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Real Estate (Tables)
 6 Months Ended
Jun. 30, 2018
Real Estate [Abstract]  
Classification of Investment Property Leases The following outlines key information for NNN’s leases:
 
June 30, 2018
Lease classification:
 
Operating
2,856

Direct financing
7

Building portion – direct financing/land portion – operating
2

Weighted average remaining lease term (years)
11.5
Summary of Real Estate Subject to Operating Leases Real estate subject to operating leases consisted of the following as of (dollars in thousands):
 
June 30, 2018
 
December 31, 2017
Land and improvements(1)
$
2,316,395

 
$
2,287,100

Buildings and improvements
5,152,418

 
4,962,530

Leasehold interests
3,971

 
5,261

 
7,472,784

 
7,254,891

Less accumulated depreciation and amortization
(945,626
)
 
(878,111
)
 
6,527,158

 
6,376,780

Work in progress for buildings and improvements
82,210

 
41,920

 
$
6,609,368

 
$
6,418,700


(1) Includes $27,203 and $25,799 in land for Properties under construction at June 30, 2018 and December 31,
2017, respectively.
Disclosure of Long Lived Assets Held-for-sale Real estate held for sale consisted of the following as of (dollars in thousands):
 
June 30, 2018
 
December 31, 2017
Land and improvements
$
4,424

 
$
5,229

Building and improvements
11,098

 
12,956

 
15,522

 
18,185

Less accumulated depreciation and amortization
(2,798
)
 
(3,010
)
Less impairment
(2,261
)
 
(864
)
 
$
10,463

 
$
14,311
Disclosure of Long Lived Assets Held-for-sale, Gains Recognized The following table summarizes the Properties sold and the corresponding gain recognized on the disposition of Properties (dollars in thousands):
 
Quarter Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
# of Sold
Properties
 
Gain
 
# of Sold
Properties
 
Gain
 
# of Sold
Properties
 
Gain
 
# of Sold
Properties
 
Gain
Gain on disposition of real estate
13
 
$
4,106

 
8
 
$
3,055

 
28
 
$
42,702

(1) 
25
 
$
17,679

(1)   Amount includes the recognition of a deferred gain related to a leasehold interest that was fully amortized in 2018.
Real Estate Funding Commitments These construction commitments, as of June 30, 2018, are outlined in the table below (dollars in thousands):
Total commitment(1)
$
134,726

Less amount funded
109,413

Remaining commitment
$
25,313

(1)   Includes land, construction costs, tenant improvements, lease costs and
      capitalized interest.