Note 4 - Other Real Estate Investments and Other Assets

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Other Real Estate Investments and Other Assets [Text Block]

4.

Other Real Estate Investments and Other Assets

Preferred Equity Capital -

The Company previously provided capital to owners and developers of real estate properties through its Preferred Equity Program. As of March 31, 2016, the Company’s net investment under the Preferred Equity Program was $201.5 million relating to 410 properties, including 385 net leased properties.  During the three months ended March 31, 2016, the Company earned $10.8 million from its preferred equity investments, including $6.9 million in profit participation earned from a capital transaction.  During the three months ended March 31, 2015, the Company earned $5.6 million from its preferred equity investments.