount of acquisitions allocated to buildings and improvements 645,000,000 339,800,000  
Amount of notes receivable assumed 8,800,000    
Amount of mortgages payable assumed 67,400,000    
Amount of acquisitions allocated to intangible assets 137,000,000 17,000,000  
Amount of acquisitions allocated to intangible liabilities 5,100,000 1,600,000  
Net premiums recorded upon assumption of mortgages 820,000    
Capitalized costs on existing properties 4,200,000 3,600,000  
Re-leasing costs included in capitalized costs on existing properties 1,700,000 1,500,000  
Building and tenant improvements included in capitalized costs on existing properties 2,500,000 2,100,000  
Acquired Real Estate [Member]
     
Purchase price allocation [Abstract]      
Total revenue 32,400,000    
Income from continuing operations 12,600,000    
Acquired Real Estate [Member] | Retail, Distribution, Office and Manufacturing [Member]
     
New properties acquired [Abstract]      
Investments in new properties 543,800,000 126,500,000  
Number of new properties 33 23  
New properties U.S. states of location   6  
New properties tenant industries   8  
Purchase price allocation [Abstract]      
Number of tenants leasing space   13  
Acquired Real Estate [Member] | Restaurants - Quick Service Industry [Member]
     
New properties acquired [Abstract]      
Investments in new properties 41,900,000    
Number of new properties 60    
Purchase price allocation [Abstract]      
Properties acquired under long term, net lease agreements 60    
Amount paid for properties acquired under long term, net lease agreements 41,900,000    
Acquired Real Estate [Member] | Wholesale Clubs Industry [Member]
     
New properties acquired [Abstract]      
Investments in new properties 156,100,000    
Number of new properties 6    
Purchase price allocation [Abstract]      
Properties acquired under long term, net lease agreements 6    
Amount paid for properties acquired under long term, net lease agreements 156,100,000    
Acquired Real Estate [Member] | Health and Fitness Industry [Member]
     
New properties acquired [Abstract]      
Investments in new properties 63,200,000    
Number of new properties 9    
Purchase price allocation [Abstract]      
Properties acquired under long term, net lease agreements 9    
Amount paid for properties acquired under long term, net lease agreements 63,200,000    
Acquired Real Estate [Member] | Remaining Properties [Member]
     
New properties acquired [Abstract]      
Investments in new properties 59,800,000    
Number of new properties 20    
Purchase price allocation [Abstract]      
Number of additional properties acquired   11  
Amount paid for additional properties acquired   35,300,000  
Acquired Real Estate [Member] | Winery and Vineyards [Member]
     
Purchase price allocation [Abstract]      
Amount paid for properties acquired under long term, net lease agreements   304,100,000  
Term of triple-net lease arrangements (in years)   20Y  
Wineries acquired   2  
Vineyards acquired   14  
Acreage of acquired vineyards (in acres)   3,600  
Square footage of wineries acquired (in square feet)   426,000  
Acquired Real Estate [Member] | Convenience Store [Member]
     
Purchase price allocation [Abstract]      
Properties acquired under long term, net lease agreements   135  
Amount paid for properties acquired under long term, net lease agreements   247,600,000  
Average leasable square feet per store (in square feet)   3,500  
Acreage of acquired convenience stores (in acres)   1.14  
Acquired Real Estate [Member] | Grocery Store Industry [Member]
     
New properties acquired [Abstract]      
Investments in new properties 151,400,000    
Number of new properties 36    
Real Estate Investments With Existing Leases [Member]
     
New properties acquired [Abstract]      
Investments in new properties 592,100,000 126,500,000  
Number of new properties 94 23  
Purchase price allocation [Abstract]      
Intangible value of the in-place leases 109,900,000 12,600,000  
Intangible value of above-market leases 27,100,000 4,400,000  
Intangible value of below-market leases $ 3,500,000 $ 1,600,000  
[1] This unaudited pro forma supplemental information does not purport to be indicative of what our operating results would have been had the acquisitions occurred on January 1, 2010, and may not be indicative of future operating results. No material, non-recurring pro-forma adjustments were included in the calculation of this information.