Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 17, 2014 | Jun. 30, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Trading Symbol | 'GTY | ' | ' |
Entity Registrant Name | 'GETTY REALTY CORP /MD/ | ' | ' |
Entity Central Index Key | '0001052752 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 33,397,260 | ' |
Entity Public Float | ' | ' | $528,941,000 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenues: | ' | ' | ' |
Revenues from rental properties | $95,940 | $92,873 | $91,053 |
Interest on notes and mortgages receivable | 3,397 | 2,882 | 2,658 |
Other revenue | 3,126 | ' | ' |
Total revenues | 102,463 | 95,755 | 93,711 |
Operating expenses: | ' | ' | ' |
Rental property expenses | 29,326 | 28,637 | 15,514 |
Impairment charges | 3,296 | 5,133 | 12,715 |
Environmental expenses | 12,021 | 860 | 5,362 |
General and administrative expenses | 5,071 | 27,634 | 20,981 |
Allowance for deferred rent receivable | 4,206 | ' | 16,529 |
Depreciation and amortization expense | 9,311 | 10,567 | 8,613 |
Total operating expenses | 63,231 | 72,831 | 79,714 |
Operating income | 39,232 | 22,924 | 13,997 |
Other income, net | 102 | 520 | 16 |
Interest expense | -11,667 | -9,931 | -5,125 |
Earnings from continuing operations | 27,667 | 13,513 | 8,888 |
Discontinued operations: | ' | ' | ' |
Earnings (loss) from operating activities | -3,161 | -7,946 | 2,620 |
Gains on dispositions/acquisition of real estate | 45,505 | 6,880 | 948 |
Earnings (loss) from discontinued operations | 42,344 | -1,066 | 3,568 |
Net earnings | $70,011 | $12,447 | $12,456 |
Basic and diluted earnings per common share: | ' | ' | ' |
Earnings from continuing operations | $0.82 | $0.40 | $0.26 |
Earnings (loss) from discontinued operations | $1.26 | ($0.03) | $0.11 |
Net earnings | $2.08 | $0.37 | $0.37 |
Weighted average shares outstanding: | ' | ' | ' |
Basic | 33,397 | 33,395 | 33,171 |
Stock options | ' | ' | 1 |
Diluted | 33,397 | 33,395 | 33,172 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' |
Net earnings | $70,011 | $12,447 | $12,456 |
Other comprehensive gain: | ' | ' | ' |
Net unrealized gain on interest rate swap | ' | ' | 1,153 |
Comprehensive income | $70,011 | $12,447 | $13,609 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Real Estate: | ' | ' |
Land | $342,944 | $318,814 |
Buildings and improvements | 196,607 | 208,325 |
Total Real Estate | 539,551 | 527,139 |
Less - accumulated depreciation and amortization | -95,712 | -106,931 |
Real estate held for use, net | 443,839 | 420,208 |
Real estate held for sale, net | 22,984 | 25,340 |
Real estate, net | 466,823 | 445,548 |
Net investment in direct financing leases | 97,147 | 91,904 |
Deferred rent receivable (net of allowance of $4,775 at December 31, 2013 and $0 at December 31, 2012) | 16,893 | 12,448 |
Cash and cash equivalents | 12,035 | 16,876 |
Restricted cash | 1,000 | ' |
Notes and mortgages receivable | 28,793 | 32,928 |
Accounts receivable (net of allowance of $3,248 at December 31, 2013 and $25,371 at December 31, 2012) | 5,106 | 8,937 |
Prepaid expenses and other assets | 54,605 | 31,940 |
Total assets | 682,402 | 640,581 |
LIABILITIES AND SHAREHOLDERS' EQUITY: | ' | ' |
Borrowings under credit line | 58,000 | 150,290 |
Term loan | 100,000 | 22,030 |
Environmental remediation obligations | 43,472 | 46,150 |
Dividends payable | 8,423 | 4,202 |
Accounts payable and accrued liabilities | 57,416 | 45,160 |
Total liabilities | 267,311 | 267,832 |
Commitments and contingencies (notes 2, 3, 4 and 5) | ' | ' |
Shareholders' equity: | ' | ' |
Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,397,260 at December 31, 2013 and 33,396,720 at December 31, 2012 | 334 | 334 |
Paid-in capital | 462,397 | 461,426 |
Dividends paid in excess of earnings | -47,640 | -89,011 |
Total shareholders' equity | 415,091 | 372,749 |
Total liabilities and shareholders' equity | $682,402 | $640,581 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Allowance on deferred rent receivable | $4,775 | $0 |
Allowance on accounts receivable | $3,248 | $25,371 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 33,397,260 | 33,396,720 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net earnings | $70,011 | $12,447 | $12,456 |
Adjustments to reconcile net earnings to net cash flow provided by operating activities: | ' | ' | ' |
Depreciation and amortization expense | 9,927 | 13,700 | 10,336 |
Impairment charges | 13,425 | 13,942 | 20,226 |
Gains on dispositions/acquisition of real estate | -45,505 | -6,866 | -968 |
Deferred rent receivable, net of allowance | -4,445 | -4,368 | 19,305 |
Allowance for accounts receivable | -20,854 | 15,903 | 9,121 |
Amortization of above-market and below-market leases | 160 | -285 | -685 |
Amortization of credit line and term loan origination costs | 1,650 | 3,396 | 207 |
Accretion expense | 3,214 | 3,174 | 899 |
Stock-based employee compensation expense | 971 | 757 | 643 |
Changes in assets and liabilities: | ' | ' | ' |
Accounts receivable, net | 20,847 | -15,848 | -14,890 |
Prepaid expenses and other assets | -201 | -8,004 | 151 |
Environmental remediation obligations | -15,611 | -9,009 | -1,981 |
Accounts payable and accrued liabilities | 10,089 | -3,054 | 5,935 |
Net cash flow provided by (used in) operating activities | 43,678 | 15,885 | 60,755 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Property acquisitions and capital expenditures | -67,174 | -4,148 | -99,926 |
Investment in direct financing leases | -6,267 | ' | -67,569 |
Proceeds from dispositions of real estate | 66,349 | 9,855 | 2,317 |
Change in cash held for property acquisitions | -16,467 | -1,615 | -750 |
Change in restricted cash | -1,000 | ' | ' |
Amortization of investment in direct financing leases | 1,025 | 728 | 505 |
Issuance of notes, mortgages and other receivables | -4,138 | -2,972 | -30,400 |
Collection of notes and mortgages receivable | 20,825 | 1,703 | 2,679 |
Net cash flow (used in) provided by investing activities | -6,847 | 3,551 | -193,144 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings under credit line | 130,400 | 4,000 | 247,253 |
Repayments under credit line | -222,690 | -1,410 | -140,853 |
Borrowings under term loan | 100,000 | ' | ' |
Repayments under term loan | -22,030 | -780 | -780 |
Payments of capital lease obligations | -220 | -152 | -59 |
Payments of cash dividends | -24,419 | -8,404 | -63,436 |
Payments of loan origination costs | -2,842 | -4,144 | -175 |
Cash paid in settlement of restricted stock units | ' | -18 | ' |
Security deposits received | 129 | 650 | 29 |
Net proceeds from issuance of common stock | ' | ' | 91,986 |
Net cash flow (used in) provided by financing activities | -41,672 | -10,258 | 133,965 |
Change in cash and cash equivalents | -4,841 | 9,178 | 1,576 |
Cash and cash equivalents at beginning of year | 16,876 | 7,698 | 6,122 |
Cash and cash equivalents at end of year | 12,035 | 16,876 | 7,698 |
Supplemental disclosures of cash flow information Cash paid during the period for: | ' | ' | ' |
Interest paid | 9,563 | 6,293 | 5,523 |
Income taxes | 173 | 810 | 267 |
Environmental remediation obligations | 12,396 | 4,889 | 3,598 |
Non-cash transactions | ' | ' | ' |
Issuance of mortgages related to property dispositions | $8,714 | $4,568 | $1,068 |
SUMMARY_OF_SIGNIFICANT_ACCOUNT
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' | ||||||||||||||||
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||||||||||||||
Basis of Presentation: The consolidated financial statements include the accounts of Getty Realty Corp. and its wholly-owned subsidiaries. We are a real estate investment trust (“REIT”) specializing in the ownership, leasing and financing of retail motor fuel and convenience store properties. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). We do not distinguish our principal business or our operations on a geographical basis for purposes of measuring performance. Accordingly, we manage and evaluate our operations as a single segment. All significant intercompany accounts and transactions have been eliminated. | |||||||||||||||||
Use of Estimates, Judgments and Assumptions: The consolidated financial statements have been prepared in conformity with GAAP, which requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the period reported. Estimates, judgments and assumptions underlying the accompanying consolidated financial statements include, but are not limited to, receivables, deferred rent receivable, net investment in direct financing leases, environmental remediation costs, real estate, depreciation and amortization, impairment of long-lived assets, litigation, environmental remediation obligations, accrued liabilities, income taxes and the allocation of the purchase price of properties acquired to the assets acquired and liabilities assumed. Application of these estimates and assumptions requires exercise of judgment as to future uncertainties, and as a result, actual results could differ materially from these estimates. | |||||||||||||||||
Subsequent Events: We evaluated subsequent events and transactions for potential recognition or disclosure in our consolidated financial statements. | |||||||||||||||||
Fair Value Hierarchy: The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates of fair value that affect the reported amounts of assets and liabilities and disclosure of assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the period reported using a hierarchy (the “Fair Value Hierarchy”) that prioritizes the inputs to valuation techniques used to measure the fair value. The Fair Value Hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The levels of the Fair Value Hierarchy are as follows: “Level 1”-inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access at the measurement date; “Level 2”-inputs other than quoted prices that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active; and “Level 3”-inputs that are unobservable. Certain types of assets and liabilities are recorded at fair value either on a recurring or non-recurring basis. Assets required or elected to be marked-to-market and reported at fair value every reporting period are valued on a recurring basis. Other assets not required to be recorded at fair value every period may be recorded at fair value if a specific provision or other impairment is recorded within the period to mark the carrying value of the asset to market as of the reporting date. Such assets are valued on a non-recurring basis. | |||||||||||||||||
We had a receivable of $2,972,000 as of December 31, 2012, that was measured at fair value on a recurring basis using Level 3 inputs. Pursuant to the terms of the Litigation Funding Agreement (as defined below), in the third quarter of 2013, we received a payment of $25,096,000 related to this receivable. We elected to account for the advances, accrued interest and litigation reimbursements due to us pursuant to the Litigation Funding Agreement on a fair value basis. We used unobservable inputs based on comparable transactions when determining the fair value of the Litigation Funding Agreement. We concluded that the terms of the Litigation Funding Agreement are within a range of terms representing the market for such arrangements when considering the unique circumstances particular to the counterparties to such funding agreements. These inputs included the potential outcome of the litigation related to the Lukoil Complaint including the probability of the Marketing Estate prevailing in its lawsuit and the potential amount that may be recovered by the Marketing Estate from Lukoil (as such capitalized terms are defined below). We also applied a discount factor commensurate with the risk that the Marketing Estate may not prevail in its lawsuit. We considered that fair value is defined as an amount of consideration that would be exchanged between a willing buyer and seller. Please refer to note 2 of our accompanying consolidated financial statements for additional information regarding Marketing and the Master Lease. | |||||||||||||||||
We have mutual fund assets that are measured at fair value on a recurring basis using Level 1 inputs. We have a Supplemental Retirement Plan for executives and other senior management employees. The amounts held in trust under the Supplemental Retirement Plan may be used to satisfy claims of general creditors in the event of our or any of our subsidiaries’ bankruptcy. We have liability to the employees participating in the Supplemental Retirement Plan for the participant account balances equal to the aggregate of the amount invested at the employees’ direction and the income earned in such mutual funds. | |||||||||||||||||
We have certain real estate assets that are measured at fair value on a non-recurring basis using Level 3 inputs as of December 31, 2013 and 2012 of $9,590,000 and $4,967,000, respectively, where impairment charges have been recorded. Due to the subjectivity inherent in the internal valuation techniques used in estimating fair value, the amounts realized from the sale of such assets may vary significantly from these estimates. | |||||||||||||||||
The following summarizes as of December 31, 2013 our assets and liabilities measured at fair value on a recurring basis by level within the Fair Value Hierarchy: | |||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | |||||||||||||||||
Receivable | $ | — | $ | — | $ | — | $ | — | |||||||||
Mutual funds | $ | 3,275 | $ | — | $ | — | $ | 3,275 | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation | $ | — | $ | 3,275 | $ | — | $ | 3,275 | |||||||||
The following summarizes as of December 31, 2012 our assets and liabilities measured at fair value on a recurring basis by level within the Fair Value Hierarchy: | |||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | |||||||||||||||||
Receivable | $ | — | $ | — | $ | 2,972 | $ | 2,972 | |||||||||
Mutual funds | $ | 3,013 | $ | — | $ | — | $ | 3,013 | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation | $ | — | $ | 3,013 | $ | — | $ | 3,013 | |||||||||
Fair Value Disclosure of Financial Instruments: All of our financial instruments are reflected in the accompanying consolidated balance sheets at amounts which, in our estimation based upon an interpretation of available market information and valuation methodologies, reasonably approximate their fair values, except those separately disclosed in the notes to our consolidated financial statements. | |||||||||||||||||
Discontinued Operations and Assets Held-for-Sale: We report as discontinued operations 115 properties which meet the criteria to be accounted for as held for sale in accordance with GAAP as of the end of the current period and certain properties disposed of during the periods presented. All results of these discontinued operations are included in a separate component of income on the consolidated statements of operations under the caption Discontinued Operations. This has resulted in certain amounts related to discontinued operations in 2012 and 2011 being reclassified to conform to the 2013 presentation. | |||||||||||||||||
Real estate held for sale consisted of the following at December 31: | |||||||||||||||||
(in thousands) | December | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Land | $ | 15,586 | $ | 17,409 | |||||||||||||
Buildings and improvements | 15,138 | 17,768 | |||||||||||||||
30,724 | 35,177 | ||||||||||||||||
Accumulated depreciation and amortization | (7,740 | ) | (9,837 | ) | |||||||||||||
Real estate held for sale, net | $ | 22,984 | $ | 25,340 | |||||||||||||
The revenue from rental properties, impairment charges, other operating expenses and gains from dispositions/acquisition of real estate related to these properties are as follows: | |||||||||||||||||
Year ended December 31, | |||||||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||||||
Revenues from rental properties | $ | 4,939 | $ | 11,898 | $ | 19,388 | |||||||||||
Impairment charges | (10,129 | ) | (8,809 | ) | (7,511 | ) | |||||||||||
Other operating expenses | 2,029 | (11,035 | ) | (9,257 | ) | ||||||||||||
Earnings (loss) from operating activities | (3,161 | ) | (7,946 | ) | 2,620 | ||||||||||||
Gains from dispositions/acquisition of real estate | 45,505 | 6,880 | 948 | ||||||||||||||
Earnings (loss) from discontinued operations | $ | 42,344 | $ | (1,066 | ) | $ | 3,568 | ||||||||||
Real Estate: Real estate assets are stated at cost less accumulated depreciation and amortization. Upon acquisition of real estate and leasehold interests, we estimate the fair value of acquired tangible assets (consisting of land, buildings and improvements) “as if vacant” and identified intangible assets and liabilities (consisting of leasehold interests, above-market and below-market leases, in-place leases and tenant relationships) and assumed debt. Based on these estimates, we allocate the estimated fair value to the applicable assets and liabilities. Fair value is determined based on an exit price approach, which contemplates the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We expense transaction costs associated with business combinations in the period incurred. When real estate assets are sold or retired, the cost and related accumulated depreciation and amortization is eliminated from the respective accounts and any gain or loss is credited or charged to income. We evaluate real estate sale transactions where we provide seller financing to determine sale and gain recognition in accordance with GAAP. Expenditures for maintenance and repairs are charged to income when incurred. (See note 10 for additional information regarding property acquisitions.) | |||||||||||||||||
Depreciation and Amortization: Depreciation of real estate is computed on the straight-line method based upon the estimated useful lives of the assets, which generally range from 16 to 25 years for buildings and improvements, or the term of the lease if shorter. Asset retirement costs are depreciated over the remaining useful lives of underground storage tanks (“UST” or “USTs”) or 10 years for asset retirement costs related to environmental remediation obligations, which costs are attributable to the group of assets identified at a property. Leasehold interests and in-place leases are amortized over the remaining term of the underlying lease. | |||||||||||||||||
Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of: Assets are written down to fair value when events and circumstances indicate that the assets might be impaired and the projected undiscounted cash flows estimated to be generated by those assets are less than the carrying amount of those assets. We review and adjust as necessary our depreciation estimates and method when long-lived assets are tested for recoverability. Assets held for disposal are written down to fair value less estimated disposition costs. | |||||||||||||||||
We recorded non-cash impairment charges aggregating $13,425,000 and $13,942,000 for the years ended December 31, 2013 and 2012, respectively, in continuing operations and in discontinued operations. We record non-cash impairment charges and reduce the carrying amount of properties held for use to fair value where the carrying amount of the property exceeds the projected undiscounted cash flows expected to be received during the assumed holding period which includes the estimated sales value expected to be received at disposition. We record non-cash impairment charges and reduce the carrying amount of properties held for sale to fair value less disposal costs. The non-cash impairment charges recorded during the years ended December 31, 2013 and 2012 were attributable to reductions in the assumed holding period used to test for impairment, reductions in our estimates of value for properties held for sale and the accumulation of asset retirement costs as a result of increases in estimated environmental liabilities which increased the carrying value of certain properties in excess of their fair value. The estimated fair value of real estate is based on the price that would be received from the sale of the property in an orderly transaction between market participants at the measurement date. The internal valuation techniques that we used included discounted cash flow analysis, an income capitalization approach on prevailing or earnings multiples applied to earnings from the property, analysis of recent comparable lease and sales transactions, actual leasing or sale negotiations, bona fide purchase offers received from third-parties and/or consideration of the amount that currently would be required to replace the asset, as adjusted for obsolescence. In general, we consider multiple internal valuation techniques when measuring the fair value of a property, all of which are based on unobservable inputs and assumptions that are classified within Level 3 of the Fair Value Hierarchy. These unobservable inputs include assumed holding periods ranging up to 15 years, assumed average rent increases ranging up to 2.0% annually, income capitalized at a rate of 8.0% and cash flows discounted at a rate of 7.0%. These assessments have a direct impact on our net income because recording an impairment loss results in an immediate negative adjustment to net income. The evaluation of anticipated cash flows is highly subjective and is based in part on assumptions regarding future rental rates and operating expenses that could differ materially from actual results in future periods. Where properties held for use have been identified as having a potential for sale, additional judgments are required related to the determination as to the appropriate period over which the projected undiscounted cash flows should include the operating cash flows and the amount included as the estimated residual value. This requires significant judgment. In some cases, the results of whether impairment is indicated are sensitive to changes in assumptions input into the estimates, including the holding period until expected sale. | |||||||||||||||||
Cash and Cash Equivalents: We consider highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. | |||||||||||||||||
Restricted Cash: Restricted cash consists of cash that is contractually restricted or held in escrow pursuant to various agreements with counterparties. At December 31, 2013, restricted cash of $1,000,000 consists of an escrow account established in conjunction with the sale of one of our terminal properties. | |||||||||||||||||
Notes and Mortgages Receivable: Notes and mortgages receivable consists of loans originated by us in conjunction with property dispositions and funding provided to tenants in conjunction with property acquisitions. Notes and mortgages receivable are recorded at stated principal amounts. We evaluate the collectability of both interest and principal on each loan to determine whether it is impaired. A loan is considered to be impaired when, based upon current information and events, it is probable that we will be unable to collect all amounts due under the existing contractual terms. When a loan is considered to be impaired, the amount of loss is calculated by comparing the recorded investment to the fair value determined by discounting the expected future cash flows at the loan’s effective interest rate or to the fair value of the underlying collateral if the loan is collateralized. Interest income on performing loans is accrued as earned. Interest income on impaired loans is recognized on a cash basis. We do not provide for an additional allowance for loan losses based on the grouping of loans as we believe the characteristics of the loans are not sufficiently similar to allow an evaluation of these loans as a group for a possible loan loss allowance. As such, all of our loans are evaluated individually for impairment purposes. | |||||||||||||||||
Deferred Rent Receivable and Revenue Recognition: We earn rental income under operating and direct financing leases with tenants. Minimum lease payments from operating leases are recognized on a straight-line basis over the term of the leases. The cumulative difference between lease revenue recognized under this method and the contractual lease payment terms is recorded as deferred rent receivable on our consolidated balance sheets. We provide reserves for a portion of the recorded deferred rent receivable if circumstances indicate that it is not reasonable to assume that the tenant will make all of its contractual lease payments when due during the current term of the lease. We make estimates of the collectability of our accounts receivable related to revenue from rental properties. We analyze accounts receivable and historical bad debt levels, customer creditworthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. Additionally, with respect to tenants in bankruptcy, we estimate the expected recovery through bankruptcy claims and increase the allowance for amounts deemed uncollectible. If our assumptions regarding the collectability of accounts receivable prove incorrect, we could experience write-offs of the accounts receivable or deferred rent receivable in excess of our allowance for doubtful accounts. Lease termination fees are recognized as rental income when earned upon the termination of a tenant’s lease and relinquishment of space in which we have no further obligation to the tenant. The present value of the difference between the fair market rent and the contractual rent for above-market and below-market leases at the time properties are acquired is amortized into revenue from rental properties over the remaining lives of the in-place leases. | |||||||||||||||||
Direct Financing Leases: Income under direct financing leases is included in revenues from rental properties and is recognized over the lease terms using the effective interest rate method which produces a constant periodic rate of return on the net investments in the leased properties. Net investment in direct financing leases represents the investments in leased assets accounted for as direct financing leases. The investments in direct financing leases are increased for interest income earned and amortized over the life of the leases and reduced by the receipt of lease payments. | |||||||||||||||||
Environmental Remediation Obligations: The estimated future costs for known environmental remediation requirements are accrued when it is probable that a liability has been incurred, including legal obligations associated with the retirement of tangible long-lived assets if the asset retirement obligation results from the normal operation of those assets and a reasonable estimate of fair value can be made. Environmental remediation obligations are estimated based on the level and impact of contamination at each property. The accrued liability is the aggregate of the best estimate of the fair value of cost for each component of the liability. The accrued liability is net of recoveries of environmental costs from state underground storage tank (“UST” or “USTs”) remediation funds, with respect to both past and future environmental spending based on estimated recovery rates developed from prior experience with the funds. Net environmental liabilities are currently measured based on their expected future cash flows which have been adjusted for inflation and discounted to present value. We accrue for environmental liabilities that we believe are allocable to other potentially responsible parties if it becomes probable that the other parties will not pay their environmental remediation obligations. | |||||||||||||||||
Litigation: Legal fees related to litigation are expensed as legal services are performed. We provide for litigation reserves, including certain litigation related to environmental matters, when it is probable that a liability has been incurred and a reasonable estimate of the liability can be made. If the estimate of the liability can only be identified as a range, and no amount within the range is a better estimate than any other amount, the minimum of the range is accrued for the liability. We accrue our share of environmental liabilities based on our assumptions of the ultimate allocation method and share that will be used when determining our share of responsibility. | |||||||||||||||||
Income Taxes: We and our subsidiaries file a consolidated federal income tax return. Effective January 1, 2001, we elected to qualify, and believe we are operating so as to qualify, as a REIT for federal income tax purposes. Accordingly, we generally will not be subject to federal income tax on qualifying REIT income, provided that distributions to our shareholders equal at least the amount of our taxable income as defined under the Internal Revenue Code. We accrue for uncertain tax matters when appropriate. The accrual for uncertain tax positions is adjusted as circumstances change and as the uncertainties become more clearly defined, such as when audits are settled or exposures expire. Although tax returns for the years 2010, 2011 and 2012, and tax returns which will be filed for the year ended 2013, remain open to examination by federal and state tax jurisdictions under the respective statute of limitations, except as noted in the following paragraph, we have not currently identified any uncertain tax positions related to those years and, accordingly, have not accrued for uncertain tax positions as of December 31, 2013 or 2012. | |||||||||||||||||
In the third quarter of 2013, we submitted to the Internal Revenue Service (“IRS”) a request seeking a ruling that a portion of the payments we received from the Marketing Estate, including amounts related to the Litigation Funding Agreement (see note 2 for additional information regarding the Lukoil Settlement and the Litigation Funding Agreement), be treated either as qualifying income or excluded from gross income for the purposes of the REIT qualification gross income tests either as a matter of law or pursuant to the discretionary authority granted by Congress to the IRS to determine whether certain types of income are an outgrowth of a REIT’s business of owning and operating real estate. In January 2014, we received a favorable ruling from the IRS indicating that a portion of the payments received from the Marketing Estate will be treated as qualifying income and the remainder will be excluded from gross income for the purposes of the REIT qualification gross income tests. Therefore, none of the cash flow received from the Marketing Estate, including amounts related to the Litigation Funding Agreement, will be treated as non-qualifying income for purposes of the REIT qualification gross income tests. | |||||||||||||||||
Interest Expense and Interest Rate Swap Agreement: In April 2006 we entered into a $45,000,000 LIBOR based interest rate swap agreement with JPMorgan Chase Bank, N.A. as the counterparty, effective through June 30, 2011 (the “Swap Agreement”). The Swap Agreement was intended to effectively fix, at 5.44%, the LIBOR component of the interest rate determined under our LIBOR based loan agreements. We entered into the Swap Agreement, designated and qualifying as a cash flow hedge, to reduce our exposure to the variability in future cash flows attributable to changes in the LIBOR rate. Our primary objective when undertaking the hedging transaction and derivative position was to reduce our variable interest rate risk by effectively fixing a portion of the interest rate for existing debt and anticipated refinancing transactions. We determined that the derivative used in the hedging transaction was highly effective in offsetting changes in cash flows associated with the hedged item and that no gain or loss was required to be recognized in earnings during the year ended December 31, 2011 representing the hedge’s ineffectiveness. We have not entered into financial instruments for trading or speculative purposes. | |||||||||||||||||
The fair values of the Swap Agreement obligation were determined using (i) discounted cash flow analyses on the expected cash flows of the Swap Agreement, which were based on market data obtained from sources independent of us consisting of interest rates and yield curves that are observable at commonly quoted intervals and are defined by GAAP as Level 2 inputs in the Fair Value Hierarchy, and (ii) credit valuation adjustments, which were based on unobservable Level 3 inputs. We classified our valuations of the Swap Agreement entirely within Level 2 of the Fair Value Hierarchy since the credit valuation adjustments were not significant to the overall valuations of the Swap Agreement. Changes in the fair value of the Swap Agreement were included in the consolidated statements of comprehensive income and would have been recorded in the consolidated statements of operations if the Swap Agreement was not an effective cash flow hedge for accounting purposes. | |||||||||||||||||
