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Note 6 - Other Real Estate Investments
6 Months Ended
Jun. 30, 2011
Other Real Estate Investments

6. Other Real Estate Investments


Preferred Equity Capital -


The Company previously provided capital to owners and developers of real estate properties through its Preferred Equity program. As of June 30, 2011, the Company’s net investment under the Preferred Equity program was approximately $369.9 million relating to 558 properties, including 398 net leased properties.  During the six months ended June 30, 2011, the Company earned approximately $9.1 million from its preferred equity investments, including $0.9 million in profit participation earned from four capital transactions.  During the six months ended June 30, 2010, the Company earned approximately $14.8 million from its preferred equity investments, including $0.4 million in profit participation earned from three capital transactions.