Real Estate - Portfolio (Tables)

6 Months Ended

Jun. 30, 2012

Real Estate Investments [Abstract]

Classification Of Investment Property Leases

The following outlines key information for NNN’s leases:

	June 30, 2012
Lease classification:
Operating	1,493
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):

	June 30, 2012			December 31, 2011
Land and improvements	$	1,390,175		$	1,315,339
Buildings and improvements	2,309,079			2,118,303
Leasehold interests	1,290			1,290
	3,700,544			3,434,932
Less accumulated depreciation and amortization	(302,435		)	(270,023		)
	3,398,109			3,164,909
Work in progress	87,710			60,210
	$	3,485,819		$	3,225,119

Remaining Funding Commitments

In connection with the improvements of leased Properties, NNN has the following funding commitments (dollars in thousands):

	June 30, 2012
	# of Properties	Total Commitment(1)		Amount Funded		Remaining Commitment
Real Estate Portfolio	54	$	167,243	$	127,693	$	39,550

⁽¹⁾ Includes land and construction costs.