Earnings per Common Share: Basic earnings per common share gives effect, utilizing the two-class method, to the potential dilution from the issuance of common shares in settlement of restricted stock units (“RSU” or “RSUs”) which provide for non-forfeitable dividend equivalents equal to the dividends declared per common share. Basic earnings per common share is computed by dividing net earnings less dividend equivalents attributable to RSUs by the weighted-average number of common shares outstanding during the year. Diluted earnings per common share, also gives effect to the potential dilution from the exercise of stock options utilizing the treasury stock method. | |||||||||||||||||
Year ended December 31, | |||||||||||||||||
(in thousands): | 2013 | 2012 | 2011 | ||||||||||||||
Earnings from continuing operations | $ | 27,667 | $ | 13,513 | $ | 8,888 | |||||||||||
Less dividend equivalents attributable to RSUs outstanding | (252 | ) | (87 | ) | (235 | ) | |||||||||||
Earnings from continuing operations attributable to common shareholders | 27,415 | 13,426 | 8,653 | ||||||||||||||
Earnings (loss) from discontinued operations | 42,344 | (1,066 | ) | 3,568 | |||||||||||||
Less dividend equivalents attributable to RSUs outstanding | (392 | ) | (47 | ) | (14 | ) | |||||||||||
Earnings (loss) from discontinued operations attributable to common shareholders | 41,952 | (1,113 | ) | 3,554 | |||||||||||||
Net earnings attributable to common shareholders used for basic and diluted earnings per share calculation | $ | 69,367 | $ | 12,313 | $ | 12,207 | |||||||||||
Weighted-average number of common shares outstanding: | |||||||||||||||||
Basic | 33,397 | 33,395 | 33,171 | ||||||||||||||
Stock options | — | — | 1 | ||||||||||||||
Diluted | 33,397 | 33,395 | 33,172 | ||||||||||||||
RSUs outstanding at the end of the period | 296 | 216 | 171 | ||||||||||||||
Stock-Based Compensation: Compensation cost for our stock-based compensation plans using the fair value method was $971,000, $757,000 and $643,000 for the years ended December 31, 2013, 2012 and 2011, respectively, and is included in general and administrative expense in the accompanying consolidated statements of operations. | |||||||||||||||||
Reclassifications: Certain amounts related to discontinued operations for 2012 and 2011 have been reclassified to conform to the 2013 presentation. | |||||||||||||||||
Revisions: As discussed in note 9, we revised our quarterly statements of operations for the quarters ended March 31, June 30 and September 30, 2013 to recognize $222,000, $571,000 and $933,000 of rental property expenses as from continuing operations. These expenses were previously inappropriately recognized as discontinued operations. | |||||||||||||||||
New Accounting Pronouncement: There are currently no recently issued accounting pronouncements that are expected to have a material effect on our financial condition or results of operations in future periods. |
LEASES
LEASES | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Leases [Abstract] | ' | ||||||||||||
LEASES | ' | ||||||||||||
2. LEASES | |||||||||||||
The majority of our properties are leased on a triple-net basis primarily to petroleum distributors and, to a lesser extent, individual operators. Generally our tenants supply fuel and either operate our properties directly or sublet our properties to operators who operate their gas stations, convenience stores, automotive repair service facilities or other businesses at our properties. Our triple-net tenants are responsible for the payment of all taxes, maintenance, repairs, insurance and other operating expenses relating to our properties, and are also responsible for environmental contamination occurring during the terms of their leases and in certain cases also for preexisting environmental contamination. (See note 5 for additional information regarding environmental obligations.) Substantially all of our tenants’ financial results depend on the sale of refined petroleum products and rental income from their subtenants. As a result, our tenants’ financial results are highly dependent on the performance of the petroleum marketing industry, which is highly competitive and subject to volatility. As of December 31, 2013, we owned 840 properties and leased 125 properties from third-party landlords. Our 965 properties are located in 20 states across the United States and Washington, D.C., with concentrations in the Northeast and Mid-Atlantic regions. | |||||||||||||
Revenues from rental properties included in continuing operations for the years ended December 31, 2013, 2012 and 2011 were $95,940,000, $92,873,000 and $91,053,000, respectively. For the year ended December 31, 2013, we recorded $3,126,000 of revenue from rental properties attributable to the partial recovery of damages resulting from Marketing’s default of its obligations under the Master Lease, which was received as a result of the Lukoil Settlement (as described in more detail below). Revenues from rental properties contractually due or received from Marketing under the Master Lease through its termination on April 30, 2012 (as described in more detail below) were $16,850,000 and $43,731,000, respectively, for the years ended December 31, 2012 and 2011. Revenues from rental properties contractually due or received from other tenants were $89,504,000, $69,827,000 and $45,044,000, respectively, for the years ended December 31, 2013, 2012 and 2011. Revenues from rental properties and rental property expenses included in continuing operations included $15,405,000, $10,854,000 and $6,243,000 for the years ended December 31, 2013, 2012 and 2011, respectively, for “pass-through” real estate taxes and other municipal charges paid by us which were reimbursable by our tenants pursuant to the terms of triple-net lease agreements. Revenues from rental properties included in continuing operations for the year ended December 31, 2013 also include a net loss of $1,374,000 for amounts realized under interim fuel supply agreements, as compared to a net gain of $1,763,000 for the year ended December 31, 2012. | |||||||||||||
In accordance with GAAP, we recognize rental revenue in amounts which vary from the amount of rent contractually due or received during the periods presented. As a result, revenues from rental properties include non-cash adjustments recorded for deferred rental revenue due to the recognition of rental income on a straight-line (or average) basis over the current lease term, net amortization of above-market and below-market leases and recognition of rental income recorded under direct financing leases using the effective interest method which produces a constant periodic rate of return on the net investments in the leased properties (the “Revenue Recognition Adjustments”). Revenue Recognition Adjustments included in continuing operations increased rental revenue by $7,810,000, $4,433,000 and $2,278,000 for the years ended December 31, 2013, 2012 and 2011, respectively. We provide reserves for a portion of the recorded deferred rent receivable if circumstances indicate that a tenant will not make all of its contractual lease payments during the current lease term. Our assessments and assumptions regarding the recoverability of the deferred rent receivable are reviewed on an ongoing basis and such assessments and assumptions are subject to change. | |||||||||||||
The components of the $97,147,000 net investment in direct financing leases as of December 31, 2013 are minimum lease payments receivable of $203,438,000 plus unguaranteed estimated residual value of $13,979,000 less unearned income of $120,270,000. | |||||||||||||
Future contractual minimum annual rentals receivable from our tenants, which have terms in excess of one year as of December 31, 2013, are as follows (in thousands): | |||||||||||||
YEAR ENDING | OPERATING LEASES | DIRECT | TOTAL(a) | ||||||||||
FINANCING | |||||||||||||
DECEMBER 31, | LEASES | ||||||||||||
2014 | $ | 70,577 | $ | 11,945 | $ | 82,522 | |||||||
2015 | 68,195 | 12,121 | 80,316 | ||||||||||
2016 | 68,642 | 12,308 | 80,950 | ||||||||||
2017 | 68,103 | 12,622 | 80,725 | ||||||||||
2018 | 67,080 | 12,872 | 79,952 | ||||||||||
Thereafter | 506,281 | 141,570 | 647,851 | ||||||||||
(a) | Includes $85,524,000 of future minimum annual rentals receivable under subleases. | ||||||||||||
Rent expense, substantially all of which consists of minimum rentals on non-cancelable operating leases, amounted to $7,092,000, $7,903,000 and $8,009,000 for the years ended December 31, 2013, 2012 and 2011, respectively, and is included in rental property expenses using the straight-line method. Rent received under subleases for the years ended December 31, 2013, 2012 and 2011 was $10,715,000, $11,809,000 and $13,325,000, respectively. | |||||||||||||
We have obligations to lessors under non-cancelable operating leases which have terms in excess of one year, principally for gasoline stations and convenience stores. The leased properties have a remaining lease term averaging over 11 years, including renewal options. Future minimum annual rentals payable under such leases, excluding renewal options, are as follows: 2014 — $7,296,000, 2015 — $6,417,000, 2016 — $5,399,000, 2017 — $3,931,000, 2018 — $2,863,000 and $5,229,000 thereafter. | |||||||||||||
Marketing and the Master Lease | |||||||||||||
Approximately 590 of the properties we own or lease as of December 31, 2013 were previously leased to Getty Petroleum Marketing Inc. (“Marketing”) pursuant to a master lease (the “Master Lease”). In December 2011, Marketing filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court. The Master Lease was terminated effective April 30, 2012, and in July 2012, the Bankruptcy Court approved Marketing’s Plan of Liquidation and appointed a trustee (the “Liquidating Trustee”) to oversee liquidation of the Marketing estate (the “Marketing Estate”). We incurred significant costs associated with Marketing’s bankruptcy, including legal expenses, of which $3,700,000 and $2,600,000, respectively, are included in general and administrative expense for the years ended December 31, 2013 and 2012. | |||||||||||||
In December 2011, the Marketing Estate filed a lawsuit (the “Lukoil Complaint”) against Marketing’s former parent, Lukoil Americas Corporation, and certain of its affiliates (collectively, “Lukoil”). In October 2012, we entered into an agreement with the Marketing Estate to make loans and otherwise fund up to an aggregate amount of $6,725,000 to prosecute the Lukoil Complaint and for certain other expenses incurred in connection with the wind-down of the Marketing Estate (the “Litigation Funding Agreement”). We ultimately advanced $6,526,000 in the aggregate to the Marketing Estate pursuant to the Litigation Funding Agreement. The Litigation Funding Agreement also provided that we were entitled to be reimbursed for up to $1,300,000 of our legal fees incurred in connection with the Litigation Funding Agreement. | |||||||||||||
On July 29, 2013, the Bankruptcy Court approved a settlement of the claims made in the Lukoil Complaint (the “Lukoil Settlement”). The terms of the Lukoil Settlement included a collective payment to the Marketing Estate of $93,000,000. In August 2013, the settlement payment was received by the Marketing Estate of which $25,096,000 was distributed to us pursuant to the Litigation Funding Agreement and $6,585,000 was distributed to us in full satisfaction of our post-petition priority claims related to the Master Lease. | |||||||||||||
Of the $25,096,000 received by us in the third quarter of 2013 pursuant to the Litigation Funding Agreement, $7,976,000 was applied to the advances made to the Marketing Estate plus accrued interest; $13,994,000 was applied to unpaid rent and real estate taxes due from Marketing and the related bad debt reserve was reversed; and the remainder of $3,126,000 was recorded as additional income attributed to the partial recovery of damages resulting from Marketing’s default of its obligations under the Master Lease and is reflected in continuing operations in our consolidated statements of operations as other revenue. | |||||||||||||
In accordance with GAAP, we recognized in revenue from rental properties in our consolidated statements of operations the full contractual rent and real estate obligations due to us by Marketing during the term of the Master Lease and provided bad debt reserves included in general and administrative expenses and in earnings (loss) from discontinued operations in our consolidated statements of operations for our estimate of uncollectible amounts due from Marketing. During the year ended December 31, 2013 we received $34,251,000 of funds from the Marketing Estate from our post-petition priority claims and the Lukoil Settlement thereby eliminating the previously provided reserves. The reduction in our bad debt reserve for uncollectible amounts due from Marketing for the year ended December 31, 2013 of $22,782,000 is reflected in our consolidated statements of operations by reducing general and administrative expenses in continuing operations by $16,851,000 and increasing earnings from operating activities included in discontinued operations by $5,931,000. | |||||||||||||
During the year ended December 31, 2012 we had a net increase in our bad debt reserves related to Marketing and the Master Lease of $13,980,000. The increase was related to $16,428,000 of uncollected rent and real estate taxes due from Marketing offset by $2,448,000 received from the Marketing Estate pursuant to our post-petition priority claims related to the Master Lease. The net increase in our bad debt reserve for uncollectible amounts due from Marketing for the year ended December 31, 2012 of $13,980,000 is reflected in our consolidated statements of operations by increasing general and administrative expenses in continuing operations by $10,340,000 and decreasing earnings from operating activities included in discontinued operations by $3,640,000. | |||||||||||||
As of December 31, 2011, the gross deferred rent receivable attributable to the Master Lease of $25,630,000 was fully reserved. As a result of the developments described above, we previously concluded that it was probable that we would not receive from Marketing the entire amount of the contractual lease payments owed to us under the Master Lease. Accordingly, during the third and fourth quarters of 2011, we recorded non-cash allowances for deferred rental revenue in continuing and discontinued operations aggregating $11,043,000 and $8,715,000, respectively, fully reserving in the fourth quarter of 2011 for the deferred rent receivable relating to the Master Lease. These non-cash allowances reduced our net earnings for the applicable periods in 2011, but did not impact our cash flow from operating activities. The gross deferred rent receivable and the reserve relating to the Master Lease were derecognized in the second quarter of 2012 upon termination of the Master Lease. | |||||||||||||
We believe that we will receive additional distributions from the Marketing Estate to satisfy our remaining general unsecured claims. We cannot provide any assurance as to our proportionate interest in any Marketing Estate assets, or the amount or timing of recoveries, if any, with respect to our remaining general unsecured claims against the Marketing Estate. | |||||||||||||
Leasing Activities | |||||||||||||
As of December 31, 2013, we have entered into long-term triple-net leases with petroleum distributors for 12 separate property portfolios comprising 462 properties in the aggregate that were previously leased to Marketing. We have also entered into month-to-month license agreements with occupants of 90 properties previously leased to Marketing (substantially all of whom were Marketing’s former subtenants) allowing such occupants to continue to occupy and use these properties as gas stations, convenience stores, automotive repair service facilities or other businesses. Under our month-to-month license agreements, we receive monthly licensing fees and are responsible for the payment of certain Property Expenditures (as defined above) and environmental costs. | |||||||||||||
The long-term triple-net leases with petroleum distributors are unitary triple-net lease agreements generally with an initial term of 15 years, and options for successive renewal terms of up to 20 years. Rent is scheduled to increase at varying intervals of up to three years on the anniversary of the commencement date of the leases. The majority of the leases provide for additional rent based on the aggregate volume of petroleum products sold. In addition, the majority of the leases require the tenants to make capital expenditures at our properties substantially all of which are related to the replacement of underground storage tanks (“USTs”) that are owned by our tenants. We have committed to co-invest up to $14,532,000 in the aggregate with our tenants for a portion of such capital expenditures, which deferred expense is recognized on a straight-line basis as a reduction of rental revenue in our consolidated statements of operations over the terms of the various leases. As of December 31, 2013, we have invested $308,000 of our capital commitment. As part of these triple-net leases, we transferred title of the USTs to our tenants, and the obligation to pay for the retirement and decommissioning or removal of USTs at the end of their useful life or earlier if circumstances warranted was fully or partially transferred to our new tenants. We remain contingently liable for this obligation in the event that our tenants do not satisfy their responsibilities. Accordingly, we removed $12,648,000 of asset retirement obligations and $10,435,000 of net asset retirement costs related to USTs from our balance sheet through December 31, 2013. The net amount of $2,213,000 is recorded as deferred rental revenue and is recognized on a straight-line basis as additional revenues from rental properties over the terms of the various leases. We incurred $365,000 and $3,147,000 of lease origination costs for the years ended December 31, 2013 and 2012, respectively, which deferred expense is recognized on a straight-line basis as amortization expense in our consolidated statements of operations over the terms of the various leases. For the year ended December 31, 2011, we did not incur any lease origination costs. | |||||||||||||
Chestnut Petroleum Dist. Inc. | |||||||||||||
As of December 31, 2013, we leased 142 gasoline station and convenience store properties in two separate unitary leases to subsidiaries of Chestnut Petroleum Dist. Inc. We lease 58 properties to CPD NY Energy Corp. (“CPD NY”) and 84 properties to NECG. CPD NY and NECG together represented 21%, 18% and 12% of our rental revenues for the years ended December 31, 2013, 2012 and 2011, respectively. Although we have separate, non-cross defaulted leases with each of these subsidiaries, because such subsidiaries are affiliated with one another and under common control, a material adverse impact on one subsidiary, or failure of such subsidiary to perform its rental and other obligations to us, may contribute to a material adverse impact on the other subsidiaries and/or failure of the other subsidiaries to perform its rental and other obligations to us. | |||||||||||||
The selected combined audited financial data of CPD NY (from inception on January 13, 2011) and NECG (from inception on May 1, 2012), which has been prepared by Chestnut Petroleum Dist. Inc.’s management, is provided below. | |||||||||||||
(in thousands) | |||||||||||||
Operating Data: | |||||||||||||
Year ended | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Total revenue | $ | 451,145 | $ | 424,519 | $ | 385,406 | |||||||
Gross profit | 28,721 | 26,616 | 25,764 | ||||||||||
Net income | 229 | 1,968 | 9,111 | ||||||||||
Balance Sheet Data: | |||||||||||||
December 31, | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
Current assets | $ | 10,944 | $ | 12,942 | |||||||||
Noncurrent assets | 28,852 | 23,405 | |||||||||||
Current liabilities | 13,985 | 5,107 | |||||||||||
Noncurrent liabilities | 16,043 | 21,641 | |||||||||||
Eviction proceedings are ongoing against a group of former Marketing subtenants (or sub-subtenants) who continue to occupy properties in the State of Connecticut which are subject to the NECG Lease. These ongoing eviction proceedings have materially adversely impacted NECG. In June 2013, the Connecticut Superior Court ruled in our favor with respect to all 24 locations involved in the proceedings. However, in July 2013, the operators against whom these Superior Court rulings were made appealed the decisions. As of the date of this Annual Report on Form 10-K, 13 of the 24 former operators against whom eviction proceedings were brought have reached agreements with NECG to either remain in the properties as bona fide subtenants or vacate the premises, and have withdrawn their appeals. Eleven of the operators remain in occupancy of the subject sites during the pendency of their appeal. We remain confident that we will prevail in the remaining appeals and, although no assurances can be given, we anticipate a favorable resolution of this matter in 2014. We expect that we will enter into a restructuring of the NECG Lease after a final resolution to the eviction proceedings is determined. | |||||||||||||
In August 2013, we entered into an agreement to modify the NECG Lease. This lease modification agreement includes provisions under which we can recapture and sever from the NECG Lease up to 26 properties and, as of December 31, 2013, these properties are accounted for as held for sale. As a result of the disruption and costs associated with the litigation, NECG was not current in its rent and certain other obligations due to us under the NECG Lease. We increased our accounts receivable bad debt reserves by approximately $1,015,000 in 2013 so that the total bad debt reserve related to NECG as of December 31, 2013 is approximately $1,765,000 in aggregate. | |||||||||||||
As a result of the developments with NECG described above, we concluded that it was probable that we would not receive from NECG the entire amount of the contractual lease payments owed to us under the NECG Lease for the likely removal of properties and for rent payment deferrals previously agreed to related to the year ended December 31, 2013. Accordingly, during the year ended 2013, we recorded a non-cash allowance for deferred rent receivable which resulted in a full reserve of the outstanding balance of $4,775,000. This non-cash allowance reduced our net earnings for the year ended December 31, 2013, but did not impact our cash flow from operating activities. | |||||||||||||
Capitol Petroleum Group | |||||||||||||
As of December 31, 2013, we leased 97 gasoline station and convenience store properties in four separate unitary leases to subsidiaries of Capitol Petroleum Group, LLC. We lease 37 properties to White Oak Petroleum, LLC, 24 properties to Hudson Petroleum Realty, LLC, 20 properties to Dogwood Petroleum Realty, LLC and 16 properties to Big Apple Petroleum Realty, LLC. In aggregate, these Capitol affiliates represented 15%, 7% and 6% of our rental revenues for the years ended December 31, 2013, 2012 and 2011, respectively. Although we have separate, non-cross defaulted leases with each of these subsidiaries, because such subsidiaries are affiliated with one another and under common control, a material adverse impact on one subsidiary, or failure of such subsidiary to perform its rental and other obligations to us, may contribute to a material adverse impact on the other subsidiaries and/or failure of the other subsidiaries to perform its rental and other obligations to us. |
COMMITMENTS_AND_CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Dec. 31, 2013 | |
Commitments And Contingencies Disclosure [Abstract] | ' |
COMMITMENTS AND CONTINGENCIES | ' |
3. COMMITMENTS AND CONTINGENCIES | |
Credit Risk | |
In order to minimize our exposure to credit risk associated with financial instruments, we place our temporary cash investments, if any, with high credit quality institutions. Temporary cash investments, if any, are currently held in an overnight bank time deposit with JPMorgan Chase Bank, N.A. | |
Legal Proceedings | |
We are subject to various legal proceedings and claims which arise in the ordinary course of our business. As of December 31, 2013 and December 31, 2012, we had accrued $11,423,000 and $3,615,000, respectively, for certain of these matters which we believe were appropriate based on information then currently available. We have recorded provisions for litigation losses aggregating $7,956,000 and $92,000 for certain of these matters during the years ended December 31, 2013 and 2012, respectively. We are unable to estimate ranges in excess of the amount accrued with any certainty for these matters. It is possible that our assumptions regarding the ultimate allocation method and share of responsibility that we used to allocate environmental liabilities may change, which may result in our providing an accrual, or adjustments to the amounts recorded, for environmental litigation accruals. Matters related to our former Newark, New Jersey Terminal and the Lower Passaic River and the MTBE multi-district litigation case, in particular, could cause a material adverse effect on our business, financial condition, results of operations, liquidity, ability to pay dividends or stock price. | |
Matters related to our former Newark, New Jersey Terminal and the Lower Passaic River | |
In September 2003, we received a directive (the “Directive”) issued by the NJDEP under the New Jersey Spill Compensation and Control Act. The Directive indicated that we are one of approximately 66 potentially responsible parties for alleged Natural Resource Damages (“NRD” or “NRDs”) resulting from the discharges of hazardous substances along the lower Passaic River (the “Lower Passaic River”). The Directive provided, among other things, that the recipients thereof must conduct an assessment of the natural resources that have been injured by the discharges into the Lower Passaic River and must implement interim compensatory restoration for the injured natural resources. The NJDEP alleges that our liability arises from alleged discharges originating from our former Newark, New Jersey Terminal site (which was sold in October 2013). We responded to the Directive by asserting that we were not liable. There has been no material activity and/or communications by the NJDEP with respect to the Directive since early after its issuance. | |
In May 2007, the United States Environmental Protection Agency (“EPA”) entered into an Administrative Settlement Agreement and Order on Consent (“AOC”) with over 70 parties, most of which are also members of a Cooperating Parties Group (“CPG”) who have collectively agreed to perform a Remedial Investigation and Feasibility Study (“RI/FS”) for a 17 mile stretch of the Lower Passaic River in New Jersey. We are a party to the AOC and are a member of the CPG. The RI/FS is intended to address the investigation and evaluation of alternative remedial actions with respect to alleged damages to the Lower Passaic River, and is scheduled to be completed in or about 2014. Subsequently, the members of the CPG entered into an Administrative Settlement Agreement and Order on Consent (“10.9 AOC”) effective June 18, 2012 to perform certain remediation activities, including removal and capping of sediments at the river mile 10.9 area and certain testing. The EPA also issued a Unilateral Order to Occidental Chemical Corporation (“Occidental”) directing Occidental to participate and contribute to the cost of the river mile 10.9 work. Concurrently, the EPA is finalizing a Focused Feasibility Study (“FFS”) that the EPA claims will address sediment issues in the lower eight miles of the Lower Passaic River. The RI/FS AOC and 10.9 AOC do not resolve liability issues for remedial work or the restoration of or compensation for alleged natural resource damages to the Lower Passaic River, which are not known at this time. Our ultimate liability, if any, in the pending and possible future proceedings pertaining to the Lower Passaic River is uncertain and subject to numerous contingencies which cannot be predicted and the outcome of which are not yet known. | |
In December 2005, the State of New Jersey (through the NJDEP, the Commissioner of the NJDEP and the Administrator of the New Jersey Spill Compensation Fund and hereinafter collectively the “State”) brought suit in the Superior Court of New Jersey, Law Division (the “Action”) against Occidental, Tierra Solutions, Inc. (“Tierra”), Maxus Energy Corporation (“Maxus”) and related entities for various past and future damages on account of discharges of hazardous substances to the Passaic River by Occidental and its predecessors-in-interest from a facility formerly located at 80 and 120 Lister Avenue in Newark, New Jersey (the “Lister Ave. Facility”). In February 2009, two of the original defendants, Maxus and Tierra, filed third-party complaints which named approximately 300 additional parties to the Action, including us. The third-party complaints alleged that the third-party entities were responsible for discharges of hazardous substances to the Newark Bay Complex from hundreds of sites in the area, and therefore were liable for some or all of the environmental cleanup costs and damages at issue in the Action. | |
In March 2013, the State and most of the third-party defendants, including us, negotiated a settlement agreement to resolve the Action for the participating third-party defendants (hereinafter the “Settling Parties”). Under the terms of the settlement, each public third-party defendant agreed to pay the State $95,000 and each private third-party defendant, including us, agreed to pay the State $195,000. The State published notice of the proposed settlement, and the mandatory public comment period expired on July 31, 2013. On October 28, 2013, the State filed a motion with the court seeking approval of the third-party settlement. The third-party settlement was approved by the Court following a hearing on the motion on December 12, 2013 and an order was entered which dismissed the pending claims against the Settling Parties. | |
MTBE Litigation | |
We are defending against one remaining lawsuit of many brought by or on behalf of private and public water providers and governmental agencies. These cases alleged (and, as described below with respect to one remaining case, continue to allege) various theories of liability due to contamination of groundwater with methyl tertiary butyl ether (a fuel derived from methanol, commonly referred to as “MTBE”) as the basis for claims seeking compensatory and punitive damages, and name as defendant approximately 50 petroleum refiners, manufacturers, distributors and retailers of MTBE, or gasoline containing MTBE. During 2010, we agreed to, and subsequently paid, an aggregate of $2,025,000 to settle two plaintiff classes covering 52 cases and another brought by the City of New York. Presently, we remain a defendant in one MTBE case involving multiple locations throughout the State of New Jersey brought by various governmental agencies of the State of New Jersey, including the NJDEP (the “New Jersey MDL Proceedings”). The State of New Jersey is seeking reimbursement of significant clean-up and remediation costs arising out of the alleged release of MTBE containing gasoline in the State of New Jersey and is asserting various natural resource damage claims as well as liability against the owners and operators of gas station properties from which the releases occurred. Although the ultimate outcome of the New Jersey MDL Proceedings cannot be ascertained at this time, we believe it is probable that this litigation will be resolved in a manner that is unfavorable to us. Preliminary settlement communications from the plaintiffs indicated that they were seeking $88,000,000 collectively from us, Marketing and Lukoil. Subsequent communications from the plaintiffs indicate that they are seeking approximately $24,000,000 from us. We have countered with a settlement offer on behalf of the Company only, which was rejected. We do not believe that plaintiffs’ settlement proposal is realistic given the legal theories and facts applicable to our activities and gas stations, and affirmative defenses available to us, all of which we believe have not been sufficiently developed in the proceedings. We continue to engage in a settlement negotiation and a dialogue to educate the plaintiff’s counsel on the unique nature of the Company and our business as compared to the other defendants in the litigation. In addition, we are pursuing claims for insurance coverage that we believe is provided under pollution insurance policies previously obtained by Marketing and under which we are entitled to coverage; however, we have not yet confirmed whether and to what extent such coverage may actually be available. We are unable to estimate the range of loss in excess of the amount accrued with certainty for the New Jersey MDL Proceedings as we do not believe that plaintiffs’ settlement proposal is realistic and there remains uncertainty as to the allegations in this case as they relate to us, our defenses to the claims, our rights to indemnification or contribution from other parties and the aggregate possible amount of damages for which we may be held liable. Our best estimate of the loss within a range of loss has been accrued for; however, it is possible that losses related to the New Jersey MDL Proceedings could result in a loss in excess of the amount accrued as of December 31, 2013 and such additional losses could cause a material adverse effect on our business, financial condition, results of operations, liquidity, ability to pay dividends or stock price. |
