Mortgages, Notes and Accrued Interest Receivable

12 Months Ended

Dec. 31, 2012

Mortgages, Notes and Accrued Interest Receivable [Abstract]

Mortgages, Notes and Accrued Interest Receivable

Mortgages, Notes and Accrued Interest Receivable:

Mortgages are secured by real estate, real estate securities or other assets. Mortgages and notes receivable consisted of the following at December 31 (dollars in thousands):

	2012			2011
Mortgages and notes receivable	$	26,952		$	32,751
Accrued interest receivables, net of reserves	858			730
Unamortized discount	(40		)	(53		)
	$	27,770		$	33,428

In connection with the evaluation of the collectibility of its mortgages and notes receivable, during the year ended December 31, 2010, NNN recorded a valuation reserve of $5,625,000 included in Impairment losses and other charges, net of recoveries in the Consolidated Statements of Comprehensive Income. During the year ended December 31, 2011, $3,115,000 of this valuation reserve was recovered and included in Impairment losses and other charges, net of recoveries in the Consolidated Statements of Comprehensive Income.