Real Estate - Portfolio (Tables)

9 Months Ended

Sep. 30, 2012

Real Estate Investments, Net [Abstract]

Classification Of Investment Property Leases

The following outlines key information for NNN’s leases:

	September 30, 2012
Lease classification:
Operating	1,511
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):

	September 30, 2012			December 31, 2011
Land and improvements	$	1,411,703		$	1,310,785
Buildings and improvements	2,364,209			2,113,490
Leasehold interests	1,290			1,290
	3,777,202			3,425,565
Less accumulated depreciation and amortization	(317,858		)	(269,472		)
	3,459,344			3,156,093
Work in progress	106,438			54,929
	$	3,565,782		$	3,211,022

Remaining Funding Commitments

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

	September 30, 2012
	# of Properties	Total Commitment(1)		Amount Funded		Remaining Commitment
Real Estate Portfolio	54	$	184,286	$	146,715	$	37,571

⁽¹⁾ Includes land and construction costs.