CREDIT_AGREEMENT_AND_PRUDENTIA
CREDIT AGREEMENT AND PRUDENTIAL LOAN AGREEMENT | 12 Months Ended |
Dec. 31, 2013 | |
Debt Disclosure [Abstract] | ' |
CREDIT AGREEMENT AND PRUDENTIAL LOAN AGREEMENT | ' |
4. CREDIT AGREEMENT AND PRUDENTIAL LOAN AGREEMENT | |
As of December 31, 2012, we were a party to a $175,000,000 amended and restated senior secured revolving credit agreement with a group of commercial banks led by JPMorgan Chase Bank, N.A. and a $25,000,000 amended term loan agreement with TD Bank, both of which were scheduled to mature in March 2013. As of December 31, 2012, borrowings under the credit agreement were $150,290,000 bearing interest at a rate of 3.25% per annum and borrowings under the term loan agreement were $22,030,000 bearing interest at a rate of 3.50% per annum. Loan origination costs incurred in March 2012 of $4,144,000 were amortized over the one year extended term of these debt agreements. On February 25, 2013, the borrowings then outstanding under such credit agreement and term loan agreement were repaid with cash on hand and proceeds of the Credit Agreement and the Prudential Loan Agreement (both defined below). | |
Credit Agreement | |
On February 25, 2013, we entered into a $175,000,000 senior secured revolving credit agreement (the “Credit Agreement”) with a group of commercial banks led by JPMorgan Chase Bank, N.A. (the “Bank Syndicate”), which is scheduled to mature in August 2015. Subject to the terms of the Credit Agreement, we have the option to extend the term of the Credit Agreement for one additional year to August 2016. The Credit Agreement allocates $25,000,000 of the total Bank Syndicate commitment to a term loan and $150,000,000 to a revolving credit facility. Subject to the terms of the Credit Agreement, we have the option to increase by $50,000,000 the amount of the revolving credit facility to $200,000,000. The Credit Agreement permits borrowings at an interest rate equal to the sum of a base rate plus a margin of 1.50% to 2.00% or a LIBOR rate plus a margin of 2.50% to 3.00% based on our leverage at the end of each quarterly reporting period. The annual commitment fee on the undrawn funds under the Credit Agreement is 0.30% to 0.40% based on our leverage at the end of each quarterly reporting period. The Credit Agreement does not provide for scheduled reductions in the principal balance prior to its maturity. As of December 31, 2013, borrowings under the Credit Agreement were $58,000,000 bearing interest at a rate of approximately 3.2% per annum. | |
The Credit Agreement provides for security in the form of, among other items, mortgage liens on certain of our properties. As of December 31, 2013, the mortgaged properties had an aggregate net book value of approximately $154,117,000. The parties to the Credit Agreement and the Prudential Loan Agreement (as defined below) share the security pursuant to the terms of an inter-creditor agreement. The Credit Agreement contains customary financial covenants such as loan to value, leverage and coverage ratios and minimum tangible net worth, as well as limitations on restricted payments, which may limit our ability to incur additional debt or pay dividends. The Credit Agreement contains customary events of default, including default under the Prudential Loan Agreement, change of control and failure to maintain REIT status. Any event of default, if not cured or waived, would increase by 200 basis points (2.00%) the interest rate we pay under the Credit Agreement and prohibit us from drawing funds against the Credit Agreement and could result in the acceleration of our indebtedness under the Credit Agreement and could also give rise to an event of default and could result in the acceleration of our indebtedness under the Prudential Loan Agreement. We may be prohibited from drawing funds against the revolving credit facility if there is a material adverse effect on our business, assets, prospects or condition. | |
On December 23, 2013, we amended the Credit Agreement to change certain definitions and financial covenant calculations provided for in the agreement. | |
Prudential Loan Agreement | |
On February 25, 2013, we entered into a $100,000,000 senior secured term loan agreement with the Prudential Insurance Company of America (the “Prudential Loan Agreement”), which matures in February 2021. The Prudential Loan Agreement bears interest at 6.00%. The Prudential Loan Agreement does not provide for scheduled reductions in the principal balance prior to its maturity. The parties to the Credit Agreement and the Prudential Loan Agreement share the security described above pursuant to the terms of an inter-creditor agreement. The Prudential Loan Agreement contains customary financial covenants such as loan to value, leverage and coverage ratios and minimum tangible net worth, as well as limitations on restricted payments, which may limit our ability to incur additional debt or pay dividends. The Prudential Loan Agreement contains customary events of default, including default under the Credit Agreement and failure to maintain REIT status. Any event of default, if not cured or waived, would increase by 200 basis points (2.00%) the interest rate we pay under the Prudential Loan Agreement and could result in the acceleration of our indebtedness under the Prudential Loan Agreement and could also give rise to an event of default and could result in the acceleration of our indebtedness under our Credit Agreement. | |
On December 23, 2013, we amended the Prudential Loan Agreement to change certain definitions and financial covenant calculations provided for in the agreement. | |
We repaid the then outstanding borrowings related to our debt outstanding as of December 31, 2012 partially with cash on hand and proceeds from the Credit Agreement and the Prudential Loan Agreement entered into in February 2013. The aggregate maturity of the Credit Agreement and the Prudential Loan Agreement as of December 31, 2013, is as follows: 2015 — $58,000,000 and 2021 — $100,000,000. | |
Due to the near-term maturity of our outstanding debt as of December 31, 2012, the carrying value of the borrowings outstanding as of December 31, 2012 approximated fair value. As of December 31, 2013, the carrying value of the borrowings outstanding under the Credit Agreement and the Prudential Loan Agreement approximated fair value. The fair value of the borrowings outstanding as of December 31, 2013 and 2012 was determined using a discounted cash flow technique that incorporates a market interest yield curve with adjustments for duration, optionality, risk profile and projected average borrowings outstanding or borrowings outstanding, which are based on unobservable inputs within Level 3 of the Fair Value Hierarchy. |
ENVIRONMENTAL_OBLIGATIONS
ENVIRONMENTAL OBLIGATIONS | 12 Months Ended |
Dec. 31, 2013 | |
Environmental Remediation Obligations [Abstract] | ' |
ENVIRONMENTAL OBLIGATIONS | ' |
5. ENVIRONMENTAL OBLIGATIONS | |
We are subject to numerous federal, state and local laws and regulations, including matters relating to the protection of the environment such as the remediation of known contamination and the retirement and decommissioning or removal of long-lived assets including buildings containing hazardous materials, USTs and other equipment. Environmental costs are principally attributable to remediation costs which include installing, operating, maintaining and decommissioning remediation systems, monitoring contamination and governmental agency reporting incurred in connection with contaminated properties. We seek reimbursement from state UST remediation funds related to these environmental costs where available. In July 2012, we purchased for $3,062,000 a ten-year pollution legal liability insurance policy covering all of our properties for pre-existing unknown environmental liabilities and new environmental events. The policy has a $50,000,000 aggregate limit and is subject to various self-insured retentions and other conditions and limitations. Our intention in purchasing this policy is to obtain protection predominantly for significant events. No assurances can be given that we will obtain a net financial benefit from this investment. | |
We enter into leases and various other agreements which allocate between the parties responsibility for known and unknown environmental liabilities at or relating to the subject properties. We are contingently liable for these environmental obligations in the event that the counterparty to the agreement does not satisfy them. | |
For all of our triple-net leases, our tenants are directly responsible for compliance with various environmental laws and regulations as the operators of our properties, for the retirement and decommissioning or removal of all or a negotiated percentage of USTs and other equipment and for remediation of environmental contamination that arises during the term of their tenancy. Under the terms of our leases covering properties previously leased to Marketing, we have agreed to be responsible for environmental contamination at the premises that is known at the time the lease commences and for contamination that existed at the premises prior to commencement of the lease and is discovered by the tenant (other than as a result of a voluntary site investigation) during the first ten years of the lease term. After expiration of such ten year period, responsibility for all newly discovered contamination (irrespective of when the contamination first arose) is allocated to our tenant. Under most of our other triple-net leases, responsibility for remediation of all environmental contamination discovered during the term of the lease (including known and unknown contamination that existed prior to commencement of the lease) is the responsibility of our tenant. | |
Under the Master Lease, Marketing was responsible to pay for the retirement and decommissioning or removal of USTs at the end of their useful life or earlier if circumstances warranted as well as remediation of environmental contamination Marketing caused and all unknown environmental liabilities discovered during the term of the Master Lease (collectively, the “Marketing Environmental Liabilities”). As a result of Marketing’s bankruptcy filing, in the fourth quarter of 2011, we accrued for the Marketing Environmental Liabilities because we concluded that Marketing would not be able to perform them. A liability has not been accrued for environmental obligations that are the responsibility of any of our current tenants based on our tenant’s history of paying such obligations and/or our assessment of their financial ability and intent to pay such costs. However, there can be no assurance that our assessments are correct or that our tenants who have paid their obligations in the past will continue to do so. | |
As part of the triple-net leases whose term commenced through December 31, 2013, we transferred title of the USTs to our tenants, and the obligation to pay for the retirement and decommissioning or removal of USTs at the end of their useful life or earlier if circumstances warranted was fully or partially transferred to our new tenants. Accordingly, through December 31, 2013, we removed $12,648,000 of asset retirement obligations and $10,435,000 of net asset retirement costs related to USTs from our balance sheet. The cumulative net amount of $2,213,000 is recorded as deferred rental revenue and will be recognized on a straight-line basis as additional revenues from rental properties over the terms of the various leases. (See note 2 for additional information.) | |
It is possible that our assumptions regarding the ultimate allocation method and share of responsibility that we used to allocate environmental liabilities may change, which may result in material adjustments to the amounts recorded for environmental litigation accruals and environmental remediation liabilities. We are required to accrue for environmental liabilities that we believe are allocable to others under various other agreements if we determine that it is probable that the counterparty will not meet its environmental obligations. The ultimate resolution of these matters could cause a material adverse effect on our business, financial condition, results of operations, liquidity, ability to pay dividends or stock price. | |
The estimated future costs for known environmental remediation requirements are accrued when it is probable that a liability has been incurred and a reasonable estimate of fair value can be made. The accrued liability is the aggregate of the best estimate of the fair value of cost for each component of the liability net of estimated recoveries from state UST remediation funds considering estimated recovery rates developed from prior experience with the funds. | |
Environmental exposures are difficult to assess and estimate for numerous reasons, including the extent of contamination, alternative treatment methods that may be applied, location of the property which subjects it to differing local laws and regulations and their interpretations, as well as the time it takes to remediate contamination. In developing our liability for estimated environmental remediation obligations on a property by property basis, we consider among other things, enacted laws and regulations, assessments of contamination and surrounding geology, quality of information available, currently available technologies for treatment, alternative methods of remediation and prior experience. Environmental accruals are based on estimates which are subject to significant change, and are adjusted as the remediation treatment progresses, as circumstances change and as environmental contingencies become more clearly defined and reasonably estimable. Adjustments to accrued liabilities for environmental remediation obligations will be reflected in our consolidated financial statements as they become probable and a reasonable estimate of fair value can be made. | |
Environmental remediation obligations are initially measured at fair value based on their expected future net cash flows which have been adjusted for inflation and discounted to present value. We adjust our environmental remediation liability quarterly to reflect changes in projected expenditures, accretion and reductions associated with actual expenditures incurred during each quarter. As of December 31, 2013, 2012 and 2011, we had accrued $43,472,000, $46,150,000 and $57,700,000, respectively, as our best estimate of the fair value of reasonably estimable environmental remediation obligations net of estimated recoveries and obligations to remove USTs. Environmental liabilities are accreted for the change in present value due to the passage of time and, accordingly, $3,214,000, $3,174,000 and $899,000 of net accretion expense was recorded for the years ended December 31, 2013, 2012 and 2011, respectively, which is included in environmental expenses. In addition, during the years ended December 31, 2013 and 2012, we recorded credits to environmental expenses included in continuing operations and to earnings from operating activities in discontinued operations in our consolidated statements of operations aggregating $2,956,000 and $4,215,000, respectively, where decreases in estimated remediation costs exceeded the depreciated carrying value of previously capitalized asset retirement costs. Environmental expenses also include project management fees, legal fees and provisions for environmental litigation losses. | |
During the years ended December 31, 2013 and 2012, we increased the carrying value of certain of our properties by $12,371,000 and $5,710,000, respectively, due to increases in estimated remediation costs. The recognition and subsequent changes in estimates in environmental liabilities and the increase or decrease in carrying value of the properties are non-cash transactions which do not appear on the face of the consolidated statements of cash flows. Capitalized asset retirement costs are being depreciated over the estimated remaining life of the underground storage tank, a ten year period if the increase in carrying value related to environmental remediation obligations or such shorter period if circumstances warrant, such as the remaining lease term for properties we lease from others. Depreciation and amortization expense included in continuing operations and earnings from operating activities in discontinued operations in our consolidated statements of operations for the years ended December 31, 2013 and 2012 included $2,009,000 and $5,371,000, respectively, of depreciation related to capitalized asset retirement costs. Capitalized asset retirement costs were $18,281,000 and $23,549,000 as of December 31, 2013 and 2012, respectively. | |
We cannot predict what environmental legislation or regulations may be enacted in the future or how existing laws or regulations will be administered or interpreted with respect to products or activities to which they have not previously been applied. We cannot predict if state UST fund programs will be administered and funded in the future in a manner that is consistent with past practices and if future environmental spending will continue to be eligible for reimbursement at historical recovery rates under these programs. Compliance with more stringent laws or regulations, as well as more vigorous enforcement policies of the regulatory agencies or stricter interpretation of existing laws, which may develop in the future, could have an adverse effect on our financial position, or that of our tenants, and could require substantial additional expenditures for future remediation. | |
In view of the uncertainties associated with environmental expenditure contingencies, we are unable to estimate ranges in excess of the amount accrued with any certainty; however, we believe it is possible that the fair value of future actual net expenditures could be substantially higher than amounts currently recorded by us. Adjustments to accrued liabilities for environmental remediation obligations will be reflected in our consolidated financial statements as they become probable and a reasonable estimate of fair value can be made. Future environmental expenses could cause a material adverse effect on our business, financial condition, results of operations, liquidity, ability to pay dividends or stock price. |
INCOME_TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | ' |
INCOME TAXES | ' |
6. INCOME TAXES | |
Net cash paid for income taxes for the years ended December 31, 2013, 2012 and 2011 of $173,000, $810,000 and $267,000, respectively, includes amounts related to state and local income taxes for jurisdictions that do not follow the federal tax rules, which are provided for in rental property expenses in our consolidated statements of operations. | |
Earnings and profits (as defined in the Internal Revenue Code) are used to determine the tax attributes of dividends paid to stockholders and will differ from income reported for financial statements purposes due to the effect of items which are reported for income tax purposes in years different from that in which they are recorded for financial statements purposes. Earnings and profits were $29,957,000, $7,814,000 and $63,472,000 for the years ended December 31, 2013, 2012 and 2011, respectively. The federal tax attributes of the common dividends for the years ended December 31, 2013, 2012 and 2011 were: ordinary income of 94.4%, 10.0% and 98.3%, capital gain distributions of 5.6%, 61.3% and 1.7% and non-taxable distributions of 0.0%, 28.7% and 0.0%, respectively. | |
To qualify for taxation as a REIT, we, among other requirements such as those related to the composition of our assets and gross income, must distribute annually to our stockholders at least 90% of our taxable income, including taxable income that is accrued by us without a corresponding receipt of cash. We cannot provide any assurance that our cash flows will permit us to continue paying cash dividends. The Internal Revenue Service (“IRS”) has allowed the use of a procedure, as a result of which we could satisfy the REIT income distribution requirement by making a distribution on our common stock comprised of (i) shares of our common stock having a value of up to 80% of the total distribution and (ii) cash in the remaining amount of the total distribution, in lieu of paying the distribution entirely in cash. In order to use this procedure, we would need to seek and obtain a private letter ruling of the IRS to the effect that the procedure is applicable to our situation. Without obtaining such a private letter ruling, we cannot provide any assurance that we will be able to satisfy our REIT income distribution requirement by making distributions payable in whole or in part in shares of our common stock. Should the IRS successfully assert that our earnings and profits were greater than the amount distributed, we may fail to qualify as a REIT; however, we may avoid losing our REIT status by paying a deficiency dividend to eliminate any remaining earnings and profits. We may have to borrow money or sell assets to pay such a deficiency dividend. Although tax returns for the years 2010, 2011 and 2012, and tax returns which will be filed for the year ended 2013, remain open to examination by federal and state tax jurisdictions under the respective statute of limitations, except as noted in the following paragraph, we have not currently identified any uncertain tax positions related to those years and, accordingly, have not accrued for uncertain tax positions as of December 31, 2013 or 2012. However, uncertain tax matters may have a significant impact on the results of operations for any single fiscal year or interim period. | |
In the third quarter of 2013, we submitted to the IRS a request seeking a ruling that a portion of the payments we received from the Marketing Estate, including amounts related to the Litigation Funding Agreement (see note 2 for additional information regarding the Lukoil Settlement and the Litigation Funding Agreement), be treated either as qualifying income or excluded from gross income for the purposes of the REIT qualification gross income tests either as a matter of law or pursuant to the discretionary authority granted by Congress to the IRS to determine whether certain types of income are an outgrowth of a REIT’s business of owning and operating real estate. In January 2014, we received a favorable ruling from the IRS indicating that a portion of the payments received from the Marketing Estate will be treated as qualifying income and the remainder will be excluded from gross income for the purposes of the REIT qualification gross income tests. Therefore, none of the cash flow received from the Marketing Estate, including amounts related to the Litigation Funding Agreement, will be treated as non-qualifying income for purposes of the REIT qualification gross income tests. |
SHAREHOLDERS_EQUITY
SHAREHOLDERS' EQUITY | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
SHAREHOLDERS' EQUITY | ' | ||||||||||||||||||||||||
7. SHAREHOLDERS’ EQUITY | |||||||||||||||||||||||||
A summary of the changes in shareholders’ equity for the years ended December 31, 2013, 2012 and 2011 is as follows (in thousands, except per share amounts): | |||||||||||||||||||||||||
COMMON STOCK | PAID-IN | DIVIDEND | ACCUMULATED | ||||||||||||||||||||||
PAID | OTHER | ||||||||||||||||||||||||
IN EXCESS | COMPREHENSIVE | ||||||||||||||||||||||||
SHARES | AMOUNT | CAPITAL | OF EARNINGS | LOSS | TOTAL | ||||||||||||||||||||
BALANCE, DECEMBER 31, 2010 | 29,944 | $ | 299 | $ | 368,093 | $ | (52,304 | ) | $ | (1,153 | ) | $ | 314,935 | ||||||||||||
Net earnings | 12,456 | 12,456 | |||||||||||||||||||||||
Dividends — $1.46 per share | (49,004 | ) | (49,004 | ) | |||||||||||||||||||||
Stock-based compensation | 643 | 643 | |||||||||||||||||||||||
Stock options exercised | — | ||||||||||||||||||||||||
Proceeds from issuance of common stock | 3,450 | 35 | 91,951 | 91,986 | |||||||||||||||||||||
Net unrealized gain on interest rate swap | 1,153 | 1,153 | |||||||||||||||||||||||
BALANCE, DECEMBER 31, 2011 | 33,394 | 334 | 460,687 | (88,852 | ) | — | 372,169 | ||||||||||||||||||
Net earnings | 12,447 | 12,447 | |||||||||||||||||||||||
Dividends — $0.375 per share | (12,606 | ) | (12,606 | ) | |||||||||||||||||||||
Stock-based compensation | 3 | 739 | 739 | ||||||||||||||||||||||
BALANCE, DECEMBER 31, 2012 | 33,397 | 334 | 461,426 | (89,011 | ) | 372,749 | |||||||||||||||||||
Net earnings | 70,011 | 70,011 | |||||||||||||||||||||||
Dividends — $0.850 per share | (28,640 | ) | (28,640 | ) | |||||||||||||||||||||
Stock-based compensation | — | — | 971 | — | — | 971 | |||||||||||||||||||
BALANCE, DECEMBER 31, 2013 | 33,397 | $ | 334 | $ | 462,397 | $ | (47,640 | ) | $ | — | $ | 415,091 | |||||||||||||
We are authorized to issue 20,000,000 shares of preferred stock, par value $.01 per share, of which none were issued as of December 31, 2013, 2012 and 2011. | |||||||||||||||||||||||||
In the first quarter of 2011, we completed a public stock offering of 3,450,000 shares of our common stock, of which 3,000,000 shares were issued in January 2011 and 450,000 shares, representing the underwriter’s over-allotment, were issued in February 2011. Substantially all of the aggregate $91,986,000 net proceeds from the issuance of common stock (after related transaction costs of $267,000) was used to repay a portion of our outstanding indebtedness and the remainder was used for general corporate purposes. |
EMPLOYEE_BENEFIT_PLANS
EMPLOYEE BENEFIT PLANS | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||
EMPLOYEE BENEFIT PLANS | ' | ||||||||||||
8. EMPLOYEE BENEFIT PLANS | |||||||||||||
The Getty Realty Corp. 2004 Omnibus Incentive Compensation Plan (the “2004 Plan”) provides for the grant of restricted stock, restricted stock units, performance awards, dividend equivalents, stock payments and stock awards to all employees and members of the Board of Directors. The 2004 Plan authorizes us to grant awards with respect to an aggregate of 1,000,000 shares of common stock through 2014. The aggregate maximum number of shares of common stock that may be subject to awards granted under the 2004 Plan during any calendar year is 80,000. | |||||||||||||
In addition, in April 2012, the Compensation Committee of the Board of Directors adopted, for 2012 only, a performance-based incentive compensation feature to our compensation program for named executive officers (“NEOs”) and other executives. By adding this performance-based incentive compensation feature, the Compensation Committee intended to incentivize management’s efforts associated with achieving our business objectives and financial performance in 2012. To do so, the Compensation Committee approved a program under which certain NEOs and other executives would be eligible to receive restricted stock units (“RSUs”) (including dividend equivalents paid with respect to such RSUs) in 2013 contingent on the level of achievement of several financial performance goals in 2012 and on a subjective qualitative evaluation of the performance of the executive in 2012. Under the 2012 performance-based incentive compensation program, the RSUs that were granted, were granted on terms substantially consistent with the 2004 Plan, except for the relative vesting schedules: RSUs granted under the 2012 performance-based incentive compensation program vest on a cumulative basis, with the first 20% vesting occurring on May 1, 2013, and an additional 20% vesting on each May 1 thereafter, through May 1, 2017; while the traditional discretionary RSU awards vest on a cumulative basis ratably over a five-year period with the first 20% vesting occurring on the first anniversary of the date of the grant. In February 2013, the Compensation Committee granted a total of 35,000 RSUs to NEOs and other executives under the 2012 performance-based incentive compensation program. All such RSU grants include related dividend equivalents. | |||||||||||||
We awarded to employees and directors 79,500 (including 35,000 RSUs issued under the 2012 performance-based incentive compensation program), 52,125 and 47,625 RSUs and dividend equivalents in 2013, 2012 and 2011, respectively. RSUs granted before 2009 provide for settlement upon termination of employment with the Company or termination of service from the Board of Directors and RSUs granted in 2009 and thereafter upon the earlier of 10 (ten) years after grant or termination. On the settlement date each vested RSU will have a value equal to one share of common stock and may be settled, at the sole discretion of the Compensation Committee, in cash or by the issuance of one share of common stock. The RSUs do not provide voting or other shareholder rights unless and until the RSU is settled for a share of common stock. The RSUs vest starting one year from the date of grant, on a cumulative basis at the annual rate of 20% of the total number of RSUs covered by the award. The dividend equivalents represent the value of the dividends paid per common share multiplied by the number of RSUs covered by the award. For the years ended December 31, 2013, 2012 and 2011, dividend equivalents aggregating approximately $251,000, $82,000 and $249,000, respectively, were charged against retained earnings when common stock dividends were declared. | |||||||||||||
The following is a schedule of the activity relating to RSUs outstanding: | |||||||||||||
NUMBER OF | FAIR VALUE | ||||||||||||
RSUs | |||||||||||||
OUTSTANDING | AMOUNT | AVERAGE | |||||||||||
PER RSU | |||||||||||||
RSUs OUTSTANDING AT DECEMBER 31, 2010 | 123,200 | ||||||||||||
Granted | 47,625 | $ | 1,043,000 | $ | 21.9 | ||||||||
RSUs OUTSTANDING AT DECEMBER 31, 2011 | 170,825 | ||||||||||||
Granted | 52,125 | $ | 864,000 | $ | 16.57 | ||||||||
Settled | (2,780 | ) | $ | 70,000 | $ | 25.31 | |||||||
Cancelled | (3,820 | ) | $ | 88,000 | $ | 23.1 | |||||||
RSUs OUTSTANDING AT DECEMBER 31, 2012 | 216,350 | ||||||||||||
Granted | 79,500 | $ | 1,439,110 | $ | 18.1 | ||||||||
RSUs OUTSTANDING AT DECEMBER 31, 2013 | 295,850 | ||||||||||||
The fair values of the RSUs were determined based on the closing market price of our stock on the date of grant. The fair value of the grants is recognized as compensation expense ratably over the five-year vesting period of the RSUs. Compensation expense related to RSUs for the years ended December 31, 2013, 2012 and 2011 was $962,000, $746,000 and $638,000, respectively, and is included in general and administrative expense in our consolidated statements of operations. As of December 31, 2013, there was $2,302,000 of unrecognized compensation cost related to RSUs granted under the 2004 Plan and the 2012 performance-based incentive compensation program, which cost is expected to be recognized over a weighted average period of approximately 3.2 years. The aggregate intrinsic value of the 295,850 outstanding RSUs and the 136,135 vested RSUs as of December 31, 2013 was $5,435,000 and $2,501,000, respectively. | |||||||||||||
The following is a schedule of the vesting activity relating to RSUs outstanding: | |||||||||||||
NUMBER | FAIR | ||||||||||||
OF RSUs | VALUE | ||||||||||||
VESTED | |||||||||||||
RSUs VESTED AT DECEMBER 31, 2010 | 45,400 | ||||||||||||
Vested | 21,400 | $ | 505,000 | ||||||||||
RSUs VESTED AT DECEMBER 31, 2011 | 66,800 | ||||||||||||
Vested | 29,205 | $ | 734,000 | ||||||||||
Settled | (2,780 | ) | $ | 70,000 | |||||||||
RSUs VESTED AT DECEMBER 31, 2012 | 93,225 | ||||||||||||
Vested | 42,910 | $ | 844,000 | ||||||||||
RSUs VESTED AT DECEMBER 31, 2013 | 136,135 | ||||||||||||
We have a retirement and profit sharing plan with deferred 401(k) savings plan provisions (the “Retirement Plan”) for employees meeting certain service requirements and a supplemental plan for executives (the “Supplemental Plan”). Under the terms of these plans, the annual discretionary contributions to the plans are determined by the Compensation Committee of the Board of Directors. | |||||||||||||
Also, under the Retirement Plan, employees may make voluntary contributions and we have elected to match an amount equal to fifty percent of such contributions but in no event more than three percent of the employee’s eligible compensation. Under the Supplemental Plan, a participating executive may receive an amount equal to ten percent of eligible compensation, reduced by the amount of any contributions allocated to such executive under the Retirement Plan. Contributions, net of forfeitures, under the retirement plans approximated $238,000, $270,000 and $239,000 for the years ended December 31, 2013, 2012 and 2011, respectively. These amounts are included in general and administrative expense in our consolidated statements of operations. | |||||||||||||
