Real Estate Investments (Tables)

9 Months Ended

Sep. 30, 2013

Acquisitions and Dispositions [Abstract]

Schedule Of Real Estate Acquisitions by Geographic Location

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

(Dollars in millions)	Date Acquired	Purchase Price		Elimination of Construction Mortgage Note Receivable			Mortgage Notes Payable Assumed			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
Indiana	8/8/13	44.3		—			—			44.3		43.3		1.0		205,573
Colorado (1)	9/27/13	33.2		—			(12.0		)	21.2		32.9		0.3		80,153
Missouri	9/27/13	102.6		(97.2		)	—			5.4		102.6		—		186,000
		$	212.6	$	(97.2	)	$	(12.0	)	$	103.4	$	210.8	$	1.8	566,578

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(1) The mortgage note payable assumed in the acquisition does not reflect the fair value adjustment of $0.7 million recorded by the Company upon acquisition (included in Other).

Schedule Of Real Estate Dispositions by Geographic Location

The following table details the Company's dispositions for the nine months ended September 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
Florida (1)	7/15/2013	11.9		(0.2		)	—			11.7		7.4		—		4.3			62,782
Alabama (1)	7/31/2013	17.5		(0.1		)	—			17.4		11.2		—		6.2			82,000
Pennsylvania	9/30/2013	17.6		(0.3		)	—			17.3		12.2		—		5.1			76,324
Pennsylvania	9/30/2013	17.6		(0.4		)	—			17.2		12.6		—		4.6			79,560
Total dispositions		$	81.6	(1.5		)	(4.3		)	75.8		61.1		0.1		18.7			459,007

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(1) Previously included in assets held for sale.

(2) Includes two properties.

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

Discontinued Operations and Assets Held for Sale

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

(Dollars in thousands)	September 30, 2013			December 31, 2012
Balance Sheet data:
Land	$	1,579		$	3,835
Buildings, improvements and lease intangibles	20,744			5,566
Personal property	—			207
	22,323			9,608
Accumulated depreciation	(13,350		)	(6,303		)
Assets held for sale, net	8,973			3,305
Other assets, net (including receivables)	111			32
Assets of discontinued operations, net	111			32
Assets held for sale and discontinued operations, net	$	9,084		$	3,337
Accounts payable and accrued liabilities	$	1,001		$	99
Other liabilities	23			32
Liabilities of discontinued operations	$	1,024		$	131

	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in thousands)	2013			2012			2013			2012
Statements of Operations data:
Revenues
Rental income	$	1,513		$	3,364		$	6,544		$	13,354
Other operating	—			4			—			19
	1,513			3,368			6,544			13,373
Expenses
Property operating	317			804			1,052			2,754
General and administrative	—			3			1			9
Depreciation	285			961			1,294			3,503
Amortization	—			26			18			77
Bad debt, net of recoveries	1			(1		)	1			(2		)
	603			1,793			2,366			6,341
Other Income (Expense)
Loss on extinguishment of debt	—			—			(270		)	—
Interest expense	—			(24		)	(40		)	(73		)
Interest and other income, net	4			3			11			168
	4			(21		)	(299		)	95
Discontinued Operations
Income from discontinued operations	914			1,554			3,879			7,127
Impairments	(6,259		)	(2,860		)	(9,889		)	(7,197		)
Gain on sales of real estate properties	20,187			6,265			21,970			9,696
Income from Discontinued Operations	$	14,842		$	4,959		$	15,960		$	9,626