Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2012

Mortgage Loans on Real Estate [Abstract]

SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE

Description	Interest Rate		Maturity Date	Periodic Payment Terms	Prior Liens	Face  Amount of Mortgages		Carrying Amount of Mortgages (g)			Principal Amount of Loans Subject to Delinquent Principal or Interest
First mortgages on properties:
Paramus, NJ	9.000	%	2/1/2022	(b)	—	$	6,000	$	4,404		$	—
Des Moines, IA	8.000	%	10/15/2013	(d)	—	400		212			—
Cleveland, OH	10.000	%	10/1/2028	(f)	—	6,644		3,411			—
Milford, CT	6.000	%	6/30/2016	(c)	—	1,550		1,550			—
Hollywood, FL	6.000	%	4/28/2013	(c)	—	450		200			—
Somerset, PA	9.500	%	11/19/2013	(e)	—	1,179		1,179			—
Spotsylvania, VA	9.500	%	11/19/2013	(e)	—	1,226		1,226			—
4 properties in FL and GA	6.250	%	1/4/2014	(f)	—	5,500		5,300			—
						$	22,949	$	17,482	(a)	$	—

(a) The following shows the changes in the carrying amounts of mortgage loans during the years:

	2012				2011				2010
Balance at beginning of year	$	22,815			$	21,138			$	34,707
New mortgage loans	7,344			(h)	8,098			(h)	6,302			(h)
Deductions during the year:
Collections of principal	(12,339		)		(6,421		)		(7,148		)
Foreclosures	(338		)		—				(12,723		)
Balance at the close of year	$	17,482			$	22,815			$	21,138

(b) Principal and interest is payable at level amounts over the life of the loan.

(c) Interest only payments are due monthly. Principal is due at maturity.

(d) Principal and interest is payable at level amounts over the life of the loan with a principal balloon payment at maturity.

(e) Principal and interest is payable in full on the earlier of (i) specific events as outlined in the loan agreement, or (ii) maturity date.

(f) Interest only payments are due monthly. Periodic principal payments are due over the course of the loan based on specific terms outlined in the loan agreement, with the remaining principal balance due at maturity.

(g) Mortgages held by NNN and its subsidiaries for federal income tax purposes for the years ended December 31, 2012, 2011 and 2010 were $17,482, $22,815 and $21,138, respectively.

(h) Mortgages totaling $7,344, $8,098 and $6,302, were accepted in connection with real estate transactions for the years ended December 31, 2012, 2011 and 2010, respectively.