We have a stock option plan (the “Stock Option Plan”). Our authorization to grant options to purchase shares of our common stock under the Stock Option Plan has expired. As of December 31, 2013, there were 5,000 options outstanding which were exercisable at $27.68 with a remaining contractual life of five years. As of December 31, 2013, the 5,000 options outstanding had no intrinsic value. |
QUARTERLY_FINANCIAL_DATA
QUARTERLY FINANCIAL DATA | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
QUARTERLY FINANCIAL DATA | ' | ||||||||||||||||
9. QUARTERLY FINANCIAL DATA | |||||||||||||||||
During the preparation of the consolidated financial statements for the year ended December 31, 2013, we identified and corrected an error in which we inappropriately classified certain property expenses as discontinued operations. The error resulted in a reclassification of rental property expenses on our consolidated statements of operations for the quarters ended March 31, June 30 and September 30, 2013 of $222,000, $571,000 and $933,000, respectively, to continuing operations. These rental property expenses were previously inappropriately recorded as a part of discontinued operations. The effect of this error had no impact on our net income or consolidated balance sheets or statements of cash flows. We assessed the materiality of this error on the consolidated financial statements in connection with previously-filed periodic reports in accordance with ASC 250 (SEC Staff Accounting Bulletin No. 99, Materiality) and have determined that these adjustments are not material to our consolidated financial statements for any of the affected quarterly periods. However, we determined that recording the cumulative error in the quarter ended December 31, 2013 would have been significant and accordingly, we will revise the quarters ended March 31, June 30 and September 30, 2013 in future Quarterly Reports on Form 10-Q the next time such financial statements are filed. For purposes of this Annual report on Form 10-K for the year ended December 31, 2013, we have revised the quarterly information presented below. Certain reclassifications have been made to the prior period amounts to conform to the current period presentation for properties sold during 2013 and 2012 and properties classified as held for sale as of December 31, 2013. | |||||||||||||||||
The following is a summary of the quarterly results of operations (as reported and as revised) for the years ended December 31, 2013 and 2012 (unaudited as to quarterly information) (in thousands, except per share amounts): | |||||||||||||||||
THREE MONTHS ENDED | |||||||||||||||||
YEAR ENDED DECEMBER 31, 2013(a) | MARCH 31 | JUNE 30, | SEPTEMBER 30, | DECEMBER 31, | |||||||||||||
(as reported) | (as reported) | (as reported) | |||||||||||||||
Revenues from rental properties | $ | 22,357 | $ | 23,232 | $ | 28,007 | $ | 25,470 | |||||||||
Earnings from continuing operations | 5,523 | 7,413 | 14,695 | 1,762 | |||||||||||||
Net earnings | 10,350 | 12,739 | 41,877 | 5,045 | |||||||||||||
Diluted earnings per common share: | |||||||||||||||||
Earnings from continuing operations | 0.16 | 0.22 | 0.44 | 0.05 | |||||||||||||
Net earnings | 0.31 | 0.38 | 1.25 | 0.15 | |||||||||||||
THREE MONTHS ENDED | |||||||||||||||||
YEAR ENDED DECEMBER 31, 2013(a) | MARCH 31 | JUNE 30, | SEPTEMBER 30, | DECEMBER 31, | |||||||||||||
(as revised) | (as revised) | (as revised) | |||||||||||||||
Revenues from rental properties | $ | 22,357 | $ | 23,232 | $ | 28,007 | $ | 25,470 | |||||||||
Earnings from continuing operations(b) | 5,301 | 6,842 | 13,762 | 1,762 | |||||||||||||
Net earnings | 10,350 | 12,739 | 41,877 | 5,045 | |||||||||||||
Diluted earnings per common share: | |||||||||||||||||
Earnings from continuing operations | 0.16 | 0.2 | 0.41 | 0.05 | |||||||||||||
Net earnings | 0.31 | 0.38 | 1.25 | 0.15 | |||||||||||||
YEAR ENDED DECEMBER 31, 2012(c) | MARCH 31, | JUNE 30, | SEPTEMBER 30, | DECEMBER 31, | |||||||||||||
Revenues from rental properties | $ | 25,487 | $ | 23,819 | $ | 21,172 | $ | 22,395 | |||||||||
Earnings from continuing operations | 5,004 | 1,785 | 2,717 | 4,007 | |||||||||||||
Net earnings (loss) | 6,485 | 3,626 | (3,465 | ) | 5,801 | ||||||||||||
Diluted earnings (loss) per common share: | |||||||||||||||||
Earnings from continuing operations | 0.16 | 0.07 | 0.05 | 0.13 | |||||||||||||
Net earnings (loss) | 0.19 | 0.11 | (.10 | ) | 0.17 | ||||||||||||
(a) | Includes for the respective periods the effect of: | ||||||||||||||||
• | Revenue (from the date of the acquisition) related to our $72,500,000 acquisition of 16 Mobil-branded gasoline station and convenience store properties in the metro New York region and 20 Exxon- and Shell-branded gasoline station and convenience store properties located within the Washington, D.C. “Beltway” in two sale/leaseback transactions with subsidiaries of Capitol Petroleum Group, LLC. | ||||||||||||||||
• | $3,126,000 of additional income, which was received as a result of the Lukoil Settlement. | ||||||||||||||||
• | A $20,854,000 net credit for bad debt expense primarily related to receiving funds from the Marketing Estate and the Litigation Funding Agreement. (See note 2 for additional information.) | ||||||||||||||||
• | Impairment charges of $13,425,000 recorded for the year ended December 31, 2013, of which $5,708,000 was recorded in the quarter ended December 31, 2013. (See note 1 for additional information.) | ||||||||||||||||
• | A non-cash allowance for deferred rent receivable of $4,775,000 for the year ended December 31, 2013. | ||||||||||||||||
(b) | Earnings from continuing operations are approximately $222,000, $571,000 and $933,000 lower than the amounts previously reported in our Form 10-Q for the quarterly periods ended March 31, June 30 and September 30, 2013, respectively, with corresponding increases to earnings from discontinued operations. | ||||||||||||||||
(c) | Includes for the respective periods the effect of: | ||||||||||||||||
• | An accounts receivable reserve of $13,980,000, related to Marketing, recorded in the year ended December 31, 2012, net of a partial reversal of $1,781,000 recorded in the quarter ended December 31, 2012. (See note 2 for additional information.) | ||||||||||||||||
• | Impairment charges of $13,942,000 recorded for the year ended December 31, 2012, of which $3,390,000 was recorded in the quarter ended December 31, 2012. (See note 1 for additional information.) |
PROPERTY_ACQUISITIONS
PROPERTY ACQUISITIONS | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||
PROPERTY ACQUISITIONS | ' | ||||||||||||
10. PROPERTY ACQUISITIONS | |||||||||||||
Capitol Sale/Leaseback | |||||||||||||
On May 9, 2013, we acquired 16 Mobil-branded gasoline station and convenience store properties in the metro New York region and 20 Exxon- and Shell-branded gasoline station and convenience store properties located within the Washington, D.C. “Beltway” for $72,500,000 in two sale/leaseback transactions with subsidiaries of Capitol Petroleum Group, LLC (“Capitol”). The two new triple-net unitary leases have an initial term of 15 years plus three renewal options with provisions for rent escalations during the initial and renewal terms. As triple-net lessees, our tenants are required to pay all expenses pertaining to the properties subject to the unitary leases, including environmental expenses, taxes, assessments, licenses and permit fees, charges for public utilities and all governmental charges. We utilized $11,500,000 of proceeds from 1031 exchanges, $57,500,000 of borrowings under our Credit Agreement and cash on hand to fund this acquisition. | |||||||||||||
We accounted for these transactions as business combinations. We estimated the fair value of acquired tangible assets (consisting of land, buildings and equipment) “as if vacant.” Based on these estimates, we allocated $62,365,000 of the purchase price to land, buildings and equipment, $6,267,000 to direct financing leases and $3,868,000 to in-place leases and other intangible assets. We incurred transaction costs of $480,000 directly related to the acquisition which are included in general and administrative expenses in our consolidated statements of operations. | |||||||||||||
In addition, in 2013, we acquired fee or leasehold title to three gasoline station and convenience store properties in separate transactions for an aggregate purchase price of $750,000. | |||||||||||||
In 2012, we acquired fee or leasehold title to five gasoline station and convenience store properties in separate transactions for an aggregate purchase price of $5,159,000. | |||||||||||||
CPD NY Sale/Leaseback | |||||||||||||
On January 13, 2011, we acquired fee or leasehold title to 59 Mobil-branded gasoline station and convenience store properties and also took a security interest in six other Mobil-branded gasoline station and convenience store properties in a sale/leaseback and loan transaction with CPD NY Energy Corp. (“CPD NY”), a subsidiary of Chestnut Petroleum Dist. Inc. Our total investment in the transaction was $111,621,000 including acquisition costs, which was financed entirely with borrowings under our revolving credit facility. | |||||||||||||
The properties were acquired or financed in a simultaneous transaction among ExxonMobil, CPD NY and us whereby CPD NY acquired a portfolio of 65 gasoline station and convenience stores from ExxonMobil and simultaneously completed a sale/leaseback of 59 of the acquired properties and leasehold interests with us. The lease between us, as lessor, and CPD NY, as lessee, governing the properties is a unitary triple-net lease agreement (the “CPD Lease”), with an initial term of 15 years, and options for up to three successive renewal terms of ten years each. The CPD Lease requires CPD NY to pay a fixed annual rent for the properties (the “Rent”), plus an amount equal to all rent due to third-party landlords pursuant to the terms of third-party leases. The Rent is scheduled to increase on the third anniversary of the date of the CPD Lease and on every third anniversary thereafter. As a triple-net lessee, CPD NY is required to pay all expenses pertaining to the properties subject to the CPD Lease, including environmental expenses, taxes, assessments, licenses and permit fees, charges for public utilities and all governmental charges. Partial funding to CPD NY for the transaction was also provided by us under a secured, self-amortizing loan having a 10-year term (the “CPD Loan”). | |||||||||||||
We accounted for this transaction as a business combination. We estimated the fair value of acquired tangible assets (consisting of land, buildings and equipment) “as if vacant” and intangible assets consisting of above-market and below-market leases. Based on these estimates, we allocated $60,610,000 of the purchase price to land, net above-market and below-market leases related to leasehold interests as lessee of $953,000 which is accounted for as a deferred asset, net above-market and below-market leases related to leasehold interests as lessor of $2,516,000 which is accounted for as a deferred liability, $38,752,000 allocated to direct financing leases and capital lease assets and $18,400,000 which is accounted for in notes and mortgages receivable. In connection with the acquisition of certain leasehold interests, we also recorded capital lease obligations aggregating $5,768,000. We also incurred transaction costs of $1,190,000 directly related to the acquisition which are included in general and administrative expenses on our consolidated statements of operations. | |||||||||||||
Nouria Sale/Leaseback | |||||||||||||
On March 31, 2011, we acquired fee or leasehold title to 66 Shell-branded gasoline station and convenience store properties in a sale/leaseback transaction with Nouria Energy Ventures I, LLC (“Nouria”), a subsidiary of Nouria Energy Group. Our total investment in the transaction was $87,047,000 including acquisition costs, which was financed entirely with borrowings under our revolving credit facility. | |||||||||||||
The properties were acquired in a simultaneous transaction among Motiva Enterprises LLC (“Shell”), Nouria and us whereby Nouria acquired a portfolio of 66 gasoline station and convenience stores from Shell and simultaneously completed a sale/leaseback of the 66 acquired properties and leasehold interests with us. The lease between us, as lessor, and Nouria, as lessee, governing the properties is a unitary triple-net lease agreement (the “Nouria Lease”), with an initial term of 20 years, and options for up to two successive renewal terms of ten years each followed by one final renewal term of five years. The Nouria Lease requires Nouria to pay a fixed annual rent for the properties (the “Rent”), plus an amount equal to all rent due to third-party landlords pursuant to the terms of third-party leases. The Rent is scheduled to increase on every annual anniversary of the date of the Nouria Lease. As a triple-net lessee, Nouria is required to pay all expenses pertaining to the properties subject to the Nouria Lease, including environmental expenses, taxes, assessments, licenses and permit fees, charges for public utilities and all governmental charges. | |||||||||||||
We accounted for this transaction as a business combination. We estimated the fair value of acquired tangible assets (consisting of land, buildings and equipment) “as if vacant” and intangible assets consisting of above-market and below-market leases. Based on these estimates, we allocated $37,875,000 of the purchase price to land, net above-market and below-market leases relating to leasehold interests as lessee of $3,895,000, which is accounted for as a deferred asset, net above-market and below-market leases related to leasehold interests as lessor of $3,768,000, which is accounted for as a deferred liability, $37,315,000 allocated to direct financing leases and capital lease assets and $12,000,000 which is accounted for in notes and mortgages receivable. In connection with the acquisition of certain leasehold interests, we also recorded capital lease obligations aggregating $1,114,000. We also incurred transaction costs of $844,000 directly related to the acquisition which are included in general and administrative expenses on our consolidated statements of operations. | |||||||||||||
Acquired Intangible Assets | |||||||||||||
Acquired above-market and below-market leases are included in prepaid expenses and other assets and had a balance of $3,784,000 and $4,304,000 (net of accumulated amortization of $2,727,000 and $2,209,000, respectively) at December 31, 2013 and 2012, respectively. Acquired above-market and below-market leases are included in accounts payable and accrued liabilities and had a balance of $8,685,000 and $9,666,000 (net of accumulated amortization of $8,940,000 and $7,788,000, respectively) at December 31, 2013 and 2012, respectively. Above-market and below-market leases are amortized and recorded as either an increase (in the case of below-market leases) or a decrease (in the case of above-market leases) to rental revenue over the remaining term of the associated lease in place at the time of purchase, when we are a lessor. In-place leases are included in prepaid expenses and other assets and had a balance of $5,169,000 and $1,694,000 (net of accumulated amortization of $2,290,000 and $1,882,000, respectively) at December 31, 2013 and 2012, respectively. Above-market and below-market leases are amortized and recorded as either an increase (in the case of above-market leases) or a decrease (in the case of below-market leases) to rental expense over the remaining term of the associated lease in place at the time of purchase, when we are a lessee. Rental income included amortization from acquired leases of $986,000, $1,113,000 and $1,215,000 for the years ended December 31, 2013, 2012 and 2011, respectively. Rent expense included amortization from acquired leases of $353,000, $529,000 and $533,000 for the years ended December 31, 2013, 2012 and 2011, respectively. The value associated with in-place leases and lease origination costs are amortized into depreciation and amortization expense over the remaining life of the lease. Depreciation and amortization expense included amortization from in-place leases of $408,000, $241,000 and $256,000 for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||
The amortization for acquired intangible assets during the next five years and thereafter, assuming no early lease terminations, is as follows: | |||||||||||||
Above-Market | Below-Market | In-Place | |||||||||||
As Lessor: | Leases | Leases | Leases | ||||||||||
Year ending December 31, | |||||||||||||
2014 | $ | 159,000 | $ | 1,114,000 | $ | 472,000 | |||||||
2015 | 155,000 | 1,056,000 | 450,000 | ||||||||||
2016 | 155,000 | 1,037,000 | 444,000 | ||||||||||
2017 | 142,000 | 973,000 | 430,000 | ||||||||||
2018 | 40,000 | 918,000 | 403,000 | ||||||||||
Thereafter | 50,000 | 3,587,000 | 2,970,000 | ||||||||||
$ | 701,000 | $ | 8,685,000 | $ | 5,169,000 | ||||||||
Below-Market | |||||||||||||
As Lessee: | Leases | ||||||||||||
Year ending December 31, | |||||||||||||
2014 | $ | 333,000 | |||||||||||
2015 | 333,000 | ||||||||||||
2016 | 333,000 | ||||||||||||
2017 | 320,000 | ||||||||||||
2018 | 317,000 | ||||||||||||
Thereafter | 1,447,000 | ||||||||||||
$ | 3,083,000 | ||||||||||||
Unaudited Pro Forma Condensed Consolidated Financial Information | |||||||||||||
The following unaudited pro forma condensed consolidated financial information for the years ended December 31, 2013, 2012 and 2011 has been prepared utilizing our historical consolidated financial statements and the combined effect of additional revenue and expenses from the properties acquired assuming that the acquisitions had occurred as of the beginning of the earliest period presented, after giving effect to certain adjustments including: (a) rental income adjustments resulting from the straight-lining of scheduled rent increases; (b) rental income adjustments resulting from the recognition of revenue under direct financing leases over the lease term using the effective interest rate method which produces a constant periodic rate of return on the net investment in the leased properties; (c) rental income adjustments resulting from the amortization of above-market leases with tenants; and (d) rent expense adjustments resulting from the amortization of below-market leases with landlords. The following information also gives effect to the additional interest expense resulting from the assumed increase in borrowings outstanding under the Credit Agreement to fund the acquisitions and the elimination of acquisition costs. The unaudited pro forma condensed financial information is not indicative of the results of operations that would have been achieved had the acquisitions herein been consummated on the dates indicated or that will be achieved in the future. | |||||||||||||
Year ended December 31, | |||||||||||||
(in thousands, except per share amounts): | 2013 | 2012 | 2011 | ||||||||||
Revenues | $ | 104,710 | $ | 102,086 | $ | 102,322 | |||||||
Net earnings | $ | 71,277 | $ | 15,792 | $ | 17,991 | |||||||
Basic and diluted net earnings per common share | $ | 2.11 | $ | 0.47 | $ | 0.54 |
SUPPLEMENTAL_CONDENSED_COMBINI
SUPPLEMENTAL CONDENSED COMBINING FINANCIAL INFORMATION | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Supplemental Condensed Combining Financial Information [Abstract] | ' | ||||||||||||||||
SUPPLEMENTAL CONDENSED COMBINING FINANCIAL INFORMATION | ' | ||||||||||||||||
11. SUPPLEMENTAL CONDENSED COMBINING FINANCIAL INFORMATION | |||||||||||||||||
Condensed combining financial information for the year ended December 31, 2011 has been derived from our books and records and is provided below to illustrate, for informational purposes only, the net contribution to our financial results that were realized from the Master Lease with Marketing and from properties leased to other tenants. As a result of the termination of the Master Lease on April 30, 2012, our financial results are no longer materially dependent on the performance of Marketing to meet its obligations to us under the Master Lease. | |||||||||||||||||
The condensed combining financial information set forth below presents the results of operations and cash flows related to Marketing and the Master Lease, our other tenants and our corporate functions necessary to arrive at the information for us on a combined basis. The assets, liabilities, lease agreements and other leasing operations attributable to the Master Lease and other tenant leases are not segregated in legal entities. However, we generally maintain our books and records in site specific detail and have classified the operating results which are clearly applicable to each owned or leased property as attributable to Marketing or our other tenants or to non-operating corporate functions. The condensed combining financial information has been prepared by us using certain assumptions, judgments and allocations. In our prior filings, each of our properties were classified as attributable to Marketing, other tenants or corporate for all periods presented based on the property’s use as of the latest balance sheet date included in such filing or the property’s use immediately prior to its disposition or third-party lease expiration. | |||||||||||||||||
As a result of the termination of the Master Lease on April 30, 2012, we have omitted the condensed combining financial information as of December 31, 2013 and 2012 and for the years ended December 31, 2013 and 2012 since our financial results are no longer materially dependent on the performance of Marketing to meet its obligations to us under the Master Lease. For the historical condensed combining financial information set forth below, each of the properties were classified based on the property’s use as of December 31, 2011. | |||||||||||||||||
Environmental remediation expenses have been attributed to Marketing or other tenants on a site specific basis and environmental related litigation expenses and professional fees have been attributed to Marketing or other tenants based on the pro rata share of specifically identifiable environmental expenses for the period from January 1, 2011 through December 31, 2011. | |||||||||||||||||
The heading “Corporate” in the statements below includes assets, liabilities, income and expenses attributed to general and administrative functions, financing activities and parent or subsidiary level income taxes, capital taxes or franchise taxes which were not incurred on behalf of our leasing operations and are not reasonably allocable to Marketing or other tenants. With respect to general and administrative expenses, we have attributed those expenses clearly applicable to Marketing and other tenants. We considered various methods of allocating to Marketing and other tenants amounts included under the heading “Corporate” and determined that none of the methods resulted in a reasonable allocation of such amounts or an allocation of such amounts that more clearly summarizes the net contribution to our financial results realized from the leasing operations of properties previously leased to Marketing and of properties leased to other tenants. Moreover, we determined that each of the allocation methods we considered resulted in a presentation of these amounts that would make it more difficult to understand the clearly identifiable results from our leasing operations attributable to Marketing and other tenants. We believe that the segregated presentation of assets, liabilities, income and expenses attributed to general and administrative functions, financing activities and parent or subsidiary level income taxes, capital taxes or franchise taxes provides the most meaningful presentation of these amounts since changes in these amounts are not fully correlated to changes in our leasing activities. | |||||||||||||||||
While we believe these assumptions, judgments and allocations are reasonable, the condensed combining financial information is not intended to reflect what the net results would have been had assets, liabilities, lease agreements and other operations attributable to Marketing or our other tenants been conducted through stand-alone entities during the period presented. | |||||||||||||||||
The condensed combining statement of operations of Getty Realty Corp. for the year ended December 31, 2011 is as follows (in thousands): | |||||||||||||||||
Getty | Other | Corporate | Consolidated | ||||||||||||||
Petroleum | Tenants | ||||||||||||||||
Marketing | |||||||||||||||||
Revenues from rental properties | $ | 42,953 | $ | 48,100 | $ | — | $ | 91,053 | |||||||||
Interest on notes and mortgages receivable | — | 2,489 | 169 | 2,658 | |||||||||||||
Total revenues | 42,953 | 50,589 | 169 | 93,711 | |||||||||||||
Operating expenses: | |||||||||||||||||
Rental property expenses | (7,602 | ) | (7,271 | ) | (641 | ) | (15,514 | ) | |||||||||
Impairment charges | (11,452 | ) | (1,263 | ) | — | (12,715 | ) | ||||||||||
Environmental expenses | (5,240 | ) | (122 | ) | — | (5,362 | ) | ||||||||||
General and administrative expenses | (7,815 | ) | (1,783 | ) | (11,383 | ) | (20,981 | ) | |||||||||
Allowance for deferred rent receivable | (16,529 | ) | — | — | (16,529 | ) | |||||||||||
Depreciation and amortization expense | (3,336 | ) | (5,231 | ) | (46 | ) | (8,613 | ) | |||||||||
Total operating expenses | (51,974 | ) | (15,670 | ) | (12,070 | ) | (79,714 | ) | |||||||||
Operating income (loss) | (9,021 | ) | 34,919 | (11,901 | ) | 13,997 | |||||||||||
Other income, net | 641 | (621 | ) | (4 | ) | 16 | |||||||||||
Interest expense | — | — | (5,125 | ) | (5,125 | ) | |||||||||||
Earnings (loss) from continuing operations | (8,380 | ) | 34,298 | (17,030 | ) | 8,888 | |||||||||||
Discontinued operations: | |||||||||||||||||
Income (loss) from operating activities | 2,874 | (254 | ) | — | 2,620 | ||||||||||||
Gains on dispositions of real estate | — | 948 | — | 948 | |||||||||||||
Earnings from discontinued operations | 2,874 | 694 | — | 3,568 | |||||||||||||
Net earnings (loss) | $ | (5,506 | ) | $ | 34,992 | $ | (17,030 | ) | $ | 12,456 | |||||||
The condensed combining statement of cash flows of Getty Realty Corp. for the year ended December 31, 2011 is as follows (in thousands): | |||||||||||||||||
Getty | Other | Corporate | Consolidated | ||||||||||||||
Petroleum | Tenants | ||||||||||||||||
Marketing | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||
Net earnings (loss) | $ | (5,506 | ) | $ | 34,992 | $ | (17,030 | ) | $ | 12,456 | |||||||
Adjustments to reconcile net earnings (loss) to net cash flow provided by operating activities: | |||||||||||||||||
Depreciation and amortization expense | 5,024 | 5,266 | 46 | 10,336 | |||||||||||||
Impairment charges | 18,676 | 1,550 | — | 20,226 | |||||||||||||
Gains on dispositions of real estate | (641 | ) | (327 | ) | — | (968 | ) | ||||||||||
Deferred rent receivable, net of allowance | 21,221 | (1,916 | ) | — | 19,305 | ||||||||||||
Allowance for accounts receivable | 8,802 | 319 | — | 9,121 | |||||||||||||
Amortization of above-market and below-market leases | — | (685 | ) | — | (685 | ) | |||||||||||
Amortization of credit agreement origination costs | — | — | 207 | 207 | |||||||||||||
Accretion expense | 879 | 20 | — | 899 | |||||||||||||
Stock-based employee compensation expense | — | — | 643 | 643 | |||||||||||||
Changes in assets and liabilities: | |||||||||||||||||
Accounts receivable, net | (14,851 | ) | (39 | ) | — | (14,890 | ) | ||||||||||
Prepaid expenses and other assets | — | (68 | ) | 219 | 151 | ||||||||||||
Environmental remediation obligations | (1,304 | ) | (677 | ) | — | (1,981 | ) | ||||||||||
Accounts payable and accrued liabilities | 3,040 | 692 | 2,203 | 5,935 | |||||||||||||
Net cash flow provided by (used in) operating activities | 35,340 | 39,127 | (13,712 | ) | 60,755 | ||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||||||||
Property acquisitions and capital expenditures | — | (99,902 | ) | (24 | ) | (99,926 | ) | ||||||||||
Investments in direct financing leases | — | (67,569 | ) | — | (67,569 | ) | |||||||||||
Proceeds from dispositions of real estate | 1,604 | 1,781 | (1,068 | ) | 2,317 | ||||||||||||
Change in cash held for property acquisitions | — | — | (750 | ) | (750 | ) | |||||||||||
Amortization of investment in direct financing leases | — | 505 | — | 505 | |||||||||||||
Issuance of notes, mortgages and other receivables | — | (30,400 | ) | — | (30,400 | ) | |||||||||||
Collection of notes and mortgages receivable | — | 2,415 | 264 | 2,679 | |||||||||||||
Net cash flow provided by (used in) investing activities | 1,604 | (193,170 | ) | (1,578 | ) | (193,144 | ) | ||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||
Borrowings under credit line | — | — | 247,253 | 247,253 | |||||||||||||
Repayments under credit line | — | — | (140,853 | ) | (140,853 | ) | |||||||||||
Repayments under term loan line | — | — | (780 | ) | (780 | ) | |||||||||||
Payments of capital lease obligations | — | (59 | ) | — | (59 | ) | |||||||||||
Payments of cash dividends | — | — | (63,436 | ) | (63,436 | ) | |||||||||||
Payments of loan origination costs | — | — | (175 | ) | (175 | ) | |||||||||||
Security deposits received | — | 29 | — | 29 | |||||||||||||
Net proceeds from issuance of common stock | — | — | 91,986 | 91,986 | |||||||||||||
Cash consolidation- Corporate | (36,944 | ) | 154,073 | (117,129 | ) | — | |||||||||||
Net cash flow (used in) provided by financing activities | (36,944 | ) | 154,043 | 16,866 | 133,965 | ||||||||||||
Net increase in cash and cash equivalents | — | — | 1,576 | 1,576 | |||||||||||||
Cash and cash equivalents at beginning of year | — | — | 6,122 | 6,122 | |||||||||||||
Cash and cash equivalents at end of year | $ | — | $ | — | $ | 7,698 | $ | 7,698 | |||||||||
SCHEDULE_II_VALUATION_and_QUAL
SCHEDULE II - VALUATION and QUALIFYING ACCOUNTS and RESERVES | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Valuation And Qualifying Accounts [Abstract] | ' | ||||||||||||||||
SCHEDULE II - VALUATION and QUALIFYING ACCOUNTS and RESERVES | ' | ||||||||||||||||
GETTY REALTY CORP. and SUBSIDIARIES | |||||||||||||||||
SCHEDULE II — VALUATION and QUALIFYING ACCOUNTS and RESERVES | |||||||||||||||||
for the years ended December 31, 2013, 2012 and 2011 | |||||||||||||||||
(in thousands) | |||||||||||||||||
BALANCE AT | ADDITIONS | DEDUCTIONS | BALANCE | ||||||||||||||
BEGINNING | AT END | ||||||||||||||||
OF YEAR | OF YEAR | ||||||||||||||||
December 31, 2013: | |||||||||||||||||
Allowance for deferred rent receivable | $ | — | $ | 4,775 | $ | — | $ | 4,775 | |||||||||
Allowance for accounts receivable | $ | 25,371 | $ | 4,027 | $ | 26,150 | $ | 3,248 | |||||||||
Allowance for deposits held in escrow | $ | — | $ | — | $ | — | $ | — | |||||||||
December 31, 2012: | |||||||||||||||||
Allowance for deferred rent receivable | $ | 25,630 | $ | — | $ | 25,630 | $ | — | |||||||||
Allowance for accounts receivable | $ | 9,480 | $ | 15,903 | $ | 12 | $ | 25,371 | |||||||||
Allowance for deposits held in escrow | $ | 377 | $ | — | $ | 377 | $ | — | |||||||||
December 31, 2011: | |||||||||||||||||
Allowance for deferred rent receivable | $ | 8,170 | $ | 17,460 | $ | — | $ | 25,630 | |||||||||
Allowance for accounts receivable | $ | 361 | $ | 9,121 | $ | 2 | $ | 9,480 | |||||||||
Allowance for deposits held in escrow | $ | 377 | $ | — | $ | — | $ | 377 |
SCHEDULE_III_REAL_ESTATE_AND_A
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION AND AMORTIZATION | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||||||
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION AND AMORTIZATION | ' | ||||||||||||||||||||||||||||||||
GETTY REALTY CORP. and SUBSIDIARIES | |||||||||||||||||||||||||||||||||
SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION AND AMORTIZATION | |||||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
The summarized changes in real estate assets and accumulated depreciation are as follows: | |||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||
Investment in real estate: | |||||||||||||||||||||||||||||||||
Balance at beginning of year | $ | 562,316 | $ | 615,854 | $ | 504,587 | |||||||||||||||||||||||||||
Acquisitions and capital expenditures | 76,016 | 10,976 | 151,090 | ||||||||||||||||||||||||||||||
Impairment | (23,238 | ) | (23,354 | ) | (35,246 | ) | |||||||||||||||||||||||||||
Sales and condemnations | (42,884 | ) | (40,381 | ) | (3,219 | ) | |||||||||||||||||||||||||||
Lease expirations/settlements | (1,935 | ) | (779 | ) | (1,358 | ) | |||||||||||||||||||||||||||
Balance at end of year | $ | 570,275 | $ | 562,316 | $ | 615,854 | |||||||||||||||||||||||||||
Accumulated depreciation and amortization: | |||||||||||||||||||||||||||||||||
Balance at beginning of year | $ | 116,768 | $ | 137,117 | $ | 144,217 | |||||||||||||||||||||||||||
Depreciation and amortization expense | 9,231 | 13,375 | 10,080 | ||||||||||||||||||||||||||||||
