Condensed Consolidated Balance Sheets (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Accounted for using the operating method, net of accumulated depreciation and amortization	$ 2,919,942	$ 2,519,950
Accounted for using the direct financing method	26,922	29,773
Real estate, Inventory Portfolio, held for sale	31,928	32,076
Investment in unconsolidated affiliate	4,376	4,515
Mortgages, notes and accrued interest receivable, net of allowance	30,929	30,331
Commercial mortgage residual interests	16,322	15,915
Cash and cash equivalents	19,678	2,048
Receivables, net of allowance of $1,044 and $1,750, respectively	1,513	3,403
Accrued rental income, net of allowance of $4,666 and $3,609, respectively	25,398	25,535
Debt costs, net of accumulated amortization of $14,983 and $11,198, respectively	11,151	9,366
Other assets	58,202	40,663
Total assets	3,146,361	2,713,575
LIABILITIES AND EQUITY
Line of credit payable	0	161,000
Mortgages payable	23,453	24,269
Notes payable - convertible, net of unamortized discount of $7,389 and $12,201, respectively	354,346	349,534
Notes payable, net of unamortized discount of $5,167 and $1,118, respectively	894,833	598,882
Accrued interest payable	22,371	7,342
Other liabilities	72,502	43,774
Total liabilities	1,367,505	1,184,801
Stockholders' equity:
Preferred stock, $0.01 par value. Authorized 15,000,000 shares Series C, 3,680,000 depositary shares issued and outstanding, at stated liquidation value of $25 per share	92,000	92,000
Common stock, $0.01 par value. Authorized 190,000,000 shares; 95,379,867 and 83,613,289 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	955	838
Excess stock, $0.01 par value. Authorized 205,000,000 shares; none issued or outstanding
Capital in excess of par value	1,721,691	1,429,750
Retained earnings (accumulated dividends in excess of earnings)	(34,014)	3,234
Accumulated other comprehensive income (loss)	(3,039)	1,661
Total stockholders' equity of NNN	1,777,593	1,527,483
Noncontrolling interests	1,263	1,291
Total equity	1,778,856	1,528,774
Total liabilities and equity	$ 3,146,361	$ 2,713,575