Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

Schedule of development activity

December 31, 2012, the Company had two construction mortgage loans and twelve properties in the process of stabilization subsequent to construction.

(Dollars in thousands)	Number of Properties	Approximate Square Feet	Funded During Year  Ended December 31, 2012		Total Amount Funded Through December 31,  2012		Estimated Remaining Budget
Construction mortgage notes	2	386,000	$	77,985	$	118,441	$	84,173
Stabilization in progress	12	1,282,716	38,459		405,941		$35,000 - $45,000
Construction in progress	0	—	—		—		—
Total	14	1,668,716	$	116,444	$	524,382

Minimum lease payments for its operating leases

The Company’s future minimum lease payments for its operating leases, excluding leases that the Company has prepaid and leases in which an operator pays or fully reimburses the Company, as of December 31, 2012 were as follows (in thousands):

2013	$	4,390
2014	4,466
2015	4,535
2016	4,591
2017	4,634
2018 and thereafter	245,453
	$	268,069