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Real Estate (Tables)
 9 Months Ended
Sep. 30, 2013
Real Estate Investments, Net [Abstract]  
Classification Of Investment Property Leases
The following outlines key information for NNN’s leases:
 
September 30, 2013
Lease classification:
 
Operating
1,861

Direct financing
13

Building portion – direct financing / land portion – operating
4

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, 2013
 
December 31, 2012
Land and improvements
$
1,637,830

 
$
1,473,671

Buildings and improvements
2,904,914

 
2,563,729

Leasehold interests
1,290

 
1,290

 
4,544,034

 
4,038,690

Less accumulated depreciation and amortization
(393,339
)
 
(331,781
)
 
4,150,695

 
3,706,909

Work in progress
71,197

 
86,507

 
$
4,221,892

 
$
3,793,416
Disclosure of Long Lived Assets Held-for-sale
Real estate held for sale consisted of the following as of (dollars in thousands):
 
 
September 30, 2013
 
December 31, 2012
Property held for sale:
 
 
 
 
Land and improvements
 
$
10,591

 
$
10,445

Building and improvements
 
17,935

 
17,773

Accounted for using the direct financing method
 
464

 
525

Work in process
 
—

 
72

 
 
28,990

 
28,815

Less accumulated depreciation and amortization
 
(2,033
)
 
(1,997
)
Less impairment
 
(10,165
)
 
(8,119
)
 
 
$
16,792

 
$
18,699
Disclosure of Long Lived Assets Held-for-sale, Gains Recognized
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 September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
# of Sold
Properties
 
Gain
 
# of Sold
Properties
 
Gain
 
# of Sold
Properties
 
Gain
 
# of Sold
Properties
 
Gain
Discontinued operations (1)
22
 
$
1,228

 
8
 
$
1,694

 
31
 
$
4,249

 
18
 
$
4,446

Noncontrolling interests
 
 
—

 
 
 
—

 
 
 
153

 
 
 
—

 
 
 
$
1,228

 
 
 
$
1,694

 
 
 
$
4,402

 
 
 
$
4,446

(1) None of the gains from property sales for the period were reported in continuing operations.
Real Estate Funding Commitments
In connection with improvements to leased Properties, NNN has the following funding commitments (dollars in thousands):
 
September 30, 2013
 
# of
Properties
 
Total
Commitment(1)
 
Amount
Funded
 
Remaining
Commitment
Real estate – portfolio
51
 
$
147,084

 
$
109,852

 
$
37,232

(1) Includes land, construction costs and tenant improvements.
Details of Impairment of Long-Lived Assets Held and Used by Asset
As a result of the Company's review of long lived assets, including identifiable intangible assets, NNN recognized the following real estate impairments (dollars in thousands):
 
 
Quarter Ended September 30,
 
Nine Months Ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Continuing operations
 
$
—

 
$
3,223

 
$
1,957

 
$
3,258

Discontinued operations
 
727

 
5,440

 
2,046

 
5,785

Impairment recoveries – discontinued operations
 
(728
)
 
—

 
—

 
—

 
 
$
(1
)
 
$
8,663

 
$
4,003

 
$
9,043