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Note 5 - Other Real Estate Investments
3 Months Ended
Mar. 31, 2014
Other Real Estate Investments [Abstract]  
Other Real Estate Investments [Text Block]

5. Other Real Estate Investments


Preferred Equity Capital -


The Company has provided capital to owners and developers of real estate properties through its Preferred Equity program. As of March 31, 2014, the Company’s net investment under the Preferred Equity program was $234.3 million relating to 478 properties, including 390 net leased properties.  During the three months ended March 31, 2014, the Company earned $7.8 million from its preferred equity investments, including $2.2 million in profit participation earned from one capital transaction.  During the three months ended March 31, 2013, the Company earned $9.9 million from its preferred equity investments, including $4.3 million in profit participation earned from one capital transaction.