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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Assets    
Land $ 49,114 $ 49,114
Buildings and improvements 487,396 487,396
Construction in progress 9,864 4,983
Real estate properties, gross 546,374 541,493
Less accumulated depreciation (150,063) (146,698)
Real estate properties, net 396,311 394,795
Mortgage notes receivable, net 77,853 78,672
Investment in preferred stock, at cost 38,132 38,132
Cash and cash equivalents 6,927 15,886
Marketable securities 11,772 11,364
Accounts Receivable, Net 1,373 1,184
Straight-line rent receivable 9,768 8,706
Assets held for sale, net 29,381 29,381
Deferred costs and other assets 1,387 1,443
Total Assets 572,904 579,563
Liabilities and Stockholders' Equity    
Long-term Line of Credit 95,300 97,300
Real estate purchase liabilities 9,478 9,478
Accounts payable and accrued expenses 2,818 3,483
Dividends Payable 18,061 24,144
Deferred income 1,633 1,673
Total Liabilities 127,290 136,078
Commitments and Contingencies      
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]    
Common stock, $.01 par value; 40,000,000 shares authorized; 27,709,611 and 27,689,392 shares issued and outstanding, respectively 278 278
Capital in excess of par value 467,110 465,678
Cumulative dividends in excess of net income (29,363) (29,652)
Unrealized gains on marketable securities 7,589 7,181
Total Stockholders' Equity 445,614 443,485
Total Liabilities and Stockholders' Equity $ 572,904 $ 579,563