Note 6 - Other Real Estate Investments and Other Assets	9 Months Ended
Sep. 30, 2018
Notes to Financial Statements
Other Real Estate Investments and Other Assets [Text Block]	6. Other Real Estate Investments and Other Assets Preferred Equity Capital - The Company previously provided capital to owners and developers of real estate properties through its Preferred Equity Program. The Company’s maximum exposure to losses associated with its preferred equity investments is primarily limited to its net investment. As of September 30, 2018, the Company’s net investment under the Preferred Equity Program was $175.2 million relating to 285 properties, including 273 net leased properties. During the nine months ended September 30, 2018, the Company recognized income of $24.4 million from its preferred equity investments, including $10.5 million in profit participation earned from six capital transactions. These amounts are included in Equity in income of other real estate investments, net on the Company’s Condensed Consolidated Statements of Income. Albertsons - As of September 30, 2018, the Company owns 9.74% of the common stock of Albertsons Companies, Inc. (“ACI”) through two wholly-owned partnerships and accounts for this investment on the cost method. The Company’s net investment of $140.2 million in ACI is included in Other assets on the Company’s Condensed Consolidated Balance Sheets. On February 20, 2018, ACI announced the execution of a definitive merger agreement under which ACI would acquire all the outstanding shares of Rite Aid Corporation (NYSE: RAD) (“RAD”). RAD scheduled a special stockholder meeting for August 9, 2018 for its stockholders of record to vote on the proposed merger with ACI. However, RAD and ACI mutually agreed to terminate the definitive merger agreement prior to this special stockholder meeting.

Other Real Estate Investments

and Other Assets

Preferred Equity Capital -

The Company previously provided capital to owners and developers of real estate properties through its Preferred Equity Program. The Company’s maximum exposure to losses associated with its preferred equity investments is primarily limited to its net investment. As of

September 30, 2018,

the Company’s net investment under the Preferred Equity Program was

$175.2

million relating to

285

properties, including

273

net leased properties. During the

nine

months ended

September 30, 2018,

the Company recognized income of

$24.4

million from its preferred equity investments, including

$10.5

million in profit participation earned from

six

capital transactions. These amounts are included in Equity in income of other real estate investments, net on the Company’s Condensed Consolidated Statements of Income.

Albertsons

As of

September 30, 2018,

the Company owns

9.74%

of the common stock of Albertsons Companies, Inc. (“ACI”) through

two

wholly-owned partnerships and accounts for this investment on the cost method. The Company’s net investment of

$140.2

million in ACI is included in Other assets on the Company’s Condensed Consolidated Balance Sheets.

February 20, 2018,

ACI announced the execution of a definitive merger agreement under which ACI would acquire all the outstanding shares of Rite Aid Corporation (NYSE: RAD) (“RAD”). RAD scheduled a special stockholder meeting for

August 9, 2018

for its stockholders of record to vote on the proposed merger with ACI. However, RAD and ACI mutually agreed to terminate the definitive merger agreement prior to this special stockholder meeting.