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Real Estate - Portfolio (Tables)
 12 Months Ended
Dec. 31, 2012
Real Estate Investments, Net [Abstract]  
Classification Of Investment Property Leases
The following outlines key information for NNN’s leases at December 31, 2012:
 
Lease classification:
 
Operating
1,604

Direct financing
13

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 December 31 (dollars in thousands):
 
 
2012
 
2011
Land and improvements
$
1,461,263

 
$
1,313,672

Buildings and improvements
2,556,271

 
2,119,231

Leasehold interests
1,290

 
1,290

 
4,018,824

 
3,434,193

Less accumulated depreciation and amortization
(333,238
)
 
(270,115
)
 
3,685,586

 
3,164,078

Work in progress
84,231

 
60,210

 
$
3,769,817

 
$
3,224,288
Remaining Funding Commitments
As of December 31, 2012, in connection with the development of Properties, NNN has the following funding commitments (dollars in thousands):
 
 
# of
Properties
 
Total
Commitment(1)
 
Amount
Funded
 
Remaining
Commitment
Real Estate Portfolio
54

 
$
164,420

 
$
127,235

 
$
37,185

(1) 
Includes land, construction costs and tenant improvements.
Schedule of Future Minimum Lease Payments for Capital Leases
The following is a schedule of future minimum lease payments to be received on noncancellable operating leases at December 31, 2012 (dollars in thousands):
 
2013
$
336,674

2014
329,325

2015
322,164

2016
316,470

2017
307,046

Thereafter
2,639,001

 
$
4,250,680
Net Investment in Direct Financing Leases
The following lists the components of net investment in direct financing leases at December 31 (dollars in thousands):
 
 
2012
 
2011
Minimum lease payments to be received
$
27,963

 
$
32,587

Estimated unguaranteed residual values
10,142

 
11,464

Less unearned income
(14,888
)
 
(17,533
)
Net investment in direct financing leases
$
23,217

 
$
26,518
Schedule of Future Minimum Lease Receivables for Financing Leases
The following is a schedule of future minimum lease payments to be received on direct financing leases held for investment at December 31, 2012 (dollars in thousands):
 
2013
$
3,853

2014
3,454

2015
3,160

2016
3,077

2017
2,239

Thereafter
12,180

 
$
27,963

The above table does not include future minimum lease payments for renewal periods, potential variable CPI rent increases or contingent rental payments that may become due in future periods (see Real Estate Portfolio – Accounted for Using the Operating Method).