Acquisitions, Dispositions, and Mortgage Funding (Tables)

6 Months Ended

Jun. 30, 2013

Acquisitions and Dispositions [Abstract]

Schedule Of Real Estate Acquisitions by Geographic Location

The following table details the Company's acquisitions for the six months ended June 30, 2013:

(Dollars in millions)	Date Acquired	Purchase Price		Cash Consideration		Real Estate		Other		Square Footage
Real estate acquisitions
Tennessee	1/29/13	$	16.2	$	16.2	$	15.7	$	0.5	52,225
Texas	4/8/13	16.3		16.3		16.3		—		42,627
		$	32.5	$	32.5	$	32.0	$	0.5	94,852

Schedule Of Real Estate Dispositions by Geographic Location

The following table details the Company's dispositions for the six months ended June 30, 2013:

(Dollars in millions)	Date Disposed	Sales Price		Closing Adjustments			Company-Financed Mortgage Notes			Net Proceeds		Net Real Estate Investment		Other (including receivables)		Gain/ (Impairment)			Square Footage
Real estate dispositions
Texas (land)	3/25/2013	$	5.0	$	(0.2	)	$	(3.7	)	$	1.1	$	8.1	$	—	$	(3.3	)	—
Tennessee (1)	4/30/2013	0.6		—			(0.6		)	—		0.4		—		—			17,696
Texas	5/15/2013	1.3		(0.1		)	—			1.2		0.9		—		0.3			8,000
Texas (1)	5/24/2013	3.2		(0.2		)	—			3.0		3.0		—		—			100,920
Iowa (2) (3)	6/3/2013	6.9		—			—			6.9		5.3		0.1		1.5			31,725
Total dispositions		$	17.0	$	(0.5	)	$	(4.3	)	$	12.2	$	17.7	$	0.1	$	(1.5	)	158,341

(1) Previously included in assets held for sale.

(2) Includes two properties.

(3) Repaid a mortgage note payable upon sale of $1.1 million and incurred debt extinguishment costs of $0.3 million.

Discontinued Operations and Assets Held for Sale

At June 30, 2013 and December 31, 2012, the Company had two and one properties, respectively, classified as held for sale.

(Dollars in thousands)	June 30, 2013			December 31, 2012
Balance Sheet data:
Land	$	—		$	3,835
Buildings, improvements and lease intangibles	29,425			5,566
Personal property	—			207
	29,425			9,608
Accumulated depreciation	(10,780		)	(6,303		)
Assets held for sale, net	18,645			3,305
Other assets, net (including receivables)	43			32
Assets of discontinued operations, net	43			32
Assets held for sale and discontinued operations, net	$	18,688		$	3,337
Accounts payable and accrued liabilities	$	23		$	99
Other liabilities	257			32
Liabilities of discontinued operations	$	280		$	131

	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in thousands)	2013			2012			2013			2012
Statements of Operations data:
Revenues
Rental income	$	934		$	2,179		$	1,947		$	6,631
Other operating	—			5			—			10
	934			2,184			1,947			6,641
Expenses
Property operating	120			611			458			1,741
General and administrative	—			—			1			5
Depreciation	25			699			114			1,648
Amortization	7			26			18			51
Bad debt, net of recoveries	—			—			—			(1		)
	152			1,336			591			3,444
Other Income (Expense)
Loss on extinguishment of debt	(270		)	—			(270		)	—
Interest expense	(17		)	(25		)	(41		)	(49		)
Interest and other income, net	6			49			7			165
	(281		)	24			(304		)	116
Discontinued Operations
Income from discontinued operations	501			872			1,052			3,313
Impairments	—			(167		)	(3,630		)	(4,336		)
Gain on sales of real estate properties	1,783			3			1,783			3,431
Income (Loss) from Discontinued Operations	$	2,284		$	708		$	(795	)	$	2,408