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Deferred Revenue
9 Months Ended
Sep. 30, 2012
Deferred Revenue [Abstract]  
Deferred Revenue

Note 8:   Deferred Revenue

 

Under the terms of the respective leases at the Grand Rapids, Michigan and Rockville, Maryland properties, the anchor tenant had the option of either refinancing the existing underlying indebtedness or paying it off. In January 2012, the Anchor Tenant elected to satisfy the underlying indebtedness in full on both properties in the approximate amount of $4,121. Accordingly, NPAMLP reduced the wraparound mortgages payable balance on these properties in the same amount. In accordance with the FASB authoritative guidance, NPAMLP recognized deferred revenue, and will be amortizing the balance on a straight line basis to income over the balance of the respective lease terms. The revenue recognized for the three and nine month periods ended September 30, 2012 was $85 and $255, respectively. As of September 30, 2012, the balance of deferred revenue for these leases was $3,866.