Impairment | (9,813 | ) | (9,412 | ) | (15,020 | ) | |||||||||||||||||||||||||||
Sales and condemnations | (11,474 | ) | (23,533 | ) | (802 | ) | |||||||||||||||||||||||||||
Lease expirations/settlements | (1,260 | ) | (779 | ) | (1,358 | ) | |||||||||||||||||||||||||||
Balance at end of year | $ | 103,452 | $ | 116,768 | $ | 137,117 | |||||||||||||||||||||||||||
The properties in the table below indicated by an asterisk (*), with an aggregate net book value of approximately $154,117,000 as of December 31, 2013, are encumbered by mortgages. As of December 31, 2012, these mortgages provided security for our prior credit agreement and our prior term loan agreement. As of February 25, 2013, these mortgages provide security for our $175,000,000 senior secured revolving credit agreement (the “Credit Agreement”) with a group of commercial banks led by JPMorgan Chase Bank, N.A. and our $100,000,000 senior secured term loan agreement with the Prudential Insurance Company of America (the “Prudential Loan Agreement”). The parties to the Credit Agreement and the Prudential Loan Agreement share the security pursuant to the terms of an inter-creditor agreement. For additional information, see note 4 in “Item 8. Financial Statements and Supplementary Data — Notes to Consolidated Financial Statements.” No other material mortgages, liens or encumbrances exist on our properties. | |||||||||||||||||||||||||||||||||
Initial Cost | Cost | Date of | |||||||||||||||||||||||||||||||
of Leasehold | Capitalized | Gross Amount at Which Carried | Initial | ||||||||||||||||||||||||||||||
or Acquisition | Subsequent | at Close of Period | Leasehold or | ||||||||||||||||||||||||||||||
Investment to | to Initial | Building and | Accumulated | Acquisition | |||||||||||||||||||||||||||||
Company (1) | Investment | Land | Improvements | Total | Depreciation | Investment (1) | |||||||||||||||||||||||||||
Brookland, AR | $ | 1,468 | $ | 0 | $ | 149 | $ | 1,319 | $ | 1,468 | $ | 339 | 2007 | ||||||||||||||||||||
Jonesboro, AR | 2,985 | 0 | 330 | 2,655 | 2,985 | 744 | 2007 | ||||||||||||||||||||||||||
Jonesboro, AR | 869 | 0 | 173 | 695 | 869 | 188 | 2007 | ||||||||||||||||||||||||||
Bellflower, CA | 1,370 | 0 | 910 | 459 | 1,370 | 166 | 2007 | ||||||||||||||||||||||||||
Benicia, CA | 2,223 | 0 | 1,058 | 1,166 | 2,223 | 441 | 2007 | ||||||||||||||||||||||||||
Coachella, CA | 2,235 | 0 | 1,217 | 1,018 | 2,235 | 359 | 2007 | ||||||||||||||||||||||||||
El Cajon, CA | 1,292 | 0 | 780 | 512 | 1,292 | 164 | 2007 | ||||||||||||||||||||||||||
Fillmore, CA | 1,354 | 0 | 950 | 404 | 1,354 | 146 | 2007 | ||||||||||||||||||||||||||
Hesperia, CA | 1,643 | 0 | 849 | 794 | 1,643 | 265 | 2007 | ||||||||||||||||||||||||||
La Palma, CA | 1,972 | 0 | 1,389 | 582 | 1,972 | 207 | 2007 | ||||||||||||||||||||||||||
Poway, CA | 1,439 | 0 | 0 | 1,439 | 1,439 | 442 | 2007 | ||||||||||||||||||||||||||
San Dimas, CA | 1,941 | 0 | 749 | 1,192 | 1,941 | 365 | 2007 | ||||||||||||||||||||||||||
Avon, CT | 731 | 107 | 403 | 434 | 837 | 189 | 2002 | ||||||||||||||||||||||||||
Bloomfield, CT | 141 | 98 | 90 | 149 | 239 | 113 | 1986 | ||||||||||||||||||||||||||
Bridgeport, CT | 350 | 56 | 228 | 178 | 406 | 134 | 1985 | ||||||||||||||||||||||||||
Bridgeport, CT | 313 | 51 | 204 | 160 | 364 | 90 | 1985 | ||||||||||||||||||||||||||
Bridgeport, CT | 313 | 24 | 204 | 134 | 338 | 94 | 1985 | ||||||||||||||||||||||||||
Bridgeport, CT | 378 | 114 | 246 | 246 | 492 | 173 | 1985 | ||||||||||||||||||||||||||
Bridgeport, CT | 338 | 22 | 220 | 141 | 361 | 98 | 1985 | ||||||||||||||||||||||||||
Bridgeport, CT | 346 | 12 | 230 | 128 | 358 | 128 | 1985 | ||||||||||||||||||||||||||
Bristol, CT | 109 | 113 | 44 | 178 | 222 | 152 | 1982 | ||||||||||||||||||||||||||
Bristol, CT | 360 | 0 | 0 | 360 | 360 | 330 | 2004 | ||||||||||||||||||||||||||
Bristol, CT | 1,594 | 0 | 1,036 | 558 | 1,594 | 205 | 2004 | ||||||||||||||||||||||||||
Bristol, CT | 254 | 0 | 150 | 104 | 254 | 38 | 2004 | ||||||||||||||||||||||||||
Bristol, CT | 365 | 0 | 237 | 128 | 365 | 47 | 2004 | ||||||||||||||||||||||||||
Brookfield, CT | 58 | 339 | 20 | 376 | 396 | 137 | 1985 | ||||||||||||||||||||||||||
Cheshire, CT | 490 | (69 | ) | 267 | 155 | 421 | 10 | 1985 | |||||||||||||||||||||||||
Cobalt, CT | 396 | 0 | 0 | 396 | 396 | 363 | 2004 | ||||||||||||||||||||||||||
Darien, CT | 667 | 333 | 434 | 566 | 1,000 | 233 | 1985 | ||||||||||||||||||||||||||
Durham, CT | 994 | 0 | 0 | 994 | 994 | 911 | 2004 | ||||||||||||||||||||||||||
East Hartford, CT | 208 | 70 | 84 | 194 | 278 | 188 | 1982 | ||||||||||||||||||||||||||
East Hartford, CT | 347 | 14 | 301 | 60 | 361 | 32 | 1991 | ||||||||||||||||||||||||||
Ellington, CT | 1,295 | 0 | 842 | 453 | 1,295 | 166 | 2004 | ||||||||||||||||||||||||||
Enfield, CT | 260 | 0 | 0 | 260 | 260 | 260 | 2004 | ||||||||||||||||||||||||||
Fairfield, CT | 430 | 10 | 280 | 160 | 440 | 106 | 1985 | ||||||||||||||||||||||||||
Farmington, CT | 466 | 0 | 303 | 163 | 466 | 60 | 2004 | ||||||||||||||||||||||||||
Franklin, CT | 51 | 174 | 20 | 204 | 224 | 200 | 1982 | ||||||||||||||||||||||||||
Hartford, CT | 665 | 0 | 432 | 233 | 665 | 85 | 2004 | ||||||||||||||||||||||||||
Hartford, CT | 571 | 0 | 371 | 200 | 571 | 73 | 2004 | ||||||||||||||||||||||||||
Hartford, CT | 233 | 33 | 152 | 114 | 266 | 84 | 1985 | ||||||||||||||||||||||||||
Manchester, CT | 66 | 214 | 65 | 215 | 280 | 166 | 1982 | ||||||||||||||||||||||||||
Meriden, CT | 208 | 63 | 84 | 187 | 271 | 166 | 1982 | ||||||||||||||||||||||||||
Meriden, CT | 1,532 | 0 | 989 | 543 | 1,532 | 204 | 2004 | ||||||||||||||||||||||||||
Middletown, CT | 1,039 | 0 | 675 | 364 | 1,039 | 133 | 2004 | ||||||||||||||||||||||||||
Middletown, CT | 133 | 308 | 131 | 310 | 441 | 122 | 1987 | ||||||||||||||||||||||||||
Milford, CT | 294 | 45 | 191 | 147 | 338 | 107 | 1985 | ||||||||||||||||||||||||||
New Britain, CT | 391 | 0 | 254 | 137 | 390 | 50 | 2004 | ||||||||||||||||||||||||||
New Haven, CT | 1,413 | (701 | ) | 569 | 143 | 712 | 7 | 1985 | |||||||||||||||||||||||||
New Haven, CT | 538 | 175 | 351 | 363 | 713 | 295 | 1985 | ||||||||||||||||||||||||||
New Haven, CT | 217 | 23 | 141 | 99 | 240 | 72 | 1985 | ||||||||||||||||||||||||||
New Milford, CT | 114 | 170 | 0 | 284 | 284 | 240 | 1982 | ||||||||||||||||||||||||||
Newington, CT | 954 | 0 | 620 | 334 | 954 | 122 | 2004 | ||||||||||||||||||||||||||
North Branford, CT | 130 | 181 | 83 | 228 | 311 | 103 | 1982 | ||||||||||||||||||||||||||
North Haven, CT | 405 | 0 | 252 | 153 | 405 | 67 | 2004 | ||||||||||||||||||||||||||
Norwalk, CT | 257 | 157 | 104 | 310 | 414 | 287 | 1982 | ||||||||||||||||||||||||||
Norwalk, CT | 511 | 60 | 332 | 238 | 570 | 155 | 1985 | ||||||||||||||||||||||||||
Norwalk, CT | 0 | 658 | 402 | 256 | 658 | 86 | 1988 | ||||||||||||||||||||||||||
Old Greenwich, CT | 0 | 945 | 620 | 325 | 945 | 94 | 1969 | ||||||||||||||||||||||||||
Plainville, CT | 545 | 0 | 354 | 191 | 545 | 70 | 2004 | ||||||||||||||||||||||||||
Plymouth, CT | 931 | 0 | 605 | 326 | 931 | 119 | 2004 | ||||||||||||||||||||||||||
Ridgefield, CT | 535 | 122 | 348 | 309 | 657 | 167 | 1985 | ||||||||||||||||||||||||||
Ridgefield, CT | 402 | 36 | 167 | 271 | 438 | 271 | 1985 | ||||||||||||||||||||||||||
Simsbury, CT | 318 | (59 | ) | 149 | 110 | 259 | 0 | 1985 | |||||||||||||||||||||||||
South Windham, CT | 644 | 1,398 | 598 | 1,444 | 2,042 | 375 | 2004 | ||||||||||||||||||||||||||
South Windsor, CT | 545 | 0 | 337 | 208 | 545 | 93 | 2004 | ||||||||||||||||||||||||||
Southington, CT | 116 | 171 | 71 | 216 | 286 | 207 | 1982 | ||||||||||||||||||||||||||
Stamford, CT | 507 | 16 | 330 | 193 | 523 | 129 | 1985 | ||||||||||||||||||||||||||
Stamford, CT | 603 | 58 | 393 | 268 | 661 | 178 | 1985 | ||||||||||||||||||||||||||
Stamford, CT | 507 | 103 | 330 | 280 | 609 | 163 | 1985 | ||||||||||||||||||||||||||
Stratford, CT | 285 | 15 | 186 | 114 | 300 | 78 | 1985 | ||||||||||||||||||||||||||
Suffield, CT | 237 | 603 | 201 | 639 | 840 | 413 | 2004 | ||||||||||||||||||||||||||
Terryville, CT | 182 | 173 | 74 | 281 | 355 | 218 | 1982 | ||||||||||||||||||||||||||
Vernon, CT | 1,434 | 0 | 0 | 1,434 | 1,434 | 1,315 | 2004 | ||||||||||||||||||||||||||
Wallingford, CT | 551 | 0 | 335 | 216 | 551 | 98 | 2004 | ||||||||||||||||||||||||||
Waterbury, CT | 107 | 192 | 44 | 256 | 300 | 121 | 1982 | ||||||||||||||||||||||||||
Waterbury, CT | 804 | 0 | 516 | 288 | 804 | 112 | 2004 | ||||||||||||||||||||||||||
Waterbury, CT | 515 | 0 | 335 | 180 | 515 | 66 | 2004 | ||||||||||||||||||||||||||
Waterbury, CT | 468 | 0 | 305 | 164 | 468 | 60 | 2004 | ||||||||||||||||||||||||||
Watertown, CT | 925 | 0 | 567 | 358 | 925 | 164 | 2004 | ||||||||||||||||||||||||||
Watertown, CT | 352 | 59 | 204 | 207 | 411 | 144 | 1992 | ||||||||||||||||||||||||||
West Haven, CT | 185 | 49 | 74 | 160 | 234 | 160 | 1982 | ||||||||||||||||||||||||||
West Haven, CT | 1,215 | 0 | 790 | 425 | 1,215 | 156 | 2004 | ||||||||||||||||||||||||||
Westbrook, CT | 345 | 0 | 0 | 345 | 345 | 316 | 2004 | ||||||||||||||||||||||||||
Westport, CT | 603 | 12 | 393 | 223 | 616 | 147 | 1985 | ||||||||||||||||||||||||||
Wethersfield, CT | 447 | 0 | 0 | 447 | 447 | 447 | 2004 | ||||||||||||||||||||||||||
Willimantic, CT | 717 | 0 | 466 | 251 | 717 | 92 | 2004 | ||||||||||||||||||||||||||
Wilton, CT | 519 | 75 | 338 | 257 | 594 | 187 | 1985 | ||||||||||||||||||||||||||
Windsor Locks, CT | 1,433 | 0 | 0 | 1,433 | 1,433 | 1,314 | 2004 | ||||||||||||||||||||||||||
Windsor Locks, CT | 1,030 | 0 | 670 | 361 | 1,030 | 132 | 2004 | ||||||||||||||||||||||||||
Cromwell, CT | 70 | 183 | 24 | 229 | 253 | 229 | 1982 | ||||||||||||||||||||||||||
Washington, DC | 940 | 0 | 664 | 277 | 940 | 11 | 2013 | ||||||||||||||||||||||||||
Washington, DC | 848 | 0 | 418 | 430 | 848 | 14 | 2013 | ||||||||||||||||||||||||||
Claymont, DE | 237 | 31 | 152 | 116 | 268 | 87 | 1985 | ||||||||||||||||||||||||||
Newark, DE | 406 | (110 | ) | 239 | 57 | 296 | 5 | 1985 | |||||||||||||||||||||||||
Wilmington, DE | 382 | 40 | 249 | 173 | 421 | 124 | 1985 | ||||||||||||||||||||||||||
Jacksonville, FL | 560 | 0 | 296 | 263 | 560 | 152 | 2000 | ||||||||||||||||||||||||||
Jacksonville, FL | 486 | 0 | 388 | 97 | 486 | 56 | 2000 | ||||||||||||||||||||||||||
Jacksonville, FL | 545 | 0 | 256 | 289 | 545 | 167 | 2000 | ||||||||||||||||||||||||||
Orlando, FL | 868 | 0 | 401 | 466 | 868 | 269 | 2000 | ||||||||||||||||||||||||||
Haleiwa, HI | * | 1,522 | 0 | 1,058 | 464 | 1,522 | 207 | 2007 | |||||||||||||||||||||||||
Honolulu, HI | * | 1,539 | 0 | 1,219 | 320 | 1,539 | 112 | 2007 | |||||||||||||||||||||||||
Honolulu, HI | * | 1,769 | 0 | 1,192 | 577 | 1,769 | 185 | 2007 | |||||||||||||||||||||||||
Honolulu, HI | * | 1,070 | 13 | 981 | 103 | 1,084 | 49 | 2007 | |||||||||||||||||||||||||
Honolulu, HI | * | 9,211 | 0 | 8,194 | 1,017 | 9,211 | 338 | 2007 | |||||||||||||||||||||||||
Kaneohe, HI | * | 1,978 | 20 | 1,473 | 524 | 1,998 | 183 | 2007 | |||||||||||||||||||||||||
Kaneohe, HI | * | 1,364 | 0 | 822 | 542 | 1,364 | 203 | 2007 | |||||||||||||||||||||||||
Waianae, HI | * | 1,997 | 0 | 871 | 1,126 | 1,997 | 364 | 2007 | |||||||||||||||||||||||||
Waianae, HI | * | 1,520 | 0 | 648 | 872 | 1,520 | 280 | 2007 | |||||||||||||||||||||||||
Waipahu, HI | * | 2,459 | 0 | 945 | 1,513 | 2,459 | 467 | 2007 | |||||||||||||||||||||||||
Arlington, MA | 518 | 27 | 338 | 208 | 545 | 142 | 1985 | ||||||||||||||||||||||||||
Ashland, MA | 607 | 6 | 395 | 218 | 613 | 141 | 1985 | ||||||||||||||||||||||||||
Auburn, MA | * | 600 | 0 | 600 | 0 | 600 | 0 | 2011 | |||||||||||||||||||||||||
Auburn, MA | * | 625 | 0 | 625 | 0 | 625 | 0 | 2011 | |||||||||||||||||||||||||
Auburn, MA | * | 725 | 0 | 725 | 0 | 725 | 0 | 2011 | |||||||||||||||||||||||||
Auburn, MA | 800 | 0 | 0 | 800 | 800 | 197 | 2011 | ||||||||||||||||||||||||||
Auburn, MA | 175 | 79 | 125 | 129 | 254 | 84 | 1986 | ||||||||||||||||||||||||||
Auburn, MA | 369 | 137 | 240 | 266 | 506 | 110 | 1991 | ||||||||||||||||||||||||||
Barre, MA | 536 | 10 | 348 | 198 | 546 | 87 | 1991 | ||||||||||||||||||||||||||
Bedford, MA | * | 1,350 | 0 | 1,350 | 0 | 1,350 | 0 | 2011 | |||||||||||||||||||||||||
Bellingham, MA | 734 | 73 | 476 | 331 | 807 | 238 | 1985 | ||||||||||||||||||||||||||
Belmont, MA | 301 | 134 | 144 | 292 | 436 | 16 | 1985 | ||||||||||||||||||||||||||
Belmont, MA | 390 | 29 | 254 | 165 | 419 | 115 | 1985 | ||||||||||||||||||||||||||
Billerica, MA | 400 | 158 | 250 | 308 | 558 | 269 | 1986 | ||||||||||||||||||||||||||
Bradford, MA | * | 650 | 0 | 650 | 0 | 650 | 0 | 2011 | |||||||||||||||||||||||||
Bridgewater, MA | 190 | 37 | 140 | 87 | 227 | 87 | 1987 | ||||||||||||||||||||||||||
Burlington, MA | * | 600 | 0 | 600 | 0 | 600 | 0 | 2011 | |||||||||||||||||||||||||
Burlington, MA | * | 1,250 | 0 | 1,250 | 0 | 1,250 | 0 | 2011 | |||||||||||||||||||||||||
Chatham, MA | 275 | (8 | ) | 150 | 117 | 267 | 116 | 1986 | |||||||||||||||||||||||||
Chelmsford, MA | 715 | 0 | 0 | 715 | 715 | 90 | 2012 | ||||||||||||||||||||||||||
Clinton, MA | 587 | 48 | 382 | 253 | 635 | 178 | 1985 | ||||||||||||||||||||||||||
Clinton, MA | 386 | (117 | ) | 153 | 116 | 269 | 0 | 1985 | |||||||||||||||||||||||||
Clinton, MA | 178 | 48 | 116 | 110 | 226 | 46 | 1992 | ||||||||||||||||||||||||||
Danvers, MA | * | 400 | 0 | 400 | 0 | 400 | 0 | 2011 | |||||||||||||||||||||||||
Dedham, MA | 226 | 18 | 126 | 118 | 244 | 118 | 1987 | ||||||||||||||||||||||||||
Dracut, MA | * | 450 | 0 | 450 | 0 | 450 | 0 | 2011 | |||||||||||||||||||||||||
Everett, MA | 270 | 191 | 270 | 191 | 460 | 139 | 1985 | ||||||||||||||||||||||||||
Fall River, MA | 343 | (104 | ) | 239 | 0 | 239 | 0 | 1985 | |||||||||||||||||||||||||
Falmouth, MA | 519 | 44 | 458 | 105 | 563 | 105 | 1988 | ||||||||||||||||||||||||||
Fitchburg, MA | 247 | 40 | 203 | 84 | 287 | 54 | 1991 | ||||||||||||||||||||||||||
Fitchburg, MA | 390 | 33 | 254 | 169 | 423 | 91 | 1992 | ||||||||||||||||||||||||||
Fitchburg, MA | 142 | 218 | 93 | 268 | 361 | 203 | 1992 | ||||||||||||||||||||||||||
Foxborough, MA | 427 | 17 | 325 | 118 | 443 | 118 | 1990 | ||||||||||||||||||||||||||
Framingham, MA | 400 | 23 | 260 | 163 | 423 | 82 | 1991 | ||||||||||||||||||||||||||
Franklin, MA | 0 | 271 | 165 | 106 | 271 | 55 | 1988 | ||||||||||||||||||||||||||
Gardner, MA | * | 550 | 0 | 550 | 0 | 550 | 0 | 2011 | |||||||||||||||||||||||||
Gardner, MA | 1,008 | 225 | 657 | 576 | 1,233 | 301 | 1985 | ||||||||||||||||||||||||||
Hanover, MA | 241 | 0 | 115 | 126 | 241 | 8 | 2013 | ||||||||||||||||||||||||||
Harwich, MA | 225 | 6 | 150 | 81 | 231 | 81 | 1986 | ||||||||||||||||||||||||||
Harwichport, MA | 383 | 18 | 249 | 152 | 401 | 76 | 1991 | ||||||||||||||||||||||||||
Hingham, MA | 353 | 25 | 243 | 135 | 378 | 133 | 1989 | ||||||||||||||||||||||||||
Hyannis, MA | 651 | (339 | ) | 261 | 51 | 312 | 0 | 1985 | |||||||||||||||||||||||||
Hyannis, MA | 222 | 7 | 145 | 85 | 230 | 41 | 1991 | ||||||||||||||||||||||||||
Hyde Park, MA | 499 | 44 | 322 | 221 | 543 | 143 | 1985 | ||||||||||||||||||||||||||
Leominster, MA | * | 571 | 0 | 199 | 372 | 571 | 26 | 2012 | |||||||||||||||||||||||||
Lowell, MA | 361 | 84 | 201 | 244 | 445 | 244 | 1985 | ||||||||||||||||||||||||||
Lowell, MA | 375 | 9 | 250 | 134 | 384 | 134 | 1986 | ||||||||||||||||||||||||||
Lynn, MA | * | 850 | 0 | 850 | 0 | 850 | 0 | 2011 | |||||||||||||||||||||||||
Lynn, MA | * | 400 | 0 | 400 | 0 | 400 | 0 | 2011 | |||||||||||||||||||||||||
Marlborough, MA | * | 550 | 0 | 550 | 0 | 550 | 0 | 2011 | |||||||||||||||||||||||||
Maynard, MA | 735 | 7 | 479 | 263 | 742 | 170 | 1985 | ||||||||||||||||||||||||||
Melrose, MA | * | 600 | 0 | 600 | 0 | 600 | 0 | 2011 | |||||||||||||||||||||||||
Methuen, MA | * | 650 | 0 | 650 | 0 | 650 | 0 | 2011 | |||||||||||||||||||||||||
Methuen, MA | 380 | 64 | 246 | 198 | 444 | 150 | 1985 | ||||||||||||||||||||||||||
Methuen, MA | 490 | 16 | 319 | 187 | 506 | 125 | 1985 | ||||||||||||||||||||||||||
Methuen, MA | 300 | 51 | 150 | 201 | 351 | 201 | 1986 | ||||||||||||||||||||||||||
New Bedford, MA | 522 | (203 | ) | 268 | 52 | 320 | 0 | 1985 | |||||||||||||||||||||||||
New Bedford, MA | 482 | 96 | 293 | 285 | 578 | 228 | 1985 | ||||||||||||||||||||||||||
Newton, MA | 691 | 26 | 450 | 267 | 717 | 180 | 1985 | ||||||||||||||||||||||||||
North Andover, MA | 394 | 33 | 256 | 170 | 426 | 120 | 1985 | ||||||||||||||||||||||||||
North Attleboro, MA | 663 | (343 | ) | 268 | 52 | 320 | 0 | 1985 | |||||||||||||||||||||||||
North Grafton, MA | 245 | 35 | 159 | 121 | 280 | 72 | 1991 | ||||||||||||||||||||||||||
Northborough, MA | 405 | 12 | 263 | 154 | 417 | 73 | 1993 | ||||||||||||||||||||||||||
Orleans, MA | 260 | 75 | 140 | 195 | 335 | 98 | 1986 | ||||||||||||||||||||||||||
Oxford, MA | 294 | 9 | 191 | 112 | 303 | 53 | 1993 | ||||||||||||||||||||||||||
Peabody, MA | * | 650 | 0 | 650 | 0 | 650 | 0 | 2011 | |||||||||||||||||||||||||
Peabody, MA | * | 550 | 0 | 550 | 0 | 550 | 0 | 2011 | |||||||||||||||||||||||||
Peabody, MA | 400 | 41 | 275 | 166 | 441 | 166 | 1986 | ||||||||||||||||||||||||||
Pittsfield, MA | 123 | 118 | 50 | 191 | 241 | 191 | 1982 | ||||||||||||||||||||||||||
Quincy, MA | 200 | 180 | 125 | 255 | 380 | 108 | 1986 | ||||||||||||||||||||||||||
Randolph, MA | 574 | 123 | 430 | 266 | 696 | 179 | 1985 | ||||||||||||||||||||||||||
Revere, MA | * | 1,300 | 0 | 1,300 | 0 | 1,300 | 0 | 2011 | |||||||||||||||||||||||||
Rockland, MA | 579 | 45 | 377 | 247 | 624 | 174 | 1985 | ||||||||||||||||||||||||||
Salem, MA | * | 600 | 0 | 600 | 0 | 600 | 0 | 2011 | |||||||||||||||||||||||||
Salem, MA | 275 | 24 | 175 | 124 | 299 | 124 | 1986 | ||||||||||||||||||||||||||
Seekonk, MA | 1,073 | (434 | ) | 535 | 104 | 639 | 0 | 1985 | |||||||||||||||||||||||||
Shrewsbury, MA | * | 450 | 0 | 450 | 0 | 450 | 0 | 2011 | |||||||||||||||||||||||||
Shrewsbury, MA | * | 400 | 0 | 400 | 0 | 400 | 0 | 2011 | |||||||||||||||||||||||||
South Hadley, MA | 232 | 39 | 90 | 181 | 271 | 181 | 1982 | ||||||||||||||||||||||||||
South Yarmouth, MA | 276 | 46 | 179 | 143 | 322 | 87 | 1991 | ||||||||||||||||||||||||||
Sterling, MA | 476 | 2 | 309 | 169 | 479 | 74 | 1991 | ||||||||||||||||||||||||||
Stoughton, MA | 775 | (493 | ) | 237 | 45 | 282 | 0 | 1985 | |||||||||||||||||||||||||
Sutton, MA | 714 | 127 | 464 | 377 | 841 | 146 | 1993 | ||||||||||||||||||||||||||
Tewksbury, MA | * | 1,200 | 0 | 1,200 | 0 | 1,200 | 0 | 2011 | |||||||||||||||||||||||||
Upton, MA | 429 | 25 | 279 | 175 | 453 | 89 | 1991 | ||||||||||||||||||||||||||
Wakefield, MA | * | 900 | 0 | 900 | 0 | 900 | 0 | 2011 | |||||||||||||||||||||||||
Walpole, MA | 450 | 11 | 293 | 168 | 461 | 111 | 1985 | ||||||||||||||||||||||||||
Watertown, MA | 358 | 118 | 321 | 154 | 475 | 109 | 1985 | ||||||||||||||||||||||||||
Webster, MA | 1,012 | 238 | 659 | 591 | 1,250 | 302 | 1985 | ||||||||||||||||||||||||||
West Boylston, MA | 312 | 29 | 203 | 138 | 341 | 75 | 1991 | ||||||||||||||||||||||||||
West Roxbury, MA | 490 | 71 | 319 | 242 | 561 | 138 | 1985 | ||||||||||||||||||||||||||
Westborough, MA | * | 450 | 0 | 450 | 0 | 450 | 0 | 2011 | |||||||||||||||||||||||||
Westborough, MA | 312 | 21 | 203 | 130 | 333 | 68 | 1991 | ||||||||||||||||||||||||||
Westfield, MA | 123 | 161 | 50 | 234 | 284 | 176 | 1982 | ||||||||||||||||||||||||||
Westford, MA | 275 | 51 | 175 | 151 | 326 | 129 | 1986 | ||||||||||||||||||||||||||
Wilmington, MA | * | 1,300 | 0 | 1,300 | 0 | 1,300 | 0 | 2011 | |||||||||||||||||||||||||
Wilmington, MA | * | 600 | 0 | 600 | 0 | 600 | 0 | 2011 | |||||||||||||||||||||||||
Woburn, MA | 508 | 304 | 508 | 304 | 811 | 195 | 1985 | ||||||||||||||||||||||||||
Woburn, MA | 350 | 46 | 200 | 196 | 396 | 196 | 1986 | ||||||||||||||||||||||||||
Worcester, MA | * | 400 | 0 | 400 | 0 | 400 | 0 | 2011 | |||||||||||||||||||||||||
Worcester, MA | * | 300 | 0 | 300 | 0 | 300 | 0 | 2011 | |||||||||||||||||||||||||
Worcester, MA | * | 550 | 0 | 550 | 0 | 550 | 0 | 2011 | |||||||||||||||||||||||||
Worcester, MA | * | 500 | 0 | 500 | 0 | 500 | 0 | 2011 | |||||||||||||||||||||||||
Worcester, MA | 498 | 138 | 322 | 313 | 635 | 190 | 1985 | ||||||||||||||||||||||||||
Worcester, MA | 386 | (96 | ) | 226 | 63 | 290 | 0 | 1985 | |||||||||||||||||||||||||
Worcester, MA | 276 | 9 | 179 | 105 | 285 | 50 | 1992 | ||||||||||||||||||||||||||
Worcester, MA | 168 | 103 | 168 | 103 | 271 | 51 | 1991 | ||||||||||||||||||||||||||
Worcester, MA | 343 | (68 | ) | 210 | 65 | 274 | 0 | 1991 | |||||||||||||||||||||||||
Worcester, MA | 231 | 13 | 150 | 94 | 244 | 47 | 1991 | ||||||||||||||||||||||||||
Worcester, MA | 276 | 17 | 179 | 114 | 293 | 58 | 1991 | ||||||||||||||||||||||||||
Worcester, MA | 547 | 10 | 356 | 202 | 557 | 92 | 1991 | ||||||||||||||||||||||||||
Worcester, MA | 979 | 8 | 636 | 350 | 987 | 154 | 1991 | ||||||||||||||||||||||||||
Worcester, MA | 285 | 44 | 185 | 144 | 329 | 87 | 1991 | ||||||||||||||||||||||||||
Worcester, MA | 271 | 16 | 176 | 111 | 288 | 57 | 1991 | ||||||||||||||||||||||||||
Yarmouthport, MA | 300 | 25 | 150 | 175 | 325 | 175 | 1986 | ||||||||||||||||||||||||||
Accokeek, MD | * | 692 | 0 | 692 | 0 | 692 | 0 | 2010 | |||||||||||||||||||||||||
Baltimore, MD | 429 | 163 | 309 | 283 | 592 | 236 | 1985 | ||||||||||||||||||||||||||
Baltimore, MD | 2,259 | 0 | 722 | 1,537 | 2,259 | 484 | 2007 | ||||||||||||||||||||||||||
Baltimore, MD | 802 | 0 | 0 | 802 | 802 | 271 | 2007 | ||||||||||||||||||||||||||
Beltsville, MD | * | 1,130 | 0 | 1,130 | 0 | 1,130 | 0 | 2009 | |||||||||||||||||||||||||
Beltsville, MD | * | 731 | 0 | 731 | 0 | 731 | 0 | 2009 | |||||||||||||||||||||||||
Beltsville, MD | * | 525 | 0 | 525 | 0 | 525 | 0 | 2009 | |||||||||||||||||||||||||
Beltsville, MD | * | 1,050 | 0 | 1,050 | 0 | 1,050 | 0 | 2009 | |||||||||||||||||||||||||
Bladensburg, MD | * | 571 | 0 | 571 | 0 | 571 | 0 | 2009 | |||||||||||||||||||||||||
Bowie, MD | * | 1,084 | 0 | 1,084 | 0 | 1,084 | 0 | 2009 | |||||||||||||||||||||||||
Capitol Heights, MD | * | 628 | 0 | 628 | 0 | 628 | 0 | 2009 | |||||||||||||||||||||||||
Clinton, MD | * | 651 | 0 | 651 | 0 | 651 | 0 | 2009 | |||||||||||||||||||||||||
College Park, MD | * | 536 | 0 | 536 | 0 | 536 | 0 | 2009 | |||||||||||||||||||||||||
College Park, MD | * | 445 | 0 | 445 | 0 | 445 | 0 | 2009 | |||||||||||||||||||||||||
District Heights, MD | * | 479 | 0 | 479 | 0 | 479 | 0 | 2009 | |||||||||||||||||||||||||
District Heights, MD | * | 388 | 0 | 388 | 0 | 388 | 0 | 2009 | |||||||||||||||||||||||||
Ellicott City, MD | 895 | 0 | 0 | 895 | 895 | 318 | 2007 | ||||||||||||||||||||||||||
Emmitsburg, MD | 147 | 109 | 102 | 154 | 256 | 127 | 1986 | ||||||||||||||||||||||||||
Forestville, MD | * | 1,039 | 0 | 1,039 | 0 | 1,039 | 0 | 2009 | |||||||||||||||||||||||||
Fort Washington, MD | * | 422 | 0 | 422 | 0 | 422 | 0 | 2009 | |||||||||||||||||||||||||
Greenbelt, MD | * | 1,153 | 0 | 1,153 | 0 | 1,153 | 0 | 2009 | |||||||||||||||||||||||||
Hyattsville, MD | * | 491 | 0 | 491 | 0 | 491 | 0 | 2009 | |||||||||||||||||||||||||
Hyattsville, MD | * | 594 | 0 | 594 | 0 | 594 | 0 | 2009 | |||||||||||||||||||||||||
Landover Hills, MD | * | 1,358 | 0 | 1,358 | 0 | 1,358 | 0 | 2009 | |||||||||||||||||||||||||
Landover Hills, MD | * | 457 | 0 | 457 | 0 | 457 | 0 | 2009 | |||||||||||||||||||||||||
Landover, MD | * | 753 | 0 | 753 | 0 | 753 | 0 | 2009 | |||||||||||||||||||||||||
Landover, MD | * | 662 | 0 | 662 | 0 | 662 | 0 | 2009 | |||||||||||||||||||||||||
Lanham, MD | * | 822 | 0 | 822 | 0 | 822 | 0 | 2009 | |||||||||||||||||||||||||
Laurel, MD | * | 2,523 | 0 | 2,523 | 0 | 2,523 | 0 | 2009 | |||||||||||||||||||||||||
Laurel, MD | * | 1,415 | 0 | 1,415 | 0 | 1,415 | 0 | 2009 | |||||||||||||||||||||||||
Laurel, MD | * | 1,530 | 0 | 1,530 | 0 | 1,530 | 0 | 2009 | |||||||||||||||||||||||||
Laurel, MD | * | 1,267 | 0 | 1,267 | 0 | 1,267 | 0 | 2009 | |||||||||||||||||||||||||
Laurel, MD | * | 1,210 | 0 | 1,210 | 0 | 1,210 | 0 | 2009 | |||||||||||||||||||||||||
Laurel, MD | * | 696 | 0 | 696 | 0 | 696 | 0 | 2009 | |||||||||||||||||||||||||
Oxon Hill, MD | * | 1,256 | 0 | 1,256 | 0 | 1,256 | 0 | 2009 | |||||||||||||||||||||||||
Riverdale, MD | * | 788 | 0 | 788 | 0 | 788 | 0 | 2009 | |||||||||||||||||||||||||
Riverdale, MD | * | 582 | 0 | 582 | 0 | 582 | 0 | 2009 | |||||||||||||||||||||||||
Seat Pleasant, MD | * | 468 | 0 | 468 | 0 | 468 | 0 | 2009 | |||||||||||||||||||||||||
Suitland, MD | * | 377 | 0 | 377 | 0 | 377 | 0 | 2009 | |||||||||||||||||||||||||
Suitland, MD | * | 673 | 0 | 673 | 0 | 673 | 0 | 2009 | |||||||||||||||||||||||||
Temple Hills, MD | * | 331 | 0 | 331 | 0 | 331 | 0 | 2009 | |||||||||||||||||||||||||
Upper Marlboro, MD | * | 845 | 0 | 845 | 0 | 845 | 0 | 2009 | |||||||||||||||||||||||||
Augusta, ME | 449 | (114 | ) | 202 | 133 | 335 | 13 | 1991 | |||||||||||||||||||||||||
Biddeford, ME | 618 | 8 | 235 | 391 | 626 | 391 | 1985 | ||||||||||||||||||||||||||
Lewiston, ME | 342 | 90 | 222 | 209 | 431 | 166 | 1985 | ||||||||||||||||||||||||||
Lewiston, ME | 180 | 50 | 94 | 137 | 231 | 137 | 1986 | ||||||||||||||||||||||||||
South Portland, ME | 181 | 88 | 111 | 158 | 269 | 156 | 1986 | ||||||||||||||||||||||||||
Kernersville, NC | 449 | 0 | 338 | 111 | 449 | 70 | 2007 | ||||||||||||||||||||||||||
Madison, NC | 395 | 0 | 46 | 350 | 395 | 128 | 2007 | ||||||||||||||||||||||||||
New Bern, NC | 350 | 83 | 190 | 243 | 433 | 84 | 2007 | ||||||||||||||||||||||||||
Belfield, ND | 1,232 | 0 | 382 | 850 | 1,232 | 499 | 2007 | ||||||||||||||||||||||||||
Allenstown, NH | 1,787 | 0 | 467 | 1,320 | 1,787 | 462 | 2007 | ||||||||||||||||||||||||||
Bedford, NH | 2,301 | 0 | 1,271 | 1,030 | 2,301 | 397 | 2007 | ||||||||||||||||||||||||||
Candia, NH | 130 | 206 | 80 | 256 | 336 | 239 | 1986 | ||||||||||||||||||||||||||
Concord, NH | * | 675 | 0 | 675 | 0 | 675 | 0 | 2011 | |||||||||||||||||||||||||
Concord, NH | * | 900 | 0 | 900 | 0 | 900 | 0 | 2011 | |||||||||||||||||||||||||
Derry, NH | * | 950 | 0 | 950 | 0 | 950 | 0 | 2011 | |||||||||||||||||||||||||
Derry, NH | 418 | 15 | 158 | 275 | 433 | 275 | 1987 | ||||||||||||||||||||||||||
Dover, NH | * | 1,200 | 0 | 1,200 | 0 | 1,200 | 0 | 2011 | |||||||||||||||||||||||||
Dover, NH | * | 650 | 0 | 650 | 0 | 650 | 0 | 2011 | |||||||||||||||||||||||||
Dover, NH | * | 300 | 0 | 300 | 0 | 300 | 0 | 2011 | |||||||||||||||||||||||||
Epping, NH | 170 | 77 | 120 | 127 | 247 | 127 | 1986 | ||||||||||||||||||||||||||
Epsom, NH | 220 | 44 | 155 | 109 | 264 | 107 | 1986 | ||||||||||||||||||||||||||
Exeter, NH | 113 | 274 | 65 | 322 | 387 | 147 | 1986 | ||||||||||||||||||||||||||
Goffstown, NH | * | 1,737 | 0 | 697 | 1,040 | 1,737 | 131 | 2012 | |||||||||||||||||||||||||
Hooksett, NH | 1,562 | 0 | 824 | 738 | 1,562 | 447 | 2007 | ||||||||||||||||||||||||||
Hooksett, NH | 336 | 0 | 0 | 336 | 336 | 90 | 2011 | ||||||||||||||||||||||||||
Kingston, NH | * | 1,500 | 0 | 1,500 | 0 | 1,500 | 0 | 2011 | |||||||||||||||||||||||||
Londonderry, NH | 703 | 30 | 458 | 275 | 733 | 186 | 1985 | ||||||||||||||||||||||||||
Londonderry, NH | * | 1,100 | 0 | 1,100 | 0 | 1,100 | 0 | 2011 | |||||||||||||||||||||||||
Manchester, NH | * | 550 | 0 | 550 | 0 | 550 | 0 | 2011 | |||||||||||||||||||||||||
Milford, NH | 190 | 42 | 115 | 117 | 232 | 117 | 1986 | ||||||||||||||||||||||||||
Nashua, NH | 197 | 29 | 156 | 71 | 227 | 71 | 1986 | ||||||||||||||||||||||||||
Nashua, NH | * | 825 | 0 | 825 | 0 | 825 | 0 | 2011 | |||||||||||||||||||||||||
Nashua, NH | * | 750 | 0 | 750 | 0 | 750 | 0 | 2011 | |||||||||||||||||||||||||
Nashua, NH | * | 1,750 | 0 | 1,750 | 0 | 1,750 | 0 | 2011 | |||||||||||||||||||||||||
Nashua, NH | * | 500 | 0 | 500 | 0 | 500 | 0 | 2011 | |||||||||||||||||||||||||
Nashua, NH | * | 550 | 0 | 550 | 0 | 550 | 0 | 2011 | |||||||||||||||||||||||||
Northwood, NH | * | 500 | 0 | 500 | 0 | 500 | 0 | 2011 | |||||||||||||||||||||||||
Plaistow, NH | 300 | 98 | 245 | 154 | 398 | 154 | 1987 | ||||||||||||||||||||||||||
Portsmouth, NH | 225 | 9 | 125 | 109 | 234 | 109 | 1986 | ||||||||||||||||||||||||||
Portsmouth, NH | * | 525 | 0 | 525 | 0 | 525 | 0 | 2011 | |||||||||||||||||||||||||
Raymond, NH | * | 550 | 0 | 550 | 0 | 550 | 0 | 2011 | |||||||||||||||||||||||||
Rochester, NH | 939 | 12 | 600 | 351 | 951 | 228 | 1985 | ||||||||||||||||||||||||||
Rochester, NH | * | 1,400 | 0 | 1,400 | 0 | 1,400 | 0 | 2011 | |||||||||||||||||||||||||
Rochester, NH | * | 1,600 | 0 | 1,600 | 0 | 1,600 | 0 | 2011 | |||||||||||||||||||||||||
Rochester, NH | * | 700 | 0 | 700 | 0 | 700 | 0 | 2011 | |||||||||||||||||||||||||
Salem, NH | 743 | 19 | 484 | 278 | 762 | 184 | 1985 | ||||||||||||||||||||||||||
Salem, NH | 450 | 47 | 350 | 147 | 497 | 147 | 1986 | ||||||||||||||||||||||||||
Somersworth, NH | 211 | 15 | 158 | 68 | 226 | 68 | 1986 | ||||||||||||||||||||||||||
Basking Ridge, NJ | 362 | 66 | 200 | 228 | 428 | 147 | 1986 | ||||||||||||||||||||||||||
Belleville, NJ | 398 | (84 | ) | 259 | 55 | 314 | 0 | 1985 | |||||||||||||||||||||||||
Belleville, NJ | 215 | 46 | 149 | 112 | 261 | 105 | 1986 | ||||||||||||||||||||||||||
Belmar, NJ | 566 | 89 | 411 | 245 | 656 | 164 | 1985 | ||||||||||||||||||||||||||
Bergenfield, NJ | 382 | 29 | 300 | 111 | 411 | 108 | 1990 | ||||||||||||||||||||||||||
Bloomfield, NJ | 442 | 69 | 288 | 223 | 511 | 155 | 1985 | ||||||||||||||||||||||||||
Brick, NJ | 1,508 | 0 | 1,000 | 508 | 1,508 | 338 | 2000 | ||||||||||||||||||||||||||
Cherry Hill, NJ | 358 | 83 | 233 | 208 | 441 | 108 | 1985 | ||||||||||||||||||||||||||
Cherry Hill, NJ | 272 | 0 | 202 | 71 | 272 | 3 | 2013 | ||||||||||||||||||||||||||
Colonia, NJ | 720 | (263 | ) | 177 | 280 | 457 | 251 | 1985 | |||||||||||||||||||||||||
Cranbury, NJ | 607 | (101 | ) | 289 | 217 | 506 | 39 | 1985 | |||||||||||||||||||||||||
Deptford, NJ | 281 | 25 | 183 | 123 | 306 | 87 | 1985 | ||||||||||||||||||||||||||
Dover, NJ | 577 | (160 | ) | 311 | 106 | 418 | 9 | 1985 | |||||||||||||||||||||||||
Eatontown, NJ | 118 | 144 | 87 | 174 | 262 | 46 | 1985 | ||||||||||||||||||||||||||
Elizabeth, NJ | 406 | 161 | 227 | 340 | 566 | 55 | 1985 | ||||||||||||||||||||||||||
Flemington, NJ | 547 | 17 | 346 | 218 | 564 | 145 | 1985 | ||||||||||||||||||||||||||
Fort Lee, NJ | 1,246 | 75 | 811 | 510 | 1,321 | 319 | 1985 | ||||||||||||||||||||||||||
Franklin Twp., NJ | 683 | 221 | 445 | 459 | 904 | 218 | 1985 | ||||||||||||||||||||||||||
Freehold, NJ | 494 | 96 | 403 | 188 | 591 | 114 | 1978 | ||||||||||||||||||||||||||
Green Village, NJ | 278 | 51 | 128 | 201 | 329 | 186 | 1985 | ||||||||||||||||||||||||||
Hasbrouck Heights, NJ | 640 | 324 | 416 | 548 | 964 | 227 | 1985 | ||||||||||||||||||||||||||
Hawthorne, NJ | 245 | 60 | 160 | 146 | 305 | 65 | 1985 | ||||||||||||||||||||||||||
Hillsborough, NJ | 237 | 167 | 100 | 304 | 404 | 126 | 1985 | ||||||||||||||||||||||||||
Irvington, NJ | 410 | 55 | 267 | 198 | 465 | 146 | 1985 | ||||||||||||||||||||||||||
Jersey City, NJ | 402 | (6 | ) | 124 | 272 | 395 | 37 | 1985 | |||||||||||||||||||||||||
Lake Hopatcong, NJ | 1,305 | 0 | 800 | 505 | 1,305 | 376 | 2000 | ||||||||||||||||||||||||||
Livingston, NJ | 872 | 37 | 568 | 341 | 909 | 224 | 1985 | ||||||||||||||||||||||||||
Long Branch, NJ | 514 | 30 | 335 | 209 | 544 | 139 | 1985 | ||||||||||||||||||||||||||
Mcafee, NJ | 671 | 12 | 437 | 246 | 683 | 161 | 1985 | ||||||||||||||||||||||||||
Midland Park, NJ | 201 | 178 | 150 | 229 | 379 | 92 | 1989 | ||||||||||||||||||||||||||
Neptune City, NJ | 270 | 0 | 176 | 94 | 270 | 60 | 1985 | ||||||||||||||||||||||||||
Neptune, NJ | 456 | (164 | ) | 234 | 57 | 291 | 7 | 1985 | |||||||||||||||||||||||||
North Bergen, NJ | 630 | 120 | 410 | 340 | 750 | 260 | 1985 | ||||||||||||||||||||||||||
North Lindenhurst, NY | 295 | 67 | 192 | 170 | 362 | 94 | 1998 | ||||||||||||||||||||||||||
North Plainfield, NJ | 227 | 377 | 175 | 430 | 605 | 308 | 1978 | ||||||||||||||||||||||||||
Nutley, NJ | 434 | 82 | 283 | 233 | 516 | 147 | 1985 | ||||||||||||||||||||||||||
Ocean City, NJ | 844 | (295 | ) | 367 | 181 | 548 | 25 | 1985 | |||||||||||||||||||||||||
Paramus, NJ | 382 | 35 | 249 | 168 | 417 | 106 | 1985 | ||||||||||||||||||||||||||
Parlin, NJ | 418 | (139 | ) | 203 | 76 | 279 | 7 | 1985 | |||||||||||||||||||||||||
Paterson, NJ | 620 | 17 | 403 | 233 | 636 | 155 | 1985 | ||||||||||||||||||||||||||
Pine Hill, NJ | 191 | 65 | 67 | 189 | 256 | 115 | 1986 | ||||||||||||||||||||||||||
Plainfield, NJ | 470 | (85 | ) | 306 | 79 | 385 | 0 | 1985 | |||||||||||||||||||||||||
Princeton, NJ | 703 | (184 | ) | 193 | 326 | 519 | 0 | 1985 | |||||||||||||||||||||||||
Ridgewood, NJ | 703 | 100 | 458 | 345 | 803 | 202 | 1985 | ||||||||||||||||||||||||||
Sewell, NJ | 552 | 54 | 356 | 250 | 606 | 148 | 1985 | ||||||||||||||||||||||||||
Somerville, NJ | 253 | 35 | 201 | 87 | 288 | 71 | 1987 | ||||||||||||||||||||||||||
Spring Lake, NJ | 346 | 88 | 225 | 209 | 434 | 124 | 1985 | ||||||||||||||||||||||||||
Trenton, NJ | 374 | 26 | 243 | 157 | 400 | 97 | 1985 | ||||||||||||||||||||||||||
Trenton, NJ | 466 | 14 | 304 | 177 | 480 | 118 | 1985 | ||||||||||||||||||||||||||
Trenton, NJ | 685 | 45 | 445 | 285 | 730 | 188 | 1985 | ||||||||||||||||||||||||||
Trenton, NJ | 1,303 | 0 | 1,146 | 157 | 1,303 | 10 | 2012 | ||||||||||||||||||||||||||
Trenton, NJ | 338 | 76 | 220 | 194 | 414 | 146 | 1985 | ||||||||||||||||||||||||||
Union, NJ | 437 | (91 | ) | 239 | 106 | 345 | 7 | 1985 | |||||||||||||||||||||||||
Wall Township, NJ | 336 | 56 | 121 | 271 | 392 | 271 | 1986 | ||||||||||||||||||||||||||
Washington Township, NJ | 912 | 25 | 594 | 343 | 937 | 224 | 1985 | ||||||||||||||||||||||||||
