Real Estate – Held For Sale:

As of June 30, 2013, NNN categorized 29 of its Properties as held for sale. As of December 31, 2012, NNN categorized 10 Properties as held for sale. Real estate held for sale consisted of the following as of (dollars in thousands):



	June 30, 2013			December 31, 2012
Property held for sale:
Land and improvements	$	19,438		$	9,937
Building and improvements	35,437			17,566
Work in process	1,193			72
	56,068			27,575
Less accumulated depreciation and amortization	(2,410		)	(2,347		)
Less impairment	(6,967		)	(4,920		)
	$	46,691		$	20,308

In March 2013, NNN completed a strategic review of its Properties held for sale and reclassified 15 Properties that were previously held for sale to held for investment, included in Real Estate - Portfolio.

The following table summarizes the number of Properties sold and the corresponding gain recognized on the disposition of Properties included in discontinued operations (dollars in thousands):



	Quarter Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	# of Sold Properties	Gain		# of Sold Properties	Gain		# of Sold Properties	Gain		# of Sold Properties	Gain
Discontinued operations ⁽¹⁾	7	$	2,516	7	$	2,438	9	$	3,021	10	$	2,752
Noncontrolling interests		153			—			153			—
		$	2,669		$	2,438		$	3,174		$	2,752

⁽¹⁾ None of the gains from property sales for the period were reported in continuing operations.