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Note 6 - Other Real Estate Investments | 6 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
Other Real Estate Investments and Other Assets [Text Block] | 6. Other Real Estate Investments The Company has provided capital to owners and developers of real estate properties through its Preferred Equity Program. The Company’s maximum exposure to losses associated with its preferred equity investments is primarily limited to its net investment. As of June 30, 2019, the Company’s net investment under the Preferred Equity Program was $173.5 million relating to 247 properties, including 236 net leased properties. During the six months ended June 30, 2019, the Company recognized income of $19.5 million from its preferred equity investments, including profit participation of $9.8 million. During the six months ended June 30, 2018, the Company recognized income of $19.5 million from its preferred equity investments, including profit participation of $10.0 million. These amounts are included in Equity in income of other real estate investments, net on the Company’s Condensed Consolidated Statements of Income.

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