Watchung, NJ | 450 | (186 | ) | 226 | 38 | 264 | 3 | 1985 | |||||||||||||||||||||||||
Wayne, NJ | 490 | 121 | 288 | 323 | 611 | 0 | 1985 | ||||||||||||||||||||||||||
Wayne, NJ | 474 | 103 | 309 | 269 | 577 | 190 | 1985 | ||||||||||||||||||||||||||
West Orange, NJ | 800 | 336 | 521 | 615 | 1,136 | 245 | 1985 | ||||||||||||||||||||||||||
Naples, NY | 1,257 | 0 | 827 | 430 | 1,257 | 135 | 2006 | ||||||||||||||||||||||||||
Perry, NY | 1,444 | 0 | 1,044 | 400 | 1,444 | 125 | 2006 | ||||||||||||||||||||||||||
Prattsburg, NY | 553 | 0 | 303 | 250 | 553 | 78 | 2006 | ||||||||||||||||||||||||||
Rochester, NY | 853 | 0 | 303 | 550 | 853 | 172 | 2006 | ||||||||||||||||||||||||||
Albany, NY | 405 | 144 | 262 | 287 | 549 | 236 | 1985 | ||||||||||||||||||||||||||
Alfred Station, NY | 714 | 0 | 414 | 300 | 714 | 94 | 2006 | ||||||||||||||||||||||||||
Amherst, NY | 223 | 0 | 173 | 50 | 223 | 37 | 2000 | ||||||||||||||||||||||||||
Astoria, NY | 1,684 | 0 | 1,105 | 579 | 1,684 | 22 | 2013 | ||||||||||||||||||||||||||
Avoca, NY | 936 | (1 | ) | 635 | 300 | 935 | 94 | 2006 | |||||||||||||||||||||||||
Batavia, NY | 684 | 0 | 364 | 320 | 684 | 100 | 2006 | ||||||||||||||||||||||||||
Bay Shore, NY | 48 | 275 | 0 | 323 | 323 | 323 | 1969 | ||||||||||||||||||||||||||
Bay Shore, NY | 156 | 123 | 86 | 194 | 279 | 194 | 1981 | ||||||||||||||||||||||||||
Bayside, NY | 245 | 225 | 160 | 310 | 470 | 255 | 1985 | ||||||||||||||||||||||||||
Bayside, NY | 470 | 81 | 306 | 245 | 551 | 183 | 1985 | ||||||||||||||||||||||||||
Bellaire, NY | 330 | 38 | 215 | 152 | 367 | 111 | 1985 | ||||||||||||||||||||||||||
Bethpage, NY | 211 | 38 | 126 | 123 | 249 | 123 | 1978 | ||||||||||||||||||||||||||
Brentwood, NY | 253 | 49 | 125 | 177 | 302 | 177 | 1968 | ||||||||||||||||||||||||||
Brewster, NY | * | 789 | 0 | 789 | 0 | 789 | 0 | 2011 | |||||||||||||||||||||||||
Brewster, NY | 303 | 47 | 143 | 207 | 350 | 194 | 1988 | ||||||||||||||||||||||||||
Briarcliff Manor, NY | 652 | 454 | 502 | 605 | 1,106 | 299 | 1976 | ||||||||||||||||||||||||||
Bronx, NY | 141 | 166 | 87 | 221 | 308 | 200 | 1972 | ||||||||||||||||||||||||||
Bronx, NY | 90 | 145 | 40 | 195 | 235 | 192 | 1976 | ||||||||||||||||||||||||||
Bronx, NY | 78 | 528 | 66 | 540 | 606 | 461 | 1972 | ||||||||||||||||||||||||||
Bronx, NY | 89 | 194 | 63 | 219 | 283 | 219 | 1976 | ||||||||||||||||||||||||||
Bronx, NY | 390 | 54 | 251 | 193 | 444 | 141 | 1985 | ||||||||||||||||||||||||||
Bronx, NY | 104 | 382 | 90 | 396 | 486 | 373 | 1985 | ||||||||||||||||||||||||||
Bronx, NY | 423 | 0 | 423 | 0 | 423 | 0 | 2013 | ||||||||||||||||||||||||||
Bronx, NY | 1,049 | 0 | 485 | 564 | 1,049 | 22 | 2013 | ||||||||||||||||||||||||||
Bronx, NY | 1,910 | 0 | 1,349 | 561 | 1,910 | 23 | 2013 | ||||||||||||||||||||||||||
Bronx, NY | 953 | 0 | 953 | 0 | 953 | 0 | 2013 | ||||||||||||||||||||||||||
Bronx, NY | 884 | 0 | 884 | 0 | 884 | 0 | 2013 | ||||||||||||||||||||||||||
Bronx, NY | 2,407 | 0 | 1,712 | 696 | 2,407 | 25 | 2013 | ||||||||||||||||||||||||||
Bronx, NY | 877 | 0 | 877 | 0 | 877 | 0 | 2013 | ||||||||||||||||||||||||||
Bronxville, NY | * | 1,232 | 0 | 1,232 | 0 | 1,232 | 0 | 2011 | |||||||||||||||||||||||||
Brooklyn, NY | 282 | 206 | 176 | 312 | 488 | 309 | 1967 | ||||||||||||||||||||||||||
Brooklyn, NY | 148 | 215 | 104 | 259 | 363 | 159 | 1972 | ||||||||||||||||||||||||||
Brooklyn, NY | 75 | 272 | 45 | 302 | 347 | 276 | 1978 | ||||||||||||||||||||||||||
Brooklyn, NY | 116 | 253 | 75 | 295 | 370 | 272 | 1980 | ||||||||||||||||||||||||||
Brooklyn, NY | 277 | 25 | 168 | 133 | 302 | 133 | 1978 | ||||||||||||||||||||||||||
Brooklyn, NY | 627 | 56 | 408 | 275 | 683 | 192 | 1985 | ||||||||||||||||||||||||||
Brooklyn, NY | 477 | 74 | 306 | 245 | 551 | 182 | 1985 | ||||||||||||||||||||||||||
Brooklyn, NY | 422 | 88 | 275 | 235 | 510 | 179 | 1985 | ||||||||||||||||||||||||||
Brooklyn, NY | 237 | 89 | 154 | 172 | 326 | 76 | 1985 | ||||||||||||||||||||||||||
Buffalo, NY | 312 | 0 | 151 | 162 | 312 | 103 | 2000 | ||||||||||||||||||||||||||
Byron, NY | 969 | 0 | 669 | 300 | 969 | 94 | 2006 | ||||||||||||||||||||||||||
Cairo, NY | 192 | 181 | 47 | 326 | 373 | 299 | 1988 | ||||||||||||||||||||||||||
Castile, NY | 307 | 0 | 132 | 175 | 307 | 55 | 2006 | ||||||||||||||||||||||||||
Central Islip, NY | 103 | 151 | 61 | 193 | 255 | 193 | 1978 | ||||||||||||||||||||||||||
Central Islip, NY | 572 | 17 | 358 | 232 | 589 | 134 | 1998 | ||||||||||||||||||||||||||
Chatham, NY | 349 | 171 | 225 | 295 | 520 | 250 | 1985 | ||||||||||||||||||||||||||
Chester, NY | * | 1,158 | 0 | 1,158 | 0 | 1,158 | 0 | 2011 | |||||||||||||||||||||||||
Churchville, NY | 1,011 | 0 | 601 | 410 | 1,011 | 128 | 2006 | ||||||||||||||||||||||||||
Colonie, NY | 245 | 164 | 91 | 318 | 409 | 0 | 1986 | ||||||||||||||||||||||||||
Commack, NY | 321 | 26 | 209 | 138 | 347 | 97 | 1985 | ||||||||||||||||||||||||||
Corona, NY | 114 | 322 | 113 | 323 | 436 | 292 | 1965 | ||||||||||||||||||||||||||
Corona, NY | 2,543 | 0 | 1,903 | 640 | 2,543 | 24 | 2013 | ||||||||||||||||||||||||||
Cortland Manor, NY | * | 1,872 | 0 | 1,872 | 0 | 1,872 | 0 | 2011 | |||||||||||||||||||||||||
Dobbs Ferry, NY | 671 | 73 | 434 | 309 | 744 | 224 | 1985 | ||||||||||||||||||||||||||
Dobbs Ferry, NY | * | 1,345 | 0 | 1,345 | 0 | 1,345 | 0 | 2011 | |||||||||||||||||||||||||
East Hampton, NY | 659 | 39 | 428 | 271 | 698 | 187 | 1985 | ||||||||||||||||||||||||||
East Hills, NY | 242 | 78 | 242 | 78 | 319 | 29 | 1986 | ||||||||||||||||||||||||||
East Islip, NY | 89 | 377 | 87 | 379 | 466 | 128 | 1972 | ||||||||||||||||||||||||||
East Pembroke, NY | 787 | 0 | 537 | 250 | 787 | 78 | 2006 | ||||||||||||||||||||||||||
Eastchester, NY | 534 | (154 | ) | 289 | 91 | 380 | 11 | 1985 | |||||||||||||||||||||||||
Eastchester, NY | * | 1,724 | 0 | 1,724 | 0 | 1,724 | 0 | 2011 | |||||||||||||||||||||||||
Ellenville, NY | 233 | 92 | 152 | 174 | 325 | 144 | 1985 | ||||||||||||||||||||||||||
Elmont, NY | 389 | 92 | 231 | 250 | 481 | 236 | 1978 | ||||||||||||||||||||||||||
Elmsford, NY | 0 | 230 | 0 | 230 | 230 | 127 | 1971 | ||||||||||||||||||||||||||
Elmsford, NY | * | 1,453 | 0 | 1,453 | 0 | 1,453 | 0 | 2011 | |||||||||||||||||||||||||
Fishkill, NY | * | 1,793 | 0 | 1,793 | 0 | 1,793 | 0 | 2011 | |||||||||||||||||||||||||
Floral Park, NY | 617 | 48 | 356 | 309 | 665 | 171 | 1998 | ||||||||||||||||||||||||||
Flushing, NY | 516 | 0 | 320 | 196 | 516 | 121 | 1998 | ||||||||||||||||||||||||||
Flushing, NY | 1,947 | 0 | 1,405 | 542 | 1,947 | 19 | 2013 | ||||||||||||||||||||||||||
Flushing, NY | 2,479 | 0 | 1,801 | 677 | 2,479 | 24 | 2013 | ||||||||||||||||||||||||||
Flushing, NY | 1,936 | 0 | 1,413 | 523 | 1,936 | 20 | 2013 | ||||||||||||||||||||||||||
Forrest Hill, NY | 1,273 | 0 | 1,273 | 0 | 1,273 | 0 | 2013 | ||||||||||||||||||||||||||
Franklin Square, NY | 153 | 99 | 137 | 115 | 252 | 93 | 1978 | ||||||||||||||||||||||||||
Friendship, NY | 393 | 0 | 43 | 350 | 393 | 110 | 2006 | ||||||||||||||||||||||||||
Garden City, NY | 362 | 14 | 236 | 140 | 376 | 94 | 1985 | ||||||||||||||||||||||||||
Garnerville, NY | * | 1,508 | 0 | 1,508 | 0 | 1,508 | 0 | 2011 | |||||||||||||||||||||||||
Glen Head, NY | 234 | 192 | 103 | 324 | 427 | 324 | 1982 | ||||||||||||||||||||||||||
Glen Head, NY | 462 | 45 | 301 | 207 | 508 | 148 | 1985 | ||||||||||||||||||||||||||
Glendale, NY | 124 | 128 | 86 | 166 | 252 | 166 | 1976 | ||||||||||||||||||||||||||
Glendale, NY | 369 | 34 | 236 | 168 | 403 | 122 | 1985 | ||||||||||||||||||||||||||
Glenville, NY | 344 | (103 | ) | 189 | 52 | 241 | 0 | 1985 | |||||||||||||||||||||||||
Great Neck, NY | 500 | 24 | 450 | 74 | 524 | 74 | 1985 | ||||||||||||||||||||||||||
Greigsville, NY | 1,018 | 0 | 203 | 815 | 1,018 | 294 | 2008 | ||||||||||||||||||||||||||
Hamburg, NY | 294 | 0 | 164 | 130 | 294 | 75 | 2000 | ||||||||||||||||||||||||||
Hancock, NY | 100 | 141 | 44 | 197 | 241 | 0 | 1986 | ||||||||||||||||||||||||||
Hartsdale, NY | * | 1,626 | 0 | 1,626 | 0 | 1,626 | 0 | 2011 | |||||||||||||||||||||||||
Hawthorne, NY | 0 | 235 | 0 | 235 | 235 | 4 | 1986 | ||||||||||||||||||||||||||
Hawthorne, NY | * | 2,084 | 0 | 2,084 | 0 | 2,084 | 0 | 2011 | |||||||||||||||||||||||||
Hopewell Junction, NY | * | 1,163 | 0 | 1,163 | 0 | 1,163 | 0 | 2011 | |||||||||||||||||||||||||
Hyde Park, NY | * | 990 | 0 | 990 | 0 | 990 | 0 | 2011 | |||||||||||||||||||||||||
Jericho, NY | 0 | 380 | 0 | 380 | 380 | 267 | 1998 | ||||||||||||||||||||||||||
Katonah, NY | * | 1,084 | 0 | 1,084 | 0 | 1,084 | 0 | 2011 | |||||||||||||||||||||||||
Lagrangeville, NY | 129 | 190 | 64 | 255 | 319 | 169 | 1972 | ||||||||||||||||||||||||||
Lake Ronkonkoma, NY | 87 | 157 | 51 | 193 | 244 | 193 | 1978 | ||||||||||||||||||||||||||
Lakeville, NY | 1,028 | 0 | 203 | 825 | 1,028 | 300 | 2008 | ||||||||||||||||||||||||||
Levittown, NY | 503 | 42 | 327 | 218 | 545 | 154 | 1985 | ||||||||||||||||||||||||||
Levittown, NY | 546 | 86 | 356 | 277 | 633 | 174 | 1985 | ||||||||||||||||||||||||||
Long Island City, NY | 107 | 194 | 73 | 227 | 300 | 227 | 1976 | ||||||||||||||||||||||||||
Long Island City, NY | 2,717 | 0 | 1,183 | 1,534 | 2,717 | 49 | 2013 | ||||||||||||||||||||||||||
Malta, NY | 190 | 123 | 65 | 248 | 313 | 221 | 1986 | ||||||||||||||||||||||||||
Mamaroneck, NY | * | 1,429 | 0 | 1,429 | 0 | 1,429 | 0 | 2011 | |||||||||||||||||||||||||
Massapequa, NY | 333 | 29 | 217 | 145 | 362 | 103 | 1985 | ||||||||||||||||||||||||||
Mastic, NY | 313 | 110 | 204 | 219 | 424 | 180 | 1985 | ||||||||||||||||||||||||||
Menands, NY | 151 | 82 | 50 | 182 | 232 | 160 | 1988 | ||||||||||||||||||||||||||
Middletown, NY | 751 | 33 | 489 | 295 | 784 | 199 | 1985 | ||||||||||||||||||||||||||
Middletown, NY | * | 1,281 | 0 | 1,281 | 0 | 1,281 | 0 | 2011 | |||||||||||||||||||||||||
Middletown, NY | * | 719 | 0 | 719 | 0 | 719 | 0 | 2011 | |||||||||||||||||||||||||
Millerton, NY | 175 | 147 | 100 | 222 | 322 | 199 | 1986 | ||||||||||||||||||||||||||
Millwood, NY | * | 1,448 | 0 | 1,448 | 0 | 1,448 | 0 | 2011 | |||||||||||||||||||||||||
Mount Kisco, NY | * | 1,907 | 0 | 1,907 | 0 | 1,907 | 0 | 2011 | |||||||||||||||||||||||||
Mount Vernon, NY | * | 985 | 0 | 985 | 0 | 985 | 0 | 2011 | |||||||||||||||||||||||||
Nanuet, NY | * | 2,316 | 0 | 2,316 | 0 | 2,316 | 0 | 2011 | |||||||||||||||||||||||||
New Paltz, NY | * | 971 | 0 | 971 | 0 | 971 | 0 | 2011 | |||||||||||||||||||||||||
New Rochelle, NY | 189 | 44 | 104 | 129 | 233 | 123 | 1982 | ||||||||||||||||||||||||||
New Rochelle, NY | * | 1,887 | 0 | 1,887 | 0 | 1,887 | 0 | 2011 | |||||||||||||||||||||||||
New Windsor, NY | * | 1,084 | 0 | 1,084 | 0 | 1,084 | 0 | 2011 | |||||||||||||||||||||||||
New York, NY | 126 | 175 | 78 | 223 | 301 | 216 | 1972 | ||||||||||||||||||||||||||
Newburgh, NY | * | 527 | 0 | 527 | 0 | 527 | 0 | 2011 | |||||||||||||||||||||||||
Newburgh, NY | * | 1,192 | 0 | 1,192 | 0 | 1,192 | 0 | 2011 | |||||||||||||||||||||||||
Newburgh, NY | 431 | 148 | 150 | 429 | 579 | 305 | 1989 | ||||||||||||||||||||||||||
Niskayuna, NY | 425 | 35 | 275 | 185 | 460 | 185 | 1986 | ||||||||||||||||||||||||||
North Babylon, NY | 92 | 130 | 59 | 162 | 221 | 150 | 1978 | ||||||||||||||||||||||||||
North Merrick, NY | 510 | 150 | 332 | 329 | 661 | 219 | 1985 | ||||||||||||||||||||||||||
Northport, NY | 241 | 33 | 157 | 117 | 274 | 83 | 1985 | ||||||||||||||||||||||||||
Ossining, NY | 141 | 199 | 98 | 243 | 340 | 136 | 1982 | ||||||||||||||||||||||||||
Ossining, NY | 231 | 56 | 117 | 170 | 287 | 31 | 1985 | ||||||||||||||||||||||||||
Peekskill, NY | * | 2,207 | 0 | 2,207 | 0 | 2,207 | 0 | 2011 | |||||||||||||||||||||||||
Pelham, NY | * | 1,035 | 0 | 1,035 | 0 | 1,035 | 0 | 2011 | |||||||||||||||||||||||||
Pleasant Valley, NY | 399 | 154 | 240 | 313 | 553 | 287 | 1986 | ||||||||||||||||||||||||||
Port Chester, NY | * | 1,015 | 0 | 1,015 | 0 | 1,015 | 0 | 2011 | |||||||||||||||||||||||||
Port Chester, NY | 941 | 0 | 0 | 941 | 941 | 166 | 2011 | ||||||||||||||||||||||||||
Port Ewen, NY | 657 | (422 | ) | 89 | 146 | 235 | 0 | 2007 | |||||||||||||||||||||||||
Port Jefferson, NY | 387 | 61 | 246 | 203 | 448 | 152 | 1985 | ||||||||||||||||||||||||||
Poughkeepsie, NY | 33 | 208 | 36 | 205 | 241 | 204 | 1971 | ||||||||||||||||||||||||||
Poughkeepsie, NY | * | 591 | 0 | 591 | 0 | 591 | 0 | 2011 | |||||||||||||||||||||||||
Poughkeepsie, NY | * | 1,020 | 0 | 1,020 | 0 | 1,020 | 0 | 2011 | |||||||||||||||||||||||||
Poughkeepsie, NY | * | 1,340 | 0 | 1,340 | 0 | 1,340 | 0 | 2011 | |||||||||||||||||||||||||
Poughkeepsie, NY | * | 1,306 | 0 | 1,306 | 0 | 1,306 | 0 | 2011 | |||||||||||||||||||||||||
Poughkeepsie, NY | * | 1,355 | 0 | 1,355 | 0 | 1,355 | 0 | 2011 | |||||||||||||||||||||||||
Poughkeepsie, NY | * | 1,232 | 0 | 1,232 | 0 | 1,232 | 0 | 2011 | |||||||||||||||||||||||||
Queensbury, NY | 215 | 82 | 96 | 201 | 297 | 40 | 1986 | ||||||||||||||||||||||||||
Rego Park, NY | 34 | 275 | 23 | 286 | 309 | 133 | 1974 | ||||||||||||||||||||||||||
Rego Park, NY | 2,784 | 0 | 2,104 | 679 | 2,784 | 25 | 2013 | ||||||||||||||||||||||||||
Rhinebeck, NY | 204 | 195 | 102 | 297 | 399 | 48 | 2007 | ||||||||||||||||||||||||||
Riverhead, NY | 723 | 0 | 432 | 292 | 723 | 180 | 1998 | ||||||||||||||||||||||||||
Rochester, NY | 559 | 0 | 159 | 400 | 559 | 125 | 2006 | ||||||||||||||||||||||||||
Rochester, NY | 595 | 0 | 305 | 290 | 595 | 78 | 2008 | ||||||||||||||||||||||||||
Rockville Centre, NY | 350 | 66 | 201 | 215 | 417 | 176 | 1985 | ||||||||||||||||||||||||||
Rokaway Park, NY | 1,605 | 0 | 1,605 | 0 | 1,605 | 0 | 2013 | ||||||||||||||||||||||||||
Ronkonkoma, NY | 76 | 208 | 46 | 239 | 285 | 239 | 1978 | ||||||||||||||||||||||||||
Rye, NY | * | 872 | 0 | 872 | 0 | 872 | 0 | 2011 | |||||||||||||||||||||||||
Sag Harbor, NY | 704 | 35 | 458 | 281 | 739 | 192 | 1985 | ||||||||||||||||||||||||||
Savona, NY | 1,314 | 0 | 964 | 350 | 1,314 | 110 | 2006 | ||||||||||||||||||||||||||
Sayville, NY | 345 | 0 | 300 | 45 | 345 | 27 | 1998 | ||||||||||||||||||||||||||
Scarsdale, NY | 257 | 133 | 123 | 267 | 390 | 0 | 1985 | ||||||||||||||||||||||||||
Scarsdale, NY | * | 1,301 | 0 | 1,301 | 0 | 1,301 | 0 | 2011 | |||||||||||||||||||||||||
Schenectady, NY | 225 | 38 | 135 | 128 | 263 | 0 | 1986 | ||||||||||||||||||||||||||
Shrub Oak, NY | 1,061 | 253 | 691 | 623 | 1,313 | 343 | 1985 | ||||||||||||||||||||||||||
Sleepy Hollow, NY | 281 | 400 | 130 | 551 | 681 | 261 | 1969 | ||||||||||||||||||||||||||
Spring Valley, NY | * | 749 | 0 | 749 | 0 | 749 | 0 | 2011 | |||||||||||||||||||||||||
St. Albans, NY | 330 | 66 | 215 | 181 | 396 | 139 | 1985 | ||||||||||||||||||||||||||
Staten Island, NY | 174 | 92 | 113 | 153 | 266 | 153 | 1976 | ||||||||||||||||||||||||||
Staten Island, NY | 0 | 244 | 0 | 244 | 244 | 229 | 1981 | ||||||||||||||||||||||||||
Staten Island, NY | 301 | 77 | 196 | 182 | 378 | 143 | 1985 | ||||||||||||||||||||||||||
Staten Island, NY | 358 | 38 | 230 | 166 | 396 | 118 | 1985 | ||||||||||||||||||||||||||
Staten Island, NY | 350 | 44 | 228 | 166 | 393 | 122 | 1985 | ||||||||||||||||||||||||||
Staten Island, NY | 390 | 89 | 254 | 225 | 479 | 175 | 1985 | ||||||||||||||||||||||||||
Tarrytown, NY | * | 956 | 0 | 956 | 0 | 956 | 0 | 2011 | |||||||||||||||||||||||||
Thornwood, NY | 1,389 | 0 | 0 | 1,389 | 1,389 | 216 | 2011 | ||||||||||||||||||||||||||
Tuchahoe, NY | * | 1,650 | 0 | 1,650 | 0 | 1,650 | 0 | 2011 | |||||||||||||||||||||||||
Valley Cottage, NY | 63 | 171 | 64 | 170 | 234 | 99 | 1965 | ||||||||||||||||||||||||||
Wantagh, NY | 641 | 0 | 370 | 270 | 641 | 167 | 1998 | ||||||||||||||||||||||||||
Wappingers Falls, NY | 114 | 144 | 112 | 146 | 258 | 146 | 1971 | ||||||||||||||||||||||||||
Wappingers Falls, NY | 452 | 0 | 0 | 452 | 452 | 121 | 2011 | ||||||||||||||||||||||||||
Wappingers Falls, NY | * | 1,488 | 0 | 1,488 | 0 | 1,488 | 0 | 2011 | |||||||||||||||||||||||||
Warsaw, NY | 990 | 0 | 690 | 300 | 990 | 94 | 2006 | ||||||||||||||||||||||||||
Warwick, NY | * | 1,049 | 0 | 1,049 | 0 | 1,049 | 0 | 2011 | |||||||||||||||||||||||||
Wellsville, NY | 247 | 0 | 0 | 247 | 247 | 77 | 2006 | ||||||||||||||||||||||||||
West Nyack, NY | * | 936 | 0 | 936 | 0 | 936 | 0 | 2011 | |||||||||||||||||||||||||
West Taghkanic, NY | 203 | 383 | 122 | 465 | 586 | 203 | 1986 | ||||||||||||||||||||||||||
White Plains, NY | 0 | 509 | 303 | 206 | 509 | 133 | 1972 | ||||||||||||||||||||||||||
White Plains, NY | 259 | 101 | 165 | 195 | 360 | 130 | 1985 | ||||||||||||||||||||||||||
White Plains, NY | * | 1,458 | 0 | 1,458 | 0 | 1,458 | 0 | 2011 | |||||||||||||||||||||||||
Wyandanch, NY | 415 | (110 | ) | 262 | 44 | 306 | 4 | 1998 | |||||||||||||||||||||||||
Yaphank, NY | 0 | 579 | 375 | 204 | 579 | 7 | 1993 | ||||||||||||||||||||||||||
Yonkers, NY | 291 | 177 | 216 | 252 | 469 | 235 | 1972 | ||||||||||||||||||||||||||
Yonkers, NY | 1,020 | 100 | 665 | 456 | 1,121 | 327 | 1985 | ||||||||||||||||||||||||||
Yonkers, NY | 203 | 18 | 144 | 77 | 221 | 77 | 1986 | ||||||||||||||||||||||||||
Yonkers, NY | * | 1,907 | 0 | 1,907 | 0 | 1,907 | 0 | 2011 | |||||||||||||||||||||||||
Yorktown Heights, NY | * | 2,365 | 0 | 2,365 | 0 | 2,365 | 0 | 2011 | |||||||||||||||||||||||||
Crestline, OH | 1,202 | 0 | 285 | 917 | 1,202 | 239 | 2008 | ||||||||||||||||||||||||||
Mansfield, OH | 921 | 0 | 332 | 590 | 921 | 144 | 2008 | ||||||||||||||||||||||||||
Mansfield, OH | 1,950 | 0 | 700 | 1,250 | 1,950 | 290 | 2009 | ||||||||||||||||||||||||||
Monroeville, OH | 2,580 | 0 | 485 | 2,095 | 2,580 | 453 | 2009 | ||||||||||||||||||||||||||
Aldan, PA | 281 | 36 | 183 | 134 | 317 | 98 | 1985 | ||||||||||||||||||||||||||
Aldan, PA | 434 | 17 | 283 | 168 | 451 | 113 | 1985 | ||||||||||||||||||||||||||
Allentown, PA | 358 | 30 | 233 | 155 | 388 | 109 | 1985 | ||||||||||||||||||||||||||
Allison Park, PA | 1,500 | 0 | 850 | 650 | 1,500 | 192 | 2010 | ||||||||||||||||||||||||||
Bristol, PA | 431 | (172 | ) | 213 | 46 | 259 | 0 | 1985 | |||||||||||||||||||||||||
Bryn Mawr, PA | 221 | 50 | 144 | 127 | 271 | 96 | 1985 | ||||||||||||||||||||||||||
Clifton Hgts, PA | 213 | 25 | 139 | 99 | 238 | 72 | 1985 | ||||||||||||||||||||||||||
Clifton Hgts., PA | 428 | (109 | ) | 217 | 102 | 319 | 13 | 1985 | |||||||||||||||||||||||||
Conshohocken, PA | 261 | 83 | 170 | 174 | 344 | 137 | 1985 | ||||||||||||||||||||||||||
Elkins Park, PA | 275 | 14 | 200 | 89 | 289 | 89 | 1990 | ||||||||||||||||||||||||||
Feasterville, PA | 510 | 107 | 332 | 285 | 617 | 220 | 1985 | ||||||||||||||||||||||||||
Furlong, PA | 175 | 151 | 175 | 151 | 326 | 117 | 1985 | ||||||||||||||||||||||||||
Hamburg, PA | 219 | 76 | 130 | 165 | 295 | 165 | 1989 | ||||||||||||||||||||||||||
Harrisburg, PA | 399 | 212 | 199 | 412 | 611 | 289 | 1989 | ||||||||||||||||||||||||||
Hatboro, PA | 289 | (54 | ) | 176 | 59 | 235 | 0 | 1985 | |||||||||||||||||||||||||
Havertown, PA | 402 | 22 | 254 | 170 | 424 | 121 | 1985 | ||||||||||||||||||||||||||
Havertown, PA | 265 | 24 | 173 | 116 | 289 | 83 | 1985 | ||||||||||||||||||||||||||
Huntingdon Valley, PA | 422 | 36 | 275 | 184 | 458 | 154 | 1985 | ||||||||||||||||||||||||||
Lancaster, PA | 209 | 53 | 78 | 184 | 262 | 159 | 1989 | ||||||||||||||||||||||||||
Lancaster, PA | 642 | 18 | 300 | 360 | 660 | 360 | 1989 | ||||||||||||||||||||||||||
Lancaster, PA | 309 | 4 | 104 | 209 | 313 | 209 | 1989 | ||||||||||||||||||||||||||
Laureldale, PA | 262 | 16 | 87 | 191 | 278 | 191 | 1989 | ||||||||||||||||||||||||||
Media, PA | 326 | 120 | 191 | 255 | 446 | 138 | 1985 | ||||||||||||||||||||||||||
Mohnton, PA | 317 | 11 | 66 | 262 | 328 | 262 | 1989 | ||||||||||||||||||||||||||
Morrisville, PA | 378 | 39 | 246 | 171 | 417 | 116 | 1985 | ||||||||||||||||||||||||||
New Holland, PA | 313 | 13 | 143 | 182 | 326 | 182 | 1989 | ||||||||||||||||||||||||||
New Kensington, PA | 1,375 | 0 | 675 | 700 | 1,375 | 114 | 2010 | ||||||||||||||||||||||||||
New Oxford, PA | 1,045 | (226 | ) | 19 | 800 | 818 | 747 | 1996 | |||||||||||||||||||||||||
Norristown, PA | 241 | 28 | 157 | 112 | 269 | 75 | 1985 | ||||||||||||||||||||||||||
Norristown, PA | 175 | 128 | 175 | 128 | 303 | 87 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 237 | 25 | 154 | 108 | 262 | 78 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 281 | 27 | 183 | 125 | 308 | 90 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 289 | 49 | 188 | 150 | 338 | 113 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 406 | 133 | 264 | 275 | 539 | 223 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 418 | 58 | 272 | 203 | 476 | 138 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 370 | 95 | 241 | 224 | 465 | 171 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 390 | 27 | 254 | 163 | 417 | 114 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 342 | 40 | 222 | 159 | 381 | 116 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 370 | 136 | 241 | 265 | 506 | 218 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 303 | 50 | 182 | 172 | 353 | 172 | 1985 | ||||||||||||||||||||||||||
Philadelphia, PA | 1,252 | 0 | 814 | 438 | 1,252 | 81 | 2009 | ||||||||||||||||||||||||||
Phoenixville, PA | 384 | (39 | ) | 205 | 140 | 345 | 11 | 1985 | |||||||||||||||||||||||||
Pottstown, PA | 430 | 49 | 280 | 199 | 479 | 144 | 1985 | ||||||||||||||||||||||||||
Pottsville, PA | 162 | 68 | 43 | 187 | 231 | 187 | 1990 | ||||||||||||||||||||||||||
Pottsville, PA | 451 | 1 | 148 | 304 | 452 | 304 | 1990 | ||||||||||||||||||||||||||
Reading, PA | 750 | 49 | 0 | 799 | 799 | 798 | 1989 | ||||||||||||||||||||||||||
Reading, PA | 183 | 127 | 104 | 205 | 309 | 185 | 1989 | ||||||||||||||||||||||||||
Souderton, PA | 382 | 38 | 249 | 171 | 420 | 122 | 1985 | ||||||||||||||||||||||||||
Trappe, PA | 378 | 44 | 246 | 175 | 421 | 127 | 1985 | ||||||||||||||||||||||||||
Trevose, PA | 215 | 20 | 150 | 85 | 235 | 82 | 1987 | ||||||||||||||||||||||||||
Ashaway, RI | 619 | 0 | 402 | 217 | 619 | 79 | 2004 | ||||||||||||||||||||||||||
Barrington, RI | 490 | 85 | 319 | 256 | 575 | 193 | 1985 | ||||||||||||||||||||||||||
Cranston, RI | 466 | (203 | ) | 217 | 47 | 263 | 0 | 1985 | |||||||||||||||||||||||||
East Providence, RI | 2,297 | (1,503 | ) | 625 | 169 | 794 | 0 | 1985 | |||||||||||||||||||||||||
East Providence, RI | 487 | (208 | ) | 258 | 20 | 278 | 0 | 1985 | |||||||||||||||||||||||||
N. Providence, RI | 542 | 62 | 353 | 251 | 604 | 182 | 1985 | ||||||||||||||||||||||||||
North Kingstown, RI | 212 | 115 | 89 | 237 | 327 | 165 | 1985 | ||||||||||||||||||||||||||
Providence, RI | 231 | 14 | 150 | 95 | 246 | 49 | 1991 | ||||||||||||||||||||||||||
Wakefield, RI | 356 | (106 | ) | 143 | 107 | 250 | 12 | 1985 | |||||||||||||||||||||||||
Warwick, RI | 377 | 37 | 206 | 207 | 413 | 207 | 1989 | ||||||||||||||||||||||||||
Warwick, RI | 435 | 25 | 267 | 193 | 459 | 141 | 1985 | ||||||||||||||||||||||||||
Austin, TX | 2,368 | 0 | 738 | 1,630 | 2,368 | 504 | 2007 | ||||||||||||||||||||||||||
Austin, TX | 462 | 0 | 274 | 188 | 462 | 82 | 2007 | ||||||||||||||||||||||||||
Austin, TX | 3,510 | 0 | 1,595 | 1,916 | 3,510 | 600 | 2007 | ||||||||||||||||||||||||||
Bedford, TX | 353 | 0 | 113 | 240 | 353 | 113 | 2007 | ||||||||||||||||||||||||||
Ft Worth, TX | 2,115 | 0 | 866 | 1,249 | 2,115 | 437 | 2007 | ||||||||||||||||||||||||||
Harker Heights, TX | 2,052 | 0 | 588 | 1,463 | 2,052 | 744 | 2007 | ||||||||||||||||||||||||||
Houston, TX | 1,689 | 0 | 224 | 1,465 | 1,689 | 430 | 2007 | ||||||||||||||||||||||||||
Keller, TX | 2,507 | 0 | 996 | 1,511 | 2,507 | 497 | 2007 | ||||||||||||||||||||||||||
Lewisville, TX | 494 | 0 | 110 | 384 | 494 | 134 | 2008 | ||||||||||||||||||||||||||
Midlothian, TX | 429 | 0 | 72 | 357 | 429 | 143 | 2007 | ||||||||||||||||||||||||||
N Richland Hills, TX | 314 | 0 | 126 | 189 | 314 | 69 | 2007 | ||||||||||||||||||||||||||
San Marcos, TX | 1,954 | 0 | 251 | 1,703 | 1,954 | 515 | 2007 | ||||||||||||||||||||||||||
Temple, TX | 2,406 | (10 | ) | 1,205 | 1,190 | 2,396 | 400 | 2007 | |||||||||||||||||||||||||
The Colony, TX | 4,396 | 0 | 337 | 4,059 | 4,396 | 1,158 | 2007 | ||||||||||||||||||||||||||
Waco, TX | 3,884 | 0 | 894 | 2,990 | 3,884 | 1,011 | 2007 | ||||||||||||||||||||||||||
Alexandria, VA | 649 | 0 | 649 | 0 | 649 | 0 | 2013 | ||||||||||||||||||||||||||
Alexandria, VA | 1,327 | 0 | 1,327 | 0 | 1,327 | 0 | 2013 | ||||||||||||||||||||||||||
Alexandria, VA | 735 | 0 | 735 | 0 | 735 | 0 | 2013 | ||||||||||||||||||||||||||
Alexandria, VA | 1,582 | 0 | 1,150 | 432 | 1,582 | 16 | 2013 | ||||||||||||||||||||||||||
Alexandria, VA | 656 | 0 | 409 | 247 | 656 | 10 | 2013 | ||||||||||||||||||||||||||
Alexandria, VA | 1,388 | 0 | 1,020 | 368 | 1,388 | 15 | 2013 | ||||||||||||||||||||||||||
Alexandria, VA | 1,757 | 0 | 1,313 | 444 | 1,757 | 18 | 2013 | ||||||||||||||||||||||||||
Alexandria, VA | 712 | 0 | 712 | 0 | 712 | 0 | 2013 | ||||||||||||||||||||||||||
Annandale, VA | 1,718 | 0 | 1,718 | 0 | 1,718 | 0 | 2013 | ||||||||||||||||||||||||||
Arlington, VA | 2,062 | 0 | 1,603 | 459 | 2,062 | 17 | 2013 | ||||||||||||||||||||||||||
Arlington, VA | 2,013 | 0 | 1,516 | 498 | 2,013 | 19 | 2013 | ||||||||||||||||||||||||||
Arlington, VA | 1,083 | 0 | 1,083 | 0 | 1,083 | 0 | 2013 | ||||||||||||||||||||||||||
Arlington, VA | 1,464 | 0 | 1,085 | 379 | 1,464 | 15 | 2013 | ||||||||||||||||||||||||||
Ashland, VA | 840 | 0 | 840 | 0 | 840 | 0 | 2005 | ||||||||||||||||||||||||||
Chesapeake, VA | 780 | (185 | ) | 398 | 196 | 594 | 16 | 1990 | |||||||||||||||||||||||||
Chesapeake, VA | 1,004 | 7 | 385 | 626 | 1,011 | 626 | 1990 | ||||||||||||||||||||||||||
Fairfax, VA | 3,348 | 0 | 2,351 | 997 | 3,348 | 35 | 2013 | ||||||||||||||||||||||||||
Fairfax, VA | 4,454 | 0 | 3,370 | 1,084 | 4,454 | 39 | 2013 | ||||||||||||||||||||||||||
Fairfax, VA | 1,825 | 0 | 1,190 | 635 | 1,825 | 24 | 2013 | ||||||||||||||||||||||||||
Fairfax, VA | 2,077 | 0 | 1,365 | 713 | 2,077 | 23 | 2013 | ||||||||||||||||||||||||||
Farmville, VA | 1,227 | 0 | 622 | 605 | 1,227 | 212 | 2005 | ||||||||||||||||||||||||||
Fredericksburg, VA | 1,279 | 0 | 469 | 810 | 1,279 | 284 | 2005 | ||||||||||||||||||||||||||
Fredericksburg, VA | 1,716 | 0 | 996 | 720 | 1,716 | 252 | 2005 | ||||||||||||||||||||||||||
Fredericksburg, VA | 1,289 | 0 | 798 | 491 | 1,289 | 187 | 2005 | ||||||||||||||||||||||||||
Fredericksburg, VA | 3,623 | 0 | 2,828 | 795 | 3,623 | 278 | 2005 | ||||||||||||||||||||||||||
Glen Allen, VA | 1,037 | 0 | 412 | 625 | 1,037 | 219 | 2005 | ||||||||||||||||||||||||||
Glen Allen, VA | 1,077 | 0 | 322 | 755 | 1,077 | 264 | 2005 | ||||||||||||||||||||||||||
King George, VA | 294 | 0 | 294 | 0 | 294 | 0 | 2005 | ||||||||||||||||||||||||||
King William, VA | 1,688 | 0 | 1,068 | 620 | 1,688 | 217 | 2005 | ||||||||||||||||||||||||||
Mechanicsville, VA | 1,125 | 0 | 505 | 620 | 1,125 | 217 | 2005 | ||||||||||||||||||||||||||
Mechanicsville, VA | 903 | 0 | 273 | 630 | 903 | 221 | 2005 | ||||||||||||||||||||||||||
Mechanicsville, VA | 1,476 | 0 | 876 | 600 | 1,476 | 210 | 2005 | ||||||||||||||||||||||||||
Mechanicsville, VA | 957 | 0 | 324 | 633 | 957 | 253 | 2005 | ||||||||||||||||||||||||||
Mechanicsville, VA | 1,677 | 0 | 1,157 | 520 | 1,677 | 182 | 2005 | ||||||||||||||||||||||||||
Mechanicsville, VA | 1,043 | 0 | 223 | 820 | 1,043 | 287 | 2005 | ||||||||||||||||||||||||||
Montpelier, VA | 2,481 | (114 | ) | 1,612 | 755 | 2,367 | 264 | 2005 | |||||||||||||||||||||||||
Norfolk, VA | 535 | 6 | 311 | 230 | 541 | 230 | 1990 | ||||||||||||||||||||||||||
Petersburg, VA | 1,441 | 0 | 816 | 625 | 1,441 | 219 | 2005 | ||||||||||||||||||||||||||
Portsmouth, VA | 562 | 33 | 222 | 374 | 595 | 358 | 1990 | ||||||||||||||||||||||||||
Richmond, VA | 1,132 | 0 | 547 | 585 | 1,132 | 205 | 2005 | ||||||||||||||||||||||||||
Ruther Glen, VA | 466 | 0 | 31 | 435 | 466 | 152 | 2005 | ||||||||||||||||||||||||||
Sandston, VA | 722 | 0 | 102 | 620 | 722 | 217 | 2005 | ||||||||||||||||||||||||||
Spotsylvania, VA | 1,290 | 0 | 490 | 800 | 1,290 | 280 | 2005 | ||||||||||||||||||||||||||
Springfield, VA | 4,257 | 0 | 2,969 | 1,288 | 4,257 | 45 | 2013 | ||||||||||||||||||||||||||
Miscellaneous | 28,220 | 1,842 | 11,254 | 18,808 | 30,062 | 13,315 | various | ||||||||||||||||||||||||||
$ | 541,753 | $ | 28,522 | $ | 358,530 | $ | 211,745 | $ | 570,275 | $ | 103,452 | ||||||||||||||||||||||
-1 | Initial cost of leasehold or acquisition investment to company represents the aggregate of the cost incurred during the year in which we purchased the property for owned properties or purchased a leasehold interest in leased properties. Cost capitalized subsequent to initial investment includes investments made in previously leased properties prior to their acquisition. | ||||||||||||||||||||||||||||||||
-2 | Depreciation of real estate is computed on the straight-line method based upon the estimated useful lives of the assets, which generally range from 16 to 25 years for buildings and improvements, or the term of the lease if shorter. Leasehold interests are amortized over the remaining term of the underlying lease. | ||||||||||||||||||||||||||||||||
-3 | The aggregate cost for federal income tax purposes was approximately $568,146,000 at December 31, 2013. |
SCHEDULE_IVMORTGAGE_LOANS_ON_R
SCHEDULE IV-MORTGAGE LOANS ON REAL ESTATE | 12 Months Ended | ||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||
Mortgage Loans On Real Estate [Abstract] | ' | ||||||||||||||||||||||||||
SCHEDULE IV-MORTGAGE LOANS ON REAL ESTATE | ' | ||||||||||||||||||||||||||
GETTY REALTY CORP. and SUBSIDIARIES | |||||||||||||||||||||||||||
SCHEDULE IV—MORTGAGE LOANS ON REAL ESTATE | |||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||
Type of | Description | Location(s) | Interest | Final | Periodic | Prior | Face Value | Amount of | |||||||||||||||||||
Rate | Maturity | Payment | Liens | at | Principal | ||||||||||||||||||||||
Loan/Borrower | Date | Terms (a) | Inception | Unpaid at | |||||||||||||||||||||||
Close of Period | |||||||||||||||||||||||||||
Mortgage Loans: | |||||||||||||||||||||||||||
Borrower A | Seller financing | S. Weymouth, MA | 9 | % | Mar-31 | P & I | — | $ | 240 | $ | 228 | ||||||||||||||||
Borrower B | Seller financing | Horsham, PA | 10 | % | Jul-24 | P & I | — | 237 | 179 | ||||||||||||||||||
Borrower C | Seller financing | Green Island, NY | 11 | % | Aug-18 | P & I | — | 298 | 179 | ||||||||||||||||||
Borrower D | Seller financing | Uniondale, NY | 10 | % | Mar-15 | P & I | — | 180 | 33 | ||||||||||||||||||
Borrower E | Seller financing | Concord, NH | 9.5 | % | Aug-28 | P & I | — | 210 | 186 | ||||||||||||||||||
Borrower F | Seller financing | Irvington, NJ | 10 | % | Dec-19 | P & I | — | 300 | 216 | ||||||||||||||||||
Borrower G | Seller financing | Kernersville/Lexington, NC | 8 | % | Jul-26 | P & I | — | 568 | 455 | ||||||||||||||||||
Borrower H | Seller financing | Wantagh, NY | 9 | % | May-32 | P & I | — | 455 | 440 | ||||||||||||||||||
Borrower I | Seller financing | Fullerton Hts, MD | 9 | % | May-19 | P & I | — | 225 | 178 | ||||||||||||||||||
Borrower J | Seller financing | Ipswich, MA | 9.5 | % | Jun-19 | P & I | — | 200 | 195 | ||||||||||||||||||
Borrower K | Seller financing | Springfield, MA | 9 | % | Jul-19 | P & I | — | 131 | 128 | ||||||||||||||||||
Borrower L | Seller financing | E. Patchogue, NY | 9 | % | Aug-19 | P & I | — | 200 | 194 | ||||||||||||||||||
Borrower M | Seller financing | Manchester, NH | 9.5 | % | Sep-19 | P & I | — | 225 | 220 | ||||||||||||||||||
Borrower N | Seller financing | Union City, NJ | 9 | % | Sep-19 | P & I | — | 800 | 789 | ||||||||||||||||||
Borrower O | Seller financing | Worcester, MA | 9 | % | Oct-19 | P & I | — | 325 | 318 | ||||||||||||||||||
Borrower P | Seller financing | Dover, PA | 9 | % | Nov-17 | P & I | — | 210 | 206 | ||||||||||||||||||
Borrower Q | Seller financing | Bronx, NY | 9 | % | Dec-19 | P & I | — | 240 | 214 | ||||||||||||||||||
Borrower R | Seller financing | Seaford, NY | 9 | % | Jan-20 | P & I | — | 488 | 478 | ||||||||||||||||||
Borrower S | Seller financing | Spotswood, NJ | 9 | % | Jan-20 | P & I | — | 306 | 300 | ||||||||||||||||||
Borrower T | Seller financing | Clifton, NJ | 9 | % | Jan-20 | P & I | — | 284 | 279 | ||||||||||||||||||
Borrower U | Seller financing | Miller Place, NY | 9 | % | Jul-20 | P & I | — | 225 | 223 | ||||||||||||||||||
Borrower V | Seller financing | Freeport, NY | 9 | % | May-20 | P & I | — | 206 | 204 | ||||||||||||||||||
Borrower W | Seller financing | Pleasant Valley, NY | 9 | % | Oct-20 | P & I | — | 230 | 229 | ||||||||||||||||||
Borrower X | Seller financing | Fairhaven, MA | 9 | % | Oct-20 | P & I | — | 458 | 455 | ||||||||||||||||||
Borrower Y | Seller financing | Baldwin, NY | 9 | % | Oct-20 | P & I | — | 300 | 299 | ||||||||||||||||||
Borrower Z | Seller financing | Leicester, MA | 9 | % | Nov-20 | P & I | — | 268 | 267 | ||||||||||||||||||
Borrower AA | Seller financing | Worcester, MA | 9 | % | Nov-20 | P & I | — | 280 | 277 | ||||||||||||||||||
Borrower AB | Seller financing | Valley Cottage, NY | 9 | % | Nov-20 | P & I | — | 431 | 430 | ||||||||||||||||||
Borrower AC | Seller financing | Penndel, PA | 9 | % | Nov-20 | P & I | — | 118 | 117 | ||||||||||||||||||
Borrower AD | Seller financing | Ephrata, PA | 9 | % | Nov-20 | P & I | — | 265 | 264 | ||||||||||||||||||
Borrower AE | Seller financing | Piscataway, NJ | 9 | % | Dec-20 | P & I | — | 121 | 121 | ||||||||||||||||||
Borrower AF | Seller financing | Reiffton, PA | 9 | % | Dec-20 | P & I | — | 108 | 108 | ||||||||||||||||||
