XML 76 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 12 - Construction Loans
9 Months Ended
Sep. 30, 2012
Construction Loans [Text Block]
12. Construction Loans

As of September 30, 2012, the Company had two construction loans with total loan commitments aggregating $68.6 million, of which $42.9 million has been funded. These loans are scheduled to mature in 2014 and 2035 and bear interest at rates of LIBOR plus 1.90% (2.11%  as of September 30, 2012) and 5.72%.  These construction loans are collateralized by the respective projects and associated tenants’ leases.