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Note 6 - Other Real Estate Investments | 9 Months Ended
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Sep. 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 September 30, 2012, the Company’s net investment under the Preferred Equity program was $297.4 million relating to 509 properties, including 397 net leased properties. During the nine months ended September 30, 2012, the Company earned $26.0 million from its preferred equity investments, including $6.6 million in net profit participation earned from 17 capital transactions. During the nine months ended September 30, 2011, the Company earned $19.8 million from its preferred equity investments, including $3.9 million in profit participation earned from seven capital transactions. During the nine months ended September 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 nine months ended September 30, 2012, the joint venture distributed $50.3 million of which the Company received $6.9 million. As a result of this transaction, the Company 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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