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Note 5 - Other Real Estate Investments
6 Months Ended
Jun. 30, 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 June 30, 2014, the Company’s net investment under the Preferred Equity program was $230.8 million relating to 447 properties, including 386 net leased properties.  During the six months ended June 30, 2014, the Company earned $13.1 million from its preferred equity investments, including $3.7 million in profit participation earned from three capital transactions.  During the six months ended June 30, 2013, the Company earned $17.3 million from its preferred equity investments, including $4.4 million in profit participation earned from one capital transaction.