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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Real Estate:    
Land $ 318,814 $ 345,473
Buildings and improvements 208,325 270,381
Total Real Estate 527,139 615,854
Less - accumulated depreciation and amortization (106,931) (137,117)
Real estate held for use, net 420,208 478,737
Real estate held for sale, net 25,340  
Real estate, net 445,548 478,737
Net investment in direct financing leases 91,904 92,632
Deferred rent receivable (net of allowance of $0 at December 31, 2012 and $25,630 at December 31, 2011) 12,448 8,080
Cash and cash equivalents 16,876 7,698
Notes, mortgages and accounts receivable (net of allowance of $25,371 at December 31, 2012 and $9,480 at December 31, 2011) 41,865 36,083
Prepaid expenses and other assets 31,940 11,859
Total assets 640,581 635,089
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Borrowings under credit line 150,290 147,700
Term loan 22,030 22,810
Environmental remediation obligations 46,150 57,700
Dividends payable 4,202   
Accounts payable and accrued liabilities 45,160 34,710
Total liabilities 267,832 262,920
Commitments and contingencies (notes 2, 3, 5 and 6)      
Shareholders' equity:    
Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,396,720 at December 31, 2012 and 33,394,395 at December 31, 2011 334 334
Paid-in capital 461,426 460,687
Dividends paid in excess of earnings (89,011) (88,852)
Total shareholders' equity 372,749 372,169
Total liabilities and shareholders' equity $ 640,581 $ 635,089