Borrower AG | Seller financing | Westfield, MA | 9 | % | Dec-20 | P & I | — | 165 | 165 | ||||||||||||||||||
Borrower AH | Seller financing | Kenmore, NY | 9 | % | Dec-20 | P & I | — | 200 | 200 | ||||||||||||||||||
Borrower AI | Seller financing | Wilmington, DE | 9 | % | Dec-20 | P & I | — | 84 | 84 | ||||||||||||||||||
Borrower AJ | Seller financing | Gettysburg, PA | 9 | % | Dec-20 | P & I | — | 69 | 69 | ||||||||||||||||||
Borrower AK | Seller financing | Marlborough, NY | 9 | % | Dec-20 | P & I | — | 214 | 214 | ||||||||||||||||||
Borrower AL | Seller financing | Kenmore, NY | 9 | % | Jan-21 | P & I | — | 74 | 74 | ||||||||||||||||||
Borrower AM | Seller financing | West Haverstraw, NY | 9 | % | Dec-20 | P & I | — | 352 | 351 | ||||||||||||||||||
Borrower AN | Seller financing | Weymouth, MA | 9 | % | Jan-21 | P & I | — | 390 | 390 | ||||||||||||||||||
Borrower AO | Seller financing | Oakhurst, NJ | 9 | % | Feb-21 | P & I | — | 250 | 250 | ||||||||||||||||||
Borrower AP | Seller financing | Stafford Springs, CT | 9 | % | Feb-21 | P & I | — | 232 | 232 | ||||||||||||||||||
Borrower AQ | Seller financing | Latham, NY | 9 | % | Feb-21 | P & I | — | 169 | 169 | ||||||||||||||||||
Borrower AR | Seller financing | Magnolia, NJ | 9 | % | May-20 | P & I | — | 53 | 52 | ||||||||||||||||||
Borrower AS | Seller financing | Colonia, NJ | 9 | % | Jun-20 | P & I | — | 320 | 318 | ||||||||||||||||||
Borrower AT | Seller financing | Jersey City, NJ | 9 | % | Jul-18 | P & I | — | 500 | 496 | ||||||||||||||||||
Borrower AU | Seller financing | Catskill, NY | 9 | % | Aug-18 | P & I | — | 200 | 198 | ||||||||||||||||||
Borrower AV | Seller financing | Elmont, NY | 9 | % | Feb-20 | P & I | — | 450 | 449 | ||||||||||||||||||
Borrower AW | Seller financing | Leola, PA | 9 | % | Mar-20 | P & I | — | 220 | 217 | ||||||||||||||||||
Borrower AX | Seller financing | Littz/Rothsville, PA | 9 | % | Mar-20 | P & I | — | 180 | 178 | ||||||||||||||||||
Borrower AY | Seller financing | Bayonne, NJ | 9 | % | Mar-20 | P & I | — | 308 | 303 | ||||||||||||||||||
Borrower AZ | Seller financing | Ridge, NY | 9 | % | Mar-20 | P & I | — | 413 | 402 | ||||||||||||||||||
Borrower BA | Seller financing | Lansdale, PA | 9 | % | Apr-20 | P & I | — | 207 | 205 | ||||||||||||||||||
Borrower BB | Seller financing | Ballston, NY | 9 | % | May-20 | P & I | — | 225 | 223 | ||||||||||||||||||
Borrower BC | Seller financing | Sharon Hill, PA | 9 | % | May-20 | P & I | — | 230 | 227 | ||||||||||||||||||
Borrower BD | Seller financing | Kenhorst, PA | 9 | % | May-20 | P & I | — | 200 | 198 | ||||||||||||||||||
14,837 | 14,073 | ||||||||||||||||||||||||||
Note receivable | |||||||||||||||||||||||||||
Purchase/leaseback | Various-NY | 9.5 | % | Jan-21 | I | (b) | 18,400 | 14,720 | |||||||||||||||||||
Total (c) | $ | 33,237 | $ | 28,793 | |||||||||||||||||||||||
(a) | P & I =rincipal and interest paid monthly. | ||||||||||||||||||||||||||
(b) | I =nterest only paid monthly with principal deferred. | ||||||||||||||||||||||||||
(c) | The aggregate cost for federal income tax purposes approximates the amount of principal unpaid. | ||||||||||||||||||||||||||
We review payment status to identify performing versus non-performing loans. Interest income on performing loans is accrued as earned. A non-performing loan is placed on non-accrual status when it is probable that the borrower may be unable to meet interest payments as they become due. Generally, loans 90 days or more past due are placed on non-accrual status unless there is sufficient collateral to assure collectability of principal and interest. Upon the designation of non-accrual status, all unpaid accrued interest is reserved against through current income. Interest income on non-performing loans is generally recognized on a cash basis. As of December 31, 2013, we had one loan aggregating $449,000 which was in default for nonpayment of principal and interest. We assessed this loan and determined that the estimated fair value of the underlying collateral exceeded the carrying value as of December 31, 2013. We have not recognized any impairment charges related to our loans. The summarized changes in the carrying amount of mortgage loans are as follows: | |||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||
Balance at January 1, | $ | 22,333 | $ | 18,638 | $ | 1,274 | |||||||||||||||||||||
Additions: | |||||||||||||||||||||||||||
New mortgage loans | 8,714 | 4,568 | 19,468 | ||||||||||||||||||||||||
Deductions: | |||||||||||||||||||||||||||
Loan repayments | (480 | ) | (300 | ) | (107 | ) | |||||||||||||||||||||
Collection of principal | (1,774 | ) | (573 | ) | (1,997 | ) | |||||||||||||||||||||
Balance at December 31, | $ | 28,793 | $ | 22,333 | $ | 18,638 | |||||||||||||||||||||
SUMMARY_OF_SIGNIFICANT_ACCOUNT1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Basis of Presentation | ' | ||||||||||||||||
Basis of Presentation: The consolidated financial statements include the accounts of Getty Realty Corp. and its wholly-owned subsidiaries. We are a real estate investment trust (“REIT”) specializing in the ownership, leasing and financing of retail motor fuel and convenience store properties. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). We do not distinguish our principal business or our operations on a geographical basis for purposes of measuring performance. Accordingly, we manage and evaluate our operations as a single segment. All significant intercompany accounts and transactions have been eliminated. | |||||||||||||||||
Use of Estimates, Judgments and Assumptions | ' | ||||||||||||||||
Use of Estimates, Judgments and Assumptions: The consolidated financial statements have been prepared in conformity with GAAP, which requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the period reported. Estimates, judgments and assumptions underlying the accompanying consolidated financial statements include, but are not limited to, receivables, deferred rent receivable, net investment in direct financing leases, environmental remediation costs, real estate, depreciation and amortization, impairment of long-lived assets, litigation, environmental remediation obligations, accrued liabilities, income taxes and the allocation of the purchase price of properties acquired to the assets acquired and liabilities assumed. Application of these estimates and assumptions requires exercise of judgment as to future uncertainties, and as a result, actual results could differ materially from these estimates. | |||||||||||||||||
Subsequent Events | ' | ||||||||||||||||
Subsequent Events: We evaluated subsequent events and transactions for potential recognition or disclosure in our consolidated financial statements. | |||||||||||||||||
Fair Value Hierarchy | ' | ||||||||||||||||
Fair Value Hierarchy: The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates of fair value that affect the reported amounts of assets and liabilities and disclosure of assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the period reported using a hierarchy (the “Fair Value Hierarchy”) that prioritizes the inputs to valuation techniques used to measure the fair value. The Fair Value Hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The levels of the Fair Value Hierarchy are as follows: “Level 1”-inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access at the measurement date; “Level 2”-inputs other than quoted prices that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active; and “Level 3”-inputs that are unobservable. Certain types of assets and liabilities are recorded at fair value either on a recurring or non-recurring basis. Assets required or elected to be marked-to-market and reported at fair value every reporting period are valued on a recurring basis. Other assets not required to be recorded at fair value every period may be recorded at fair value if a specific provision or other impairment is recorded within the period to mark the carrying value of the asset to market as of the reporting date. Such assets are valued on a non-recurring basis. | |||||||||||||||||
We had a receivable of $2,972,000 as of December 31, 2012, that was measured at fair value on a recurring basis using Level 3 inputs. Pursuant to the terms of the Litigation Funding Agreement (as defined below), in the third quarter of 2013, we received a payment of $25,096,000 related to this receivable. We elected to account for the advances, accrued interest and litigation reimbursements due to us pursuant to the Litigation Funding Agreement on a fair value basis. We used unobservable inputs based on comparable transactions when determining the fair value of the Litigation Funding Agreement. We concluded that the terms of the Litigation Funding Agreement are within a range of terms representing the market for such arrangements when considering the unique circumstances particular to the counterparties to such funding agreements. These inputs included the potential outcome of the litigation related to the Lukoil Complaint including the probability of the Marketing Estate prevailing in its lawsuit and the potential amount that may be recovered by the Marketing Estate from Lukoil (as such capitalized terms are defined below). We also applied a discount factor commensurate with the risk that the Marketing Estate may not prevail in its lawsuit. We considered that fair value is defined as an amount of consideration that would be exchanged between a willing buyer and seller. Please refer to note 2 of our accompanying consolidated financial statements for additional information regarding Marketing and the Master Lease. | |||||||||||||||||
We have mutual fund assets that are measured at fair value on a recurring basis using Level 1 inputs. We have a Supplemental Retirement Plan for executives and other senior management employees. The amounts held in trust under the Supplemental Retirement Plan may be used to satisfy claims of general creditors in the event of our or any of our subsidiaries’ bankruptcy. We have liability to the employees participating in the Supplemental Retirement Plan for the participant account balances equal to the aggregate of the amount invested at the employees’ direction and the income earned in such mutual funds. | |||||||||||||||||
We have certain real estate assets that are measured at fair value on a non-recurring basis using Level 3 inputs as of December 31, 2013 and 2012 of $9,590,000 and $4,967,000, respectively, where impairment charges have been recorded. Due to the subjectivity inherent in the internal valuation techniques used in estimating fair value, the amounts realized from the sale of such assets may vary significantly from these estimates. | |||||||||||||||||
The following summarizes as of December 31, 2013 our assets and liabilities measured at fair value on a recurring basis by level within the Fair Value Hierarchy: | |||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | |||||||||||||||||
Receivable | $ | — | $ | — | $ | — | $ | — | |||||||||
Mutual funds | $ | 3,275 | $ | — | $ | — | $ | 3,275 | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation | $ | — | $ | 3,275 | $ | — | $ | 3,275 | |||||||||
The following summarizes as of December 31, 2012 our assets and liabilities measured at fair value on a recurring basis by level within the Fair Value Hierarchy: | |||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | |||||||||||||||||
Receivable | $ | — | $ | — | $ | 2,972 | $ | 2,972 | |||||||||
Mutual funds | $ | 3,013 | $ | — | $ | — | $ | 3,013 | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation | $ | — | $ | 3,013 | $ | — | $ | 3,013 | |||||||||
Fair Value Disclosure of Financial Instruments | ' | ||||||||||||||||
Fair Value Disclosure of Financial Instruments: All of our financial instruments are reflected in the accompanying consolidated balance sheets at amounts which, in our estimation based upon an interpretation of available market information and valuation methodologies, reasonably approximate their fair values, except those separately disclosed in the notes to our consolidated financial statements. | |||||||||||||||||
Discontinued Operations and Assets Held-for-Sale | ' | ||||||||||||||||
Discontinued Operations and Assets Held-for-Sale: We report as discontinued operations 115 properties which meet the criteria to be accounted for as held for sale in accordance with GAAP as of the end of the current period and certain properties disposed of during the periods presented. All results of these discontinued operations are included in a separate component of income on the consolidated statements of operations under the caption Discontinued Operations. This has resulted in certain amounts related to discontinued operations in 2012 and 2011 being reclassified to conform to the 2013 presentation. | |||||||||||||||||
Real estate held for sale consisted of the following at December 31: | |||||||||||||||||
(in thousands) | December | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Land | $ | 15,586 | $ | 17,409 | |||||||||||||
Buildings and improvements | 15,138 | 17,768 | |||||||||||||||
30,724 | 35,177 | ||||||||||||||||
Accumulated depreciation and amortization | (7,740 | ) | (9,837 | ) | |||||||||||||
Real estate held for sale, net | $ | 22,984 | $ | 25,340 | |||||||||||||
The revenue from rental properties, impairment charges, other operating expenses and gains from dispositions/acquisition of real estate related to these properties are as follows: | |||||||||||||||||
Year ended December 31, | |||||||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||||||
Revenues from rental properties | $ | 4,939 | $ | 11,898 | $ | 19,388 | |||||||||||
Impairment charges | (10,129 | ) | (8,809 | ) | (7,511 | ) | |||||||||||
Other operating expenses | 2,029 | (11,035 | ) | (9,257 | ) | ||||||||||||
Earnings (loss) from operating activities | (3,161 | ) | (7,946 | ) | 2,620 | ||||||||||||
Gains from dispositions/acquisition of real estate | 45,505 | 6,880 | 948 | ||||||||||||||
Earnings (loss) from discontinued operations | $ | 42,344 | $ | (1,066 | ) | $ | 3,568 | ||||||||||
Real Estate | ' | ||||||||||||||||
Real Estate: Real estate assets are stated at cost less accumulated depreciation and amortization. Upon acquisition of real estate and leasehold interests, we estimate the fair value of acquired tangible assets (consisting of land, buildings and improvements) “as if vacant” and identified intangible assets and liabilities (consisting of leasehold interests, above-market and below-market leases, in-place leases and tenant relationships) and assumed debt. Based on these estimates, we allocate the estimated fair value to the applicable assets and liabilities. Fair value is determined based on an exit price approach, which contemplates the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We expense transaction costs associated with business combinations in the period incurred. When real estate assets are sold or retired, the cost and related accumulated depreciation and amortization is eliminated from the respective accounts and any gain or loss is credited or charged to income. We evaluate real estate sale transactions where we provide seller financing to determine sale and gain recognition in accordance with GAAP. Expenditures for maintenance and repairs are charged to income when incurred. (See note 10 for additional information regarding property acquisitions.) | |||||||||||||||||
Depreciation and Amortization | ' | ||||||||||||||||
Depreciation and Amortization: Depreciation of real estate is computed on the straight-line method based upon the estimated useful lives of the assets, which generally range from 16 to 25 years for buildings and improvements, or the term of the lease if shorter. Asset retirement costs are depreciated over the remaining useful lives of underground storage tanks (“UST” or “USTs”) or 10 years for asset retirement costs related to environmental remediation obligations, which costs are attributable to the group of assets identified at a property. Leasehold interests and in-place leases are amortized over the remaining term of the underlying lease. | |||||||||||||||||
Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of | ' | ||||||||||||||||
Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of: Assets are written down to fair value when events and circumstances indicate that the assets might be impaired and the projected undiscounted cash flows estimated to be generated by those assets are less than the carrying amount of those assets. We review and adjust as necessary our depreciation estimates and method when long-lived assets are tested for recoverability. Assets held for disposal are written down to fair value less estimated disposition costs. | |||||||||||||||||
We recorded non-cash impairment charges aggregating $13,425,000 and $13,942,000 for the years ended December 31, 2013 and 2012, respectively, in continuing operations and in discontinued operations. We record non-cash impairment charges and reduce the carrying amount of properties held for use to fair value where the carrying amount of the property exceeds the projected undiscounted cash flows expected to be received during the assumed holding period which includes the estimated sales value expected to be received at disposition. We record non-cash impairment charges and reduce the carrying amount of properties held for sale to fair value less disposal costs. The non-cash impairment charges recorded during the years ended December 31, 2013 and 2012 were attributable to reductions in the assumed holding period used to test for impairment, reductions in our estimates of value for properties held for sale and the accumulation of asset retirement costs as a result of increases in estimated environmental liabilities which increased the carrying value of certain properties in excess of their fair value. The estimated fair value of real estate is based on the price that would be received from the sale of the property in an orderly transaction between market participants at the measurement date. The internal valuation techniques that we used included discounted cash flow analysis, an income capitalization approach on prevailing or earnings multiples applied to earnings from the property, analysis of recent comparable lease and sales transactions, actual leasing or sale negotiations, bona fide purchase offers received from third-parties and/or consideration of the amount that currently would be required to replace the asset, as adjusted for obsolescence. In general, we consider multiple internal valuation techniques when measuring the fair value of a property, all of which are based on unobservable inputs and assumptions that are classified within Level 3 of the Fair Value Hierarchy. These unobservable inputs include assumed holding periods ranging up to 15 years, assumed average rent increases ranging up to 2.0% annually, income capitalized at a rate of 8.0% and cash flows discounted at a rate of 7.0%. These assessments have a direct impact on our net income because recording an impairment loss results in an immediate negative adjustment to net income. The evaluation of anticipated cash flows is highly subjective and is based in part on assumptions regarding future rental rates and operating expenses that could differ materially from actual results in future periods. Where properties held for use have been identified as having a potential for sale, additional judgments are required related to the determination as to the appropriate period over which the projected undiscounted cash flows should include the operating cash flows and the amount included as the estimated residual value. This requires significant judgment. In some cases, the results of whether impairment is indicated are sensitive to changes in assumptions input into the estimates, including the holding period until expected sale. | |||||||||||||||||
Cash and Cash Equivalents | ' | ||||||||||||||||
Cash and Cash Equivalents: We consider highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. | |||||||||||||||||
Restricted Cash | ' | ||||||||||||||||
Restricted Cash: Restricted cash consists of cash that is contractually restricted or held in escrow pursuant to various agreements with counterparties. At December 31, 2013, restricted cash of $1,000,000 consists of an escrow account established in conjunction with the sale of one of our terminal properties. | |||||||||||||||||
Notes and Mortgages Receivable | ' | ||||||||||||||||
Notes and Mortgages Receivable: Notes and mortgages receivable consists of loans originated by us in conjunction with property dispositions and funding provided to tenants in conjunction with property acquisitions. Notes and mortgages receivable are recorded at stated principal amounts. We evaluate the collectability of both interest and principal on each loan to determine whether it is impaired. A loan is considered to be impaired when, based upon current information and events, it is probable that we will be unable to collect all amounts due under the existing contractual terms. When a loan is considered to be impaired, the amount of loss is calculated by comparing the recorded investment to the fair value determined by discounting the expected future cash flows at the loan’s effective interest rate or to the fair value of the underlying collateral if the loan is collateralized. Interest income on performing loans is accrued as earned. Interest income on impaired loans is recognized on a cash basis. We do not provide for an additional allowance for loan losses based on the grouping of loans as we believe the characteristics of the loans are not sufficiently similar to allow an evaluation of these loans as a group for a possible loan loss allowance. As such, all of our loans are evaluated individually for impairment purposes. | |||||||||||||||||
Deferred Rent Receivable and Revenue Recognition | ' | ||||||||||||||||
Deferred Rent Receivable and Revenue Recognition: We earn rental income under operating and direct financing leases with tenants. Minimum lease payments from operating leases are recognized on a straight-line basis over the term of the leases. The cumulative difference between lease revenue recognized under this method and the contractual lease payment terms is recorded as deferred rent receivable on our consolidated balance sheets. We provide reserves for a portion of the recorded deferred rent receivable if circumstances indicate that it is not reasonable to assume that the tenant will make all of its contractual lease payments when due during the current term of the lease. We make estimates of the collectability of our accounts receivable related to revenue from rental properties. We analyze accounts receivable and historical bad debt levels, customer creditworthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. Additionally, with respect to tenants in bankruptcy, we estimate the expected recovery through bankruptcy claims and increase the allowance for amounts deemed uncollectible. If our assumptions regarding the collectability of accounts receivable prove incorrect, we could experience write-offs of the accounts receivable or deferred rent receivable in excess of our allowance for doubtful accounts. Lease termination fees are recognized as rental income when earned upon the termination of a tenant’s lease and relinquishment of space in which we have no further obligation to the tenant. The present value of the difference between the fair market rent and the contractual rent for above-market and below-market leases at the time properties are acquired is amortized into revenue from rental properties over the remaining lives of the in-place leases. | |||||||||||||||||
Direct Financing Leases | ' | ||||||||||||||||
Direct Financing Leases: Income under direct financing leases is included in revenues from rental properties and is recognized over the lease terms using the effective interest rate method which produces a constant periodic rate of return on the net investments in the leased properties. Net investment in direct financing leases represents the investments in leased assets accounted for as direct financing leases. The investments in direct financing leases are increased for interest income earned and amortized over the life of the leases and reduced by the receipt of lease payments. | |||||||||||||||||
Environmental Remediation Obligations | ' | ||||||||||||||||
Environmental Remediation Obligations: The estimated future costs for known environmental remediation requirements are accrued when it is probable that a liability has been incurred, including legal obligations associated with the retirement of tangible long-lived assets if the asset retirement obligation results from the normal operation of those assets and a reasonable estimate of fair value can be made. Environmental remediation obligations are estimated based on the level and impact of contamination at each property. The accrued liability is the aggregate of the best estimate of the fair value of cost for each component of the liability. The accrued liability is net of recoveries of environmental costs from state underground storage tank (“UST” or “USTs”) remediation funds, with respect to both past and future environmental spending based on estimated recovery rates developed from prior experience with the funds. Net environmental liabilities are currently measured based on their expected future cash flows which have been adjusted for inflation and discounted to present value. We accrue for environmental liabilities that we believe are allocable to other potentially responsible parties if it becomes probable that the other parties will not pay their environmental remediation obligations. | |||||||||||||||||
Litigation | ' | ||||||||||||||||
Litigation: Legal fees related to litigation are expensed as legal services are performed. We provide for litigation reserves, including certain litigation related to environmental matters, when it is probable that a liability has been incurred and a reasonable estimate of the liability can be made. If the estimate of the liability can only be identified as a range, and no amount within the range is a better estimate than any other amount, the minimum of the range is accrued for the liability. We accrue our share of environmental liabilities based on our assumptions of the ultimate allocation method and share that will be used when determining our share of responsibility. | |||||||||||||||||
Income Taxes | ' | ||||||||||||||||
Income Taxes: We and our subsidiaries file a consolidated federal income tax return. Effective January 1, 2001, we elected to qualify, and believe we are operating so as to qualify, as a REIT for federal income tax purposes. Accordingly, we generally will not be subject to federal income tax on qualifying REIT income, provided that distributions to our shareholders equal at least the amount of our taxable income as defined under the Internal Revenue Code. We accrue for uncertain tax matters when appropriate. The accrual for uncertain tax positions is adjusted as circumstances change and as the uncertainties become more clearly defined, such as when audits are settled or exposures expire. Although tax returns for the years 2010, 2011 and 2012, and tax returns which will be filed for the year ended 2013, remain open to examination by federal and state tax jurisdictions under the respective statute of limitations, except as noted in the following paragraph, we have not currently identified any uncertain tax positions related to those years and, accordingly, have not accrued for uncertain tax positions as of December 31, 2013 or 2012. | |||||||||||||||||
In the third quarter of 2013, we submitted to the Internal Revenue Service (“IRS”) a request seeking a ruling that a portion of the payments we received from the Marketing Estate, including amounts related to the Litigation Funding Agreement (see note 2 for additional information regarding the Lukoil Settlement and the Litigation Funding Agreement), be treated either as qualifying income or excluded from gross income for the purposes of the REIT qualification gross income tests either as a matter of law or pursuant to the discretionary authority granted by Congress to the IRS to determine whether certain types of income are an outgrowth of a REIT’s business of owning and operating real estate. In January 2014, we received a favorable ruling from the IRS indicating that a portion of the payments received from the Marketing Estate will be treated as qualifying income and the remainder will be excluded from gross income for the purposes of the REIT qualification gross income tests. Therefore, none of the cash flow received from the Marketing Estate, including amounts related to the Litigation Funding Agreement, will be treated as non-qualifying income for purposes of the REIT qualification gross income tests. | |||||||||||||||||
Interest Expense and Interest Rate Swap Agreement | ' | ||||||||||||||||
Interest Expense and Interest Rate Swap Agreement: In April 2006 we entered into a $45,000,000 LIBOR based interest rate swap agreement with JPMorgan Chase Bank, N.A. as the counterparty, effective through June 30, 2011 (the “Swap Agreement”). The Swap Agreement was intended to effectively fix, at 5.44%, the LIBOR component of the interest rate determined under our LIBOR based loan agreements. We entered into the Swap Agreement, designated and qualifying as a cash flow hedge, to reduce our exposure to the variability in future cash flows attributable to changes in the LIBOR rate. Our primary objective when undertaking the hedging transaction and derivative position was to reduce our variable interest rate risk by effectively fixing a portion of the interest rate for existing debt and anticipated refinancing transactions. We determined that the derivative used in the hedging transaction was highly effective in offsetting changes in cash flows associated with the hedged item and that no gain or loss was required to be recognized in earnings during the year ended December 31, 2011 representing the hedge’s ineffectiveness. We have not entered into financial instruments for trading or speculative purposes. | |||||||||||||||||
The fair values of the Swap Agreement obligation were determined using (i) discounted cash flow analyses on the expected cash flows of the Swap Agreement, which were based on market data obtained from sources independent of us consisting of interest rates and yield curves that are observable at commonly quoted intervals and are defined by GAAP as Level 2 inputs in the Fair Value Hierarchy, and (ii) credit valuation adjustments, which were based on unobservable Level 3 inputs. We classified our valuations of the Swap Agreement entirely within Level 2 of the Fair Value Hierarchy since the credit valuation adjustments were not significant to the overall valuations of the Swap Agreement. Changes in the fair value of the Swap Agreement were included in the consolidated statements of comprehensive income and would have been recorded in the consolidated statements of operations if the Swap Agreement was not an effective cash flow hedge for accounting purposes. | |||||||||||||||||
Earnings per Common Share | ' | ||||||||||||||||
Earnings per Common Share: Basic earnings per common share gives effect, utilizing the two-class method, to the potential dilution from the issuance of common shares in settlement of restricted stock units (“RSU” or “RSUs”) which provide for non-forfeitable dividend equivalents equal to the dividends declared per common share. Basic earnings per common share is computed by dividing net earnings less dividend equivalents attributable to RSUs by the weighted-average number of common shares outstanding during the year. Diluted earnings per common share, also gives effect to the potential dilution from the exercise of stock options utilizing the treasury stock method. | |||||||||||||||||
Year ended December 31, | |||||||||||||||||
(in thousands): | 2013 | 2012 | 2011 | ||||||||||||||
Earnings from continuing operations | $ | 27,667 | $ | 13,513 | $ | 8,888 | |||||||||||
Less dividend equivalents attributable to RSUs outstanding | (252 | ) | (87 | ) | (235 | ) | |||||||||||
Earnings from continuing operations attributable to common shareholders | 27,415 | 13,426 | 8,653 | ||||||||||||||
Earnings (loss) from discontinued operations | 42,344 | (1,066 | ) | 3,568 | |||||||||||||
Less dividend equivalents attributable to RSUs outstanding | (392 | ) | (47 | ) | (14 | ) | |||||||||||
Earnings (loss) from discontinued operations attributable to common shareholders | 41,952 | (1,113 | ) | 3,554 | |||||||||||||
Net earnings attributable to common shareholders used for basic and diluted earnings per share calculation | $ | 69,367 | $ | 12,313 | $ | 12,207 | |||||||||||
Weighted-average number of common shares outstanding: | |||||||||||||||||
Basic | 33,397 | 33,395 | 33,171 | ||||||||||||||
Stock options | — | — | 1 | ||||||||||||||
Diluted | 33,397 | 33,395 | 33,172 | ||||||||||||||
RSUs outstanding at the end of the period | 296 | 216 | 171 | ||||||||||||||
Stock-Based Compensation | ' | ||||||||||||||||
