Real Estate - Portfolio (Tables)

3 Months Ended

Mar. 31, 2012

Real Estate Investments [Abstract]

Classification Of Investment Property Leases

The following outlines key information for NNN’s leases at March 31, 2012:

Lease classification:
Operating	1,449
Direct financing	14
Building portion – direct financing / land portion – operating	5
Weighted average remaining lease term	12 Years

Summary Of Real Estate Subject To Operating Leases

Real estate subject to operating leases consisted of the following as of (dollars in thousands):

	March 31, 2012			December 31, 2011
Land and improvements	$	1,368,270		$	1,314,438
Buildings and improvements	2,238,497			2,117,157
Leasehold interests	1,290			1,290
	3,608,057			3,432,885
Less accumulated depreciation and amortization	(285,560		)	(269,687		)
	3,322,497			3,163,198
Work in progress	71,409			60,106
	$	3,393,906		$	3,223,304

Remaining Funding Commitments

As of March 31, 2012, in connection with the improvements of leased Properties, NNN has the following funding commitments (dollars in thousands):

	# of Properties	Total Commitment(1)		Amount Funded		Remaining Commitment
Real Estate Portfolio	60	$	184,819	$	123,858	$	60,961

⁽¹⁾  Includes land and construction costs.