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Note 6 - Other Real Estate Investments | 6 Months Ended
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Jun. 30, 2012
Other Real Estate Investments [Text Block] | 6. Other Real Estate Investments Preferred Equity Capital - The Company has provided capital to owners and developers of real estate properties through its Preferred Equity program. As of June 30, 2012, the Company’s net investment under the Preferred Equity program was $311.6 million relating to 520 properties, including 397 net leased properties. During the six months ended June 30, 2012, the Company earned $16.6 million from its preferred equity investments, including $4.5 million in profit participation earned from 8 capital transactions. During the six months ended June 30, 2011, the Company earned $9.1 million from its preferred equity investments, including $0.9 million in profit participation earned from four capital transactions. During the six months ended June 30, 2012, the Company, amended one of its preferred equity agreements to restructure its investment, into a pari passu joint venture investment in which the Company holds a noncontrolling interest. As a result of the amendment, the Company continues to account for this investment under the equity method of accounting and from the date of the amendment will include this investment in Investments and advances to real estate joint ventures within the Company’s Condensed Consolidated Balance Sheets. Other – The Company holds a 13.4% noncontrolling interest in a joint venture with an investment group, which owns a portion of Albertson’s Inc. During the six months ended June 30, 2012, the joint venture distributed $50.3 million of which the Company received $6.9 million and recognized income of $6.9 million, before income taxes, as the cash received was in excess of the Company’s investment.

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