Stock-Based Compensation: Compensation cost for our stock-based compensation plans using the fair value method was $971,000, $757,000 and $643,000 for the years ended December 31, 2013, 2012 and 2011, respectively, and is included in general and administrative expense in the accompanying consolidated statements of operations. | |||||||||||||||||
Reclassifications | ' | ||||||||||||||||
Reclassifications: Certain amounts related to discontinued operations for 2012 and 2011 have been reclassified to conform to the 2013 presentation. | |||||||||||||||||
Revisions | ' | ||||||||||||||||
Revisions: As discussed in note 9, we revised our quarterly statements of operations for the quarters ended March 31, June 30 and September 30, 2013 to recognize $222,000, $571,000 and $933,000 of rental property expenses as from continuing operations. These expenses were previously inappropriately recognized as discontinued operations. | |||||||||||||||||
New Accounting Pronouncement | ' | ||||||||||||||||
New Accounting Pronouncement: There are currently no recently issued accounting pronouncements that are expected to have a material effect on our financial condition or results of operations in future periods. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||
The following summarizes as of December 31, 2013 our assets and liabilities measured at fair value on a recurring basis by level within the Fair Value Hierarchy: | |||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | |||||||||||||||||
Receivable | $ | — | $ | — | $ | — | $ | — | |||||||||
Mutual funds | $ | 3,275 | $ | — | $ | — | $ | 3,275 | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation | $ | — | $ | 3,275 | $ | — | $ | 3,275 | |||||||||
The following summarizes as of December 31, 2012 our assets and liabilities measured at fair value on a recurring basis by level within the Fair Value Hierarchy: | |||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | |||||||||||||||||
Receivable | $ | — | $ | — | $ | 2,972 | $ | 2,972 | |||||||||
Mutual funds | $ | 3,013 | $ | — | $ | — | $ | 3,013 | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation | $ | — | $ | 3,013 | $ | — | $ | 3,013 | |||||||||
Schedule of Real Estate Held for Sale | ' | ||||||||||||||||
Real estate held for sale consisted of the following at December 31: | |||||||||||||||||
(in thousands) | December | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Land | $ | 15,586 | $ | 17,409 | |||||||||||||
Buildings and improvements | 15,138 | 17,768 | |||||||||||||||
30,724 | 35,177 | ||||||||||||||||
Accumulated depreciation and amortization | (7,740 | ) | (9,837 | ) | |||||||||||||
Real estate held for sale, net | $ | 22,984 | $ | 25,340 | |||||||||||||
Schedule of Earnings (Loss) from Discontinued Operations | ' | ||||||||||||||||
The revenue from rental properties, impairment charges, other operating expenses and gains from dispositions/acquisition of real estate related to these properties are as follows: | |||||||||||||||||
Year ended December 31, | |||||||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||||||
Revenues from rental properties | $ | 4,939 | $ | 11,898 | $ | 19,388 | |||||||||||
Impairment charges | (10,129 | ) | (8,809 | ) | (7,511 | ) | |||||||||||
Other operating expenses | 2,029 | (11,035 | ) | (9,257 | ) | ||||||||||||
Earnings (loss) from operating activities | (3,161 | ) | (7,946 | ) | 2,620 | ||||||||||||
Gains from dispositions/acquisition of real estate | 45,505 | 6,880 | 948 | ||||||||||||||
Earnings (loss) from discontinued operations | $ | 42,344 | $ | (1,066 | ) | $ | 3,568 | ||||||||||
Schedule of Earnings Per Share | ' | ||||||||||||||||
Diluted earnings per common share, also gives effect to the potential dilution from the exercise of stock options utilizing the treasury stock method. | |||||||||||||||||
Year ended December 31, | |||||||||||||||||
(in thousands): | 2013 | 2012 | 2011 | ||||||||||||||
Earnings from continuing operations | $ | 27,667 | $ | 13,513 | $ | 8,888 | |||||||||||
Less dividend equivalents attributable to RSUs outstanding | (252 | ) | (87 | ) | (235 | ) | |||||||||||
Earnings from continuing operations attributable to common shareholders | 27,415 | 13,426 | 8,653 | ||||||||||||||
Earnings (loss) from discontinued operations | 42,344 | (1,066 | ) | 3,568 | |||||||||||||
Less dividend equivalents attributable to RSUs outstanding | (392 | ) | (47 | ) | (14 | ) | |||||||||||
Earnings (loss) from discontinued operations attributable to common shareholders | 41,952 | (1,113 | ) | 3,554 | |||||||||||||
Net earnings attributable to common shareholders used for basic and diluted earnings per share calculation | $ | 69,367 | $ | 12,313 | $ | 12,207 | |||||||||||
Weighted-average number of common shares outstanding: | |||||||||||||||||
Basic | 33,397 | 33,395 | 33,171 | ||||||||||||||
Stock options | — | — | 1 | ||||||||||||||
Diluted | 33,397 | 33,395 | 33,172 | ||||||||||||||
RSUs outstanding at the end of the period | 296 | 216 | 171 | ||||||||||||||
LEASES_Tables
LEASES (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Future Contractual Minimum Annual Rentals Receivable | ' | ||||||||||||
Future contractual minimum annual rentals receivable from our tenants, which have terms in excess of one year as of December 31, 2013, are as follows (in thousands): | |||||||||||||
YEAR ENDING | OPERATING LEASES | DIRECT | TOTAL(a) | ||||||||||
DECEMBER 31, | FINANCING | ||||||||||||
LEASES | |||||||||||||
2014 | $ | 70,577 | $ | 11,945 | $ | 82,522 | |||||||
2015 | 68,195 | 12,121 | 80,316 | ||||||||||
2016 | 68,642 | 12,308 | 80,950 | ||||||||||
2017 | 68,103 | 12,622 | 80,725 | ||||||||||
2018 | 67,080 | 12,872 | 79,952 | ||||||||||
Thereafter | 506,281 | 141,570 | 647,851 | ||||||||||
(a) | Includes $85,524,000 of future minimum annual rentals receivable under subleases. | ||||||||||||
CPD NY and NECG [Member] | ' | ||||||||||||
Summary of Selected Financial Data | ' | ||||||||||||
The selected combined audited financial data of CPD NY (from inception on January 13, 2011) and NECG (from inception on May 1, 2012), which has been prepared by Chestnut Petroleum Dist. Inc.’s management, is provided below. | |||||||||||||
(in thousands) | |||||||||||||
Operating Data: | |||||||||||||
Year ended | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Total revenue | $ | 451,145 | $ | 424,519 | $ | 385,406 | |||||||
Gross profit | 28,721 | 26,616 | 25,764 | ||||||||||
Net income | 229 | 1,968 | 9,111 | ||||||||||
Balance Sheet Data: | |||||||||||||
December 31, | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
Current assets | $ | 10,944 | $ | 12,942 | |||||||||
Noncurrent assets | 28,852 | 23,405 | |||||||||||
Current liabilities | 13,985 | 5,107 | |||||||||||
Noncurrent liabilities | 16,043 | 21,641 |
SHAREHOLDERS_EQUITY_Tables
SHAREHOLDERS' EQUITY (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
Summary of Changes in Shareholders' Equity | ' | ||||||||||||||||||||||||
A summary of the changes in shareholders’ equity for the years ended December 31, 2013, 2012 and 2011 is as follows (in thousands, except per share amounts): | |||||||||||||||||||||||||
COMMON STOCK | PAID-IN | DIVIDEND | ACCUMULATED | ||||||||||||||||||||||
PAID | OTHER | ||||||||||||||||||||||||
IN EXCESS | COMPREHENSIVE | ||||||||||||||||||||||||
SHARES | AMOUNT | CAPITAL | OF EARNINGS | LOSS | TOTAL | ||||||||||||||||||||
BALANCE, DECEMBER 31, 2010 | 29,944 | $ | 299 | $ | 368,093 | $ | (52,304 | ) | $ | (1,153 | ) | $ | 314,935 | ||||||||||||
Net earnings | 12,456 | 12,456 | |||||||||||||||||||||||
Dividends — $1.46 per share | (49,004 | ) | (49,004 | ) | |||||||||||||||||||||
Stock-based compensation | 643 | 643 | |||||||||||||||||||||||
Stock options exercised | — | ||||||||||||||||||||||||
Proceeds from issuance of common stock | 3,450 | 35 | 91,951 | 91,986 | |||||||||||||||||||||
Net unrealized gain on interest rate swap | 1,153 | 1,153 | |||||||||||||||||||||||
BALANCE, DECEMBER 31, 2011 | 33,394 | 334 | 460,687 | (88,852 | ) | — | 372,169 | ||||||||||||||||||
Net earnings | 12,447 | 12,447 | |||||||||||||||||||||||
Dividends — $0.375 per share | (12,606 | ) | (12,606 | ) | |||||||||||||||||||||
Stock-based compensation | 3 | 739 | 739 | ||||||||||||||||||||||
BALANCE, DECEMBER 31, 2012 | 33,397 | 334 | 461,426 | (89,011 | ) | 372,749 | |||||||||||||||||||
Net earnings | 70,011 | 70,011 | |||||||||||||||||||||||
Dividends — $0.850 per share | (28,640 | ) | (28,640 | ) | |||||||||||||||||||||
Stock-based compensation | — | — | 971 | — | — | 971 | |||||||||||||||||||
BALANCE, DECEMBER 31, 2013 | 33,397 | $ | 334 | $ | 462,397 | $ | (47,640 | ) | $ | — | $ | 415,091 | |||||||||||||
EMPLOYEE_BENEFIT_PLANS_Tables
EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||
Schedule of Activity Relating to Restricted Stock Units Outstanding | ' | ||||||||||||
The following is a schedule of the activity relating to RSUs outstanding: | |||||||||||||
NUMBER OF | FAIR VALUE | ||||||||||||
RSUs | |||||||||||||
OUTSTANDING | AMOUNT | AVERAGE | |||||||||||
PER RSU | |||||||||||||
RSUs OUTSTANDING AT DECEMBER 31, 2010 | 123,200 | ||||||||||||
Granted | 47,625 | $ | 1,043,000 | $ | 21.9 | ||||||||
RSUs OUTSTANDING AT DECEMBER 31, 2011 | 170,825 | ||||||||||||
Granted | 52,125 | $ | 864,000 | $ | 16.57 | ||||||||
Settled | (2,780 | ) | $ | 70,000 | $ | 25.31 | |||||||
Cancelled | (3,820 | ) | $ | 88,000 | $ | 23.1 | |||||||
RSUs OUTSTANDING AT DECEMBER 31, 2012 | 216,350 | ||||||||||||
Granted | 79,500 | $ | 1,439,110 | $ | 18.1 | ||||||||
RSUs OUTSTANDING AT DECEMBER 31, 2013 | 295,850 | ||||||||||||
Schedule of Vesting Activity Relating to Restricted Stock Units Outstanding | ' | ||||||||||||
The following is a schedule of the vesting activity relating to RSUs outstanding: | |||||||||||||
NUMBER | FAIR | ||||||||||||
OF RSUs | VALUE | ||||||||||||
VESTED | |||||||||||||
RSUs VESTED AT DECEMBER 31, 2010 | 45,400 | ||||||||||||
Vested | 21,400 | $ | 505,000 | ||||||||||
RSUs VESTED AT DECEMBER 31, 2011 | 66,800 | ||||||||||||
Vested | 29,205 | $ | 734,000 | ||||||||||
Settled | (2,780 | ) | $ | 70,000 | |||||||||
RSUs VESTED AT DECEMBER 31, 2012 | 93,225 | ||||||||||||
Vested | 42,910 | $ | 844,000 | ||||||||||
RSUs VESTED AT DECEMBER 31, 2013 | 136,135 | ||||||||||||
QUARTERLY_FINANCIAL_DATA_Table
QUARTERLY FINANCIAL DATA (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Summary of Quarterly Results of Operations | ' | ||||||||||||||||
The following is a summary of the quarterly results of operations (as reported and as revised) for the years ended December 31, 2013 and 2012 (unaudited as to quarterly information) (in thousands, except per share amounts): | |||||||||||||||||
THREE MONTHS ENDED | |||||||||||||||||
YEAR ENDED DECEMBER 31, 2013(a) | MARCH 31 | JUNE 30, | SEPTEMBER 30, | DECEMBER 31, | |||||||||||||
(as reported) | (as reported) | (as reported) | |||||||||||||||
Revenues from rental properties | $ | 22,357 | $ | 23,232 | $ | 28,007 | $ | 25,470 | |||||||||
Earnings from continuing operations | 5,523 | 7,413 | 14,695 | 1,762 | |||||||||||||
Net earnings | 10,350 | 12,739 | 41,877 | 5,045 | |||||||||||||
Diluted earnings per common share: | |||||||||||||||||
Earnings from continuing operations | 0.16 | 0.22 | 0.44 | 0.05 | |||||||||||||
Net earnings | 0.31 | 0.38 | 1.25 | 0.15 | |||||||||||||
THREE MONTHS ENDED | |||||||||||||||||
YEAR ENDED DECEMBER 31, 2013(a) | MARCH 31 | JUNE 30, | SEPTEMBER 30, | DECEMBER 31, | |||||||||||||
(as revised) | (as revised) | (as revised) | |||||||||||||||
Revenues from rental properties | $ | 22,357 | $ | 23,232 | $ | 28,007 | $ | 25,470 | |||||||||
Earnings from continuing operations(b) | 5,301 | 6,842 | 13,762 | 1,762 | |||||||||||||
Net earnings | 10,350 | 12,739 | 41,877 | 5,045 | |||||||||||||
Diluted earnings per common share: | |||||||||||||||||
Earnings from continuing operations | 0.16 | 0.2 | 0.41 | 0.05 | |||||||||||||
Net earnings | 0.31 | 0.38 | 1.25 | 0.15 | |||||||||||||
YEAR ENDED DECEMBER 31, 2012(c) | MARCH 31, | JUNE 30, | SEPTEMBER 30, | DECEMBER 31, | |||||||||||||
Revenues from rental properties | $ | 25,487 | $ | 23,819 | $ | 21,172 | $ | 22,395 | |||||||||
Earnings from continuing operations | 5,004 | 1,785 | 2,717 | 4,007 | |||||||||||||
Net earnings (loss) | 6,485 | 3,626 | (3,465 | ) | 5,801 | ||||||||||||
Diluted earnings (loss) per common share: | |||||||||||||||||
Earnings from continuing operations | 0.16 | 0.07 | 0.05 | 0.13 | |||||||||||||
Net earnings (loss) | 0.19 | 0.11 | (.10 | ) | 0.17 | ||||||||||||
(a) | Includes for the respective periods the effect of: | ||||||||||||||||
• | Revenue (from the date of the acquisition) related to our $72,500,000 acquisition of 16 Mobil-branded gasoline station and convenience store properties in the metro New York region and 20 Exxon- and Shell-branded gasoline station and convenience store properties located within the Washington, D.C. “Beltway” in two sale/leaseback transactions with subsidiaries of Capitol Petroleum Group, LLC. | ||||||||||||||||
• | $3,126,000 of additional income, which was received as a result of the Lukoil Settlement. | ||||||||||||||||
• | A $20,854,000 net credit for bad debt expense primarily related to receiving funds from the Marketing Estate and the Litigation Funding Agreement. (See note 2 for additional information.) | ||||||||||||||||
• | Impairment charges of $13,425,000 recorded for the year ended December 31, 2013, of which $5,708,000 was recorded in the quarter ended December 31, 2013. (See note 1 for additional information.) | ||||||||||||||||
• | A non-cash allowance for deferred rent receivable of $4,775,000 for the year ended December 31, 2013. | ||||||||||||||||
(b) | Earnings from continuing operations are approximately $222,000, $571,000 and $933,000 lower than the amounts previously reported in our Form 10-Q for the quarterly periods ended March 31, June 30 and September 30, 2013, respectively, with corresponding increases to earnings from discontinued operations. | ||||||||||||||||
(c) | Includes for the respective periods the effect of: | ||||||||||||||||
• | An accounts receivable reserve of $13,980,000, related to Marketing, recorded in the year ended December 31, 2012, net of a partial reversal of $1,781,000 recorded in the quarter ended December 31, 2012. (See note 2 for additional information.) | ||||||||||||||||
• | Impairment charges of $13,942,000 recorded for the year ended December 31, 2012, of which $3,390,000 was recorded in the quarter ended December 31, 2012. (See note 1 for additional information.) |
PROPERTY_ACQUISITIONS_Tables
PROPERTY ACQUISITIONS (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||
Schedule of Amortization for Acquired Intangible Assets | ' | ||||||||||||
The amortization for acquired intangible assets during the next five years and thereafter, assuming no early lease terminations, is as follows: | |||||||||||||
Above-Market | Below-Market | In-Place | |||||||||||
As Lessor: | Leases | Leases | Leases | ||||||||||
Year ending December 31, | |||||||||||||
2014 | $ | 159,000 | $ | 1,114,000 | $ | 472,000 | |||||||
2015 | 155,000 | 1,056,000 | 450,000 | ||||||||||
2016 | 155,000 | 1,037,000 | 444,000 | ||||||||||
2017 | 142,000 | 973,000 | 430,000 | ||||||||||
2018 | 40,000 | 918,000 | 403,000 | ||||||||||
Thereafter | 50,000 | 3,587,000 | 2,970,000 | ||||||||||
$ | 701,000 | $ | 8,685,000 | $ | 5,169,000 | ||||||||
Below-Market | |||||||||||||
As Lessee: | Leases | ||||||||||||
Year ending December 31, | |||||||||||||
2014 | $ | 333,000 | |||||||||||
2015 | 333,000 | ||||||||||||
2016 | 333,000 | ||||||||||||
2017 | 320,000 | ||||||||||||
2018 | 317,000 | ||||||||||||
Thereafter | 1,447,000 | ||||||||||||
$ | 3,083,000 | ||||||||||||
Pro Forma Condensed Financial Information | ' | ||||||||||||
The unaudited pro forma condensed financial information is not indicative of the results of operations that would have been achieved had the acquisitions herein been consummated on the dates indicated or that will be achieved in the future. | |||||||||||||
Year ended December 31, | |||||||||||||
(in thousands, except per share amounts): | 2013 | 2012 | 2011 | ||||||||||
Revenues | $ | 104,710 | $ | 102,086 | $ | 102,322 | |||||||
Net earnings | $ | 71,277 | $ | 15,792 | $ | 17,991 | |||||||
Basic and diluted net earnings per common share | $ | 2.11 | $ | 0.47 | $ | 0.54 |
SUPPLEMENTAL_CONDENSED_COMBINI1
SUPPLEMENTAL CONDENSED COMBINING FINANCIAL INFORMATION (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Supplemental Condensed Combining Financial Information [Abstract] | ' | ||||||||||||||||
Supplemental Condensed Combining Statement of Operations | ' | ||||||||||||||||
The condensed combining statement of operations of Getty Realty Corp. for the year ended December 31, 2011 is as follows (in thousands): | |||||||||||||||||
Getty | Other | Corporate | Consolidated | ||||||||||||||
Petroleum | Tenants | ||||||||||||||||
Marketing | |||||||||||||||||
Revenues from rental properties | $ | 42,953 | $ | 48,100 | $ | — | $ | 91,053 | |||||||||
Interest on notes and mortgages receivable | — | 2,489 | 169 | 2,658 | |||||||||||||
Total revenues | 42,953 | 50,589 | 169 | 93,711 | |||||||||||||
Operating expenses: | |||||||||||||||||
Rental property expenses | (7,602 | ) | (7,271 | ) | (641 | ) | (15,514 | ) | |||||||||
Impairment charges | (11,452 | ) | (1,263 | ) | — | (12,715 | ) | ||||||||||
Environmental expenses | (5,240 | ) | (122 | ) | — | (5,362 | ) | ||||||||||
General and administrative expenses | (7,815 | ) | (1,783 | ) | (11,383 | ) | (20,981 | ) | |||||||||
Allowance for deferred rent receivable | (16,529 | ) | — | — | (16,529 | ) | |||||||||||
Depreciation and amortization expense | (3,336 | ) | (5,231 | ) | (46 | ) | (8,613 | ) | |||||||||
Total operating expenses | (51,974 | ) | (15,670 | ) | (12,070 | ) | (79,714 | ) | |||||||||
Operating income (loss) | (9,021 | ) | 34,919 | (11,901 | ) | 13,997 | |||||||||||
Other income, net | 641 | (621 | ) | (4 | ) | 16 | |||||||||||
Interest expense | — | — | (5,125 | ) | (5,125 | ) | |||||||||||
Earnings (loss) from continuing operations | (8,380 | ) | 34,298 | (17,030 | ) | 8,888 | |||||||||||
Discontinued operations: | |||||||||||||||||
Income (loss) from operating activities | 2,874 | (254 | ) | — | 2,620 | ||||||||||||
Gains on dispositions of real estate | — | 948 | — | 948 | |||||||||||||
Earnings from discontinued operations | 2,874 | 694 | — | 3,568 | |||||||||||||
Net earnings (loss) | $ | (5,506 | ) | $ | 34,992 | $ | (17,030 | ) | $ | 12,456 | |||||||
Supplemental Condensed Combining Statement of Cash Flows | ' | ||||||||||||||||
The condensed combining statement of cash flows of Getty Realty Corp. for the year ended December 31, 2011 is as follows (in thousands): | |||||||||||||||||
Getty | Other | Corporate | Consolidated | ||||||||||||||
Petroleum | Tenants | ||||||||||||||||
Marketing | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||
Net earnings (loss) | $ | (5,506 | ) | $ | 34,992 | $ | (17,030 | ) | $ | 12,456 | |||||||
Adjustments to reconcile net earnings (loss) to net cash flow provided by operating activities: | |||||||||||||||||
Depreciation and amortization expense | 5,024 | 5,266 | 46 | 10,336 | |||||||||||||
Impairment charges | 18,676 | 1,550 | — | 20,226 | |||||||||||||
Gains on dispositions of real estate | (641 | ) | (327 | ) | — | (968 | ) | ||||||||||
Deferred rent receivable, net of allowance | 21,221 | (1,916 | ) | — | 19,305 | ||||||||||||
Allowance for accounts receivable | 8,802 | 319 | — | 9,121 | |||||||||||||
Amortization of above-market and below-market leases | — | (685 | ) | — | (685 | ) | |||||||||||
Amortization of credit agreement origination costs | — | — | 207 | 207 | |||||||||||||
Accretion expense | 879 | 20 | — | 899 | |||||||||||||
Stock-based employee compensation expense | — | — | 643 | 643 | |||||||||||||
Changes in assets and liabilities: | |||||||||||||||||
Accounts receivable, net | (14,851 | ) | (39 | ) | — | (14,890 | ) | ||||||||||
Prepaid expenses and other assets | — | (68 | ) | 219 | 151 | ||||||||||||
Environmental remediation obligations | (1,304 | ) | (677 | ) | — | (1,981 | ) | ||||||||||
Accounts payable and accrued liabilities | 3,040 | 692 | 2,203 | 5,935 | |||||||||||||
Net cash flow provided by (used in) operating activities | 35,340 | 39,127 | (13,712 | ) | 60,755 | ||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||||||||
Property acquisitions and capital expenditures | — | (99,902 | ) | (24 | ) | (99,926 | ) | ||||||||||
Investments in direct financing leases | — | (67,569 | ) | — | (67,569 | ) | |||||||||||
Proceeds from dispositions of real estate | 1,604 | 1,781 | (1,068 | ) | 2,317 | ||||||||||||
Change in cash held for property acquisitions | — | — | (750 | ) | (750 | ) | |||||||||||
Amortization of investment in direct financing leases | — | 505 | — | 505 | |||||||||||||
Issuance of notes, mortgages and other receivables | — | (30,400 | ) | — | (30,400 | ) | |||||||||||
Collection of notes and mortgages receivable | — | 2,415 | 264 | 2,679 | |||||||||||||
Net cash flow provided by (used in) investing activities | 1,604 | (193,170 | ) | (1,578 | ) | (193,144 | ) | ||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||
Borrowings under credit line | — | — | 247,253 | 247,253 | |||||||||||||
Repayments under credit line | — | — | (140,853 | ) | (140,853 | ) | |||||||||||
Repayments under term loan line | — | — | (780 | ) | (780 | ) | |||||||||||
Payments of capital lease obligations | — | (59 | ) | — | (59 | ) | |||||||||||
Payments of cash dividends | — | — | (63,436 | ) | (63,436 | ) | |||||||||||
Payments of loan origination costs | — | — | (175 | ) | (175 | ) | |||||||||||
Security deposits received | — | 29 | — | 29 | |||||||||||||
Net proceeds from issuance of common stock | — | — | 91,986 | 91,986 | |||||||||||||
Cash consolidation- Corporate | (36,944 | ) | 154,073 | (117,129 | ) | — | |||||||||||
Net cash flow (used in) provided by financing activities | (36,944 | ) | 154,043 | 16,866 | 133,965 | ||||||||||||
Net increase in cash and cash equivalents | — | — | 1,576 | 1,576 | |||||||||||||
Cash and cash equivalents at beginning of year | — | — | 6,122 | 6,122 | |||||||||||||
Cash and cash equivalents at end of year | $ | — | $ | — | $ | 7,698 | $ | 7,698 | |||||||||
SUMMARY_OF_SIGNIFICANT_ACCOUNT3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Apr. 30, 2006 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | |
Property | Building and Building Improvements [Member] | Building and Building Improvements [Member] | USTs [Member] | Interest rate swap [Member] | Litigation Funding Agreement [Member] | Level 3 inputs [Member] | Level 3 inputs [Member] | Level 3 inputs [Member] | ||||||||
Minimum [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||||||||||||
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Legal settlements received | ' | ' | ' | ' | ' | $3,126,000 | ' | ' | ' | ' | ' | ' | $25,096,000 | ' | ' | ' |
Accounts Receivable, Fair Value Disclosure | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,972,000 |
Impaired real estate assets measured at fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,590,000 | 4,967,000 |
Number of real estate properties held for sale | ' | ' | ' | ' | ' | 115 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property plant and equipment useful life | ' | ' | ' | ' | ' | ' | ' | ' | '16 years | '25 years | '10 years | ' | ' | ' | ' | ' |
Impairment charges | 5,708,000 | ' | ' | ' | 3,390,000 | 13,425,000 | 13,942,000 | 20,226,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Assumed holding periods for unobservable inputs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '15 years | ' | ' |
Assumed annual average rent increases for unobservable inputs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' |
Rate of income capitalization for unobservable inputs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | ' | ' |
Cash flows discounted rate for unobservable inputs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.00% | ' | ' |
Maturity period of liquid investments | ' | ' | ' | ' | ' | '3 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted cash | 1,000,000 | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45,000,000 | ' | ' | ' | ' |
LIBOR component of the interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.44% | ' | ' | ' | ' |
Stock based compensation expenses | ' | ' | ' | ' | ' | 971,000 | 757,000 | 643,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Rental property expenses | ' | $933,000 | $571,000 | $222,000 | ' | $29,326,000 | $28,637,000 | $15,514,000 | ' | ' | ' | ' | ' | ' | ' | ' |
SUMMARY_OF_SIGNIFICANT_ACCOUNT4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (Fair Value, Measurements, Recurring [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Receivable [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of assets | ' | $2,972 |
Mutual Funds [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of assets | 3,275 | 3,013 |
Deferred compensation [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of liabilities | 3,275 | 3,013 |
Fair Value, Inputs, Level 1 [Member] | Receivable [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of assets | ' | ' |
Fair Value, Inputs, Level 1 [Member] | Mutual Funds [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of assets | 3,275 | 3,013 |
Fair Value, Inputs, Level 1 [Member] | Deferred compensation [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of liabilities | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Receivable [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of assets | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Mutual Funds [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of assets | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Deferred compensation [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of liabilities | 3,275 | 3,013 |
Level 3 inputs [Member] | Receivable [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of assets | ' | 2,972 |
Level 3 inputs [Member] | Mutual Funds [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of assets | ' | ' |
Level 3 inputs [Member] | Deferred compensation [Member] | ' | ' |
Fair Value Assets Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Fair value of liabilities | ' | ' |
SUMMARY_OF_SIGNIFICANT_ACCOUNT5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Real Estate Held for Sale (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Real Estate Held For Sale [Line Items] | ' | ' |
Real estate assets held for sale | $30,724 | $35,177 |
Accumulated depreciation and amortization | -7,740 | -9,837 |
Real estate held for sale, net | 22,984 | 25,340 |
Land [Member] | ' | ' |
Real Estate Held For Sale [Line Items] | ' | ' |
Real estate assets held for sale | 15,586 | 17,409 |
Building And Improvements [Member] | ' | ' |
Real Estate Held For Sale [Line Items] | ' | ' |
Real estate assets held for sale | $15,138 | $17,768 |
SUMMARY_OF_SIGNIFICANT_ACCOUNT6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Earnings (Loss) from Discontinued Operations (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' |
Earnings (loss) from operating activities | ($3,161) | ($7,946) | $2,620 |
Gains from dispositions/acquisition of real estate | 45,505 | 6,880 | 948 |
Earnings (loss) from discontinued operations | 42,344 | -1,066 | 3,568 |
Segment, Discontinued Operations [Member] | ' | ' | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' |
Revenues from rental properties | 4,939 | 11,898 | 19,388 |
Impairment charges | -10,129 | -8,809 | -7,511 |
Other operating expenses | 2,029 | -11,035 | -9,257 |
Earnings (loss) from operating activities | -3,161 | -7,946 | 2,620 |
Gains from dispositions/acquisition of real estate | 45,505 | 6,880 | 948 |
Earnings (loss) from discontinued operations | $42,344 | ($1,066) | $3,568 |
SUMMARY_OF_SIGNIFICANT_ACCOUNT7
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Earnings Per Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Earnings from continuing operations | $4,007 | $2,717 | $1,785 | $5,004 | $27,667 | $13,513 | $8,888 |
Less dividend equivalents attributable to RSUs outstanding | ' | ' | ' | ' | -252 | -87 | -235 |
Earnings from continuing operations attributable to common shareholders | ' | ' | ' | ' | 27,415 | 13,426 | 8,653 |
Earnings (loss) from discontinued operations | ' | ' | ' | ' | 42,344 | -1,066 | 3,568 |
Less dividend equivalents attributable to RSUs outstanding | ' | ' | ' | ' | -392 | -47 | -14 |
Earnings (loss) from discontinued operations attributable to common shareholders | ' | ' | ' | ' | 41,952 | -1,113 | 3,554 |
Net earnings attributable to common shareholders used for basic and diluted earnings per share calculation | ' | ' | ' | ' | $69,367 | $12,313 | $12,207 |
Basic | ' | ' | ' | ' | 33,397 | 33,395 | 33,171 |
Stock options | ' | ' | ' | ' | ' | ' | 1 |
Diluted | ' | ' | ' | ' | 33,397 | 33,395 | 33,172 |
RSUs outstanding at the end of the period | 216 | ' | ' | ' | 296 | 216 | 171 |
LEASES_Additional_Information_
LEASES - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||
Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property | |||||||
State | |||||||
Leases [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Number of properties | ' | ' | ' | ' | 965 | ' | ' |
Number of states in which our properties are located | ' | ' | ' | ' | 20 | ' | ' |
Revenues from rental properties included in continuing operations | $22,395,000 | $21,172,000 | $23,819,000 | $25,487,000 | $95,940,000 | $92,873,000 | $91,053,000 |
Revenue recorded for the partial recovery of damages stemming | ' | ' | ' | ' | 3,126,000 | ' | ' |
Rental property expenses included in continuing operations | ' | ' | ' | ' | 15,405,000 | 10,854,000 | 6,243,000 |
Revenues due or received from Marketing under the Master Lease | ' | ' | ' | ' | ' | 16,850,000 | 43,731,000 |
Revenues related to properties repositioned | ' | ' | ' | ' | 89,504,000 | 69,827,000 | 45,044,000 |
Real estate taxes paid that are reimbursable by tenants | ' | ' | ' | ' | 15,405,000 | 10,854,000 | 6,243,000 |
Net loss realized under interim fuel supply agreements | ' | ' | ' | ' | 1,374,000 | ' | ' |
Net gain realized under interim fuel supply agreements | ' | ' | ' | ' | ' | 1,763,000 | ' |
Revenue Recognition Adjustments Included in Continuing Operations Increased Rental Revenue | ' | ' | ' | ' | 7,810,000 | 4,433,000 | 2,278,000 |
Investment in direct financing lease | 91,904,000 | ' | ' | ' | 97,147,000 | 91,904,000 | ' |
Investments in direct financing lease, minimum lease payments receivable | ' | ' | ' | ' | 203,438,000 | ' | ' |
Investment in direct financing lease, unguaranteed estimated residual value | ' | ' | ' | ' | 13,979,000 | ' | ' |
Investment in direct financing lease, deferred income | ' | ' | ' | ' | 120,270,000 | ' | ' |
Rent expense on operating lease | ' | ' | ' | ' | 7,092,000 | 7,903,000 | 8,009,000 |
Rent received under sublease | ' | ' | ' | ' | 10,715,000 | 11,809,000 | 13,325,000 |
Remaining lease term | ' | ' | ' | ' | '11 years | ' | ' |
2014 | ' | ' | ' | ' | 7,296,000 | ' | ' |
2015 | ' | ' | ' | ' | 6,417,000 | ' | ' |
2016 | ' | ' | ' | ' | 5,399,000 | ' | ' |
2017 | ' | ' | ' | ' | 3,931,000 | ' | ' |
2018 | ' | ' | ' | ' | 2,863,000 | ' | ' |
Thereafter | ' | ' | ' | ' | $5,229,000 | ' | ' |
Third Parties [Member] | ' | ' | ' | ' | ' | ' | ' |
Leases [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Number of properties | ' | ' | ' | ' | 840 | ' | ' |
Number of properties previously leased | ' | ' | ' | ' | 125 | ' | ' |
LEASES_Future_Contractual_Mini
LEASES - Future Contractual Minimum Annual Rentals Receivable (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Future Minimum Lease Payments For Capital Leases And Operating Leases [Abstract] | ' |
2014 | $82,522 |
2015 | 80,316 |
2016 | 80,950 |
2017 | 80,725 |
2018 | 79,952 |
Thereafter | 647,851 |
2014 | 11,945 |
2015 | 12,121 |
2016 | 12,308 |
2017 | 12,622 |
2018 | 12,872 |
Thereafter | 141,570 |
2014 | 70,577 |
2015 | 68,195 |
2016 | 68,642 |
2017 | 68,103 |
2018 | 67,080 |
Thereafter | $506,281 |
LEASES_Future_Contractual_Mini1
LEASES - Future Contractual Minimum Annual Rentals Receivable (Parenthetical) (Detail) (USD $) | Dec. 31, 2013 |
Future Minimum Lease Payments For Capital Leases And Operating Leases [Abstract] | ' |
Future minimum annual rentals receivable under subleases | $85,524,000 |
LEASES_Marketing_and_the_Maste
LEASES - Marketing and the Master Lease - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 1 Months Ended | 0 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||||||||||
Dec. 31, 2011 | Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Aug. 31, 2013 | Jul. 29, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Aug. 31, 2013 | Oct. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | |
Getty Petroleum Marketing [Member] | Getty Petroleum Marketing [Member] | Litigation Funding Agreement [Member] | Post Petition Priority Claims [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing Estate [Member] | Marketing And Master Lease [Member] | Marketing And Master Lease [Member] | Marketing And Master Lease [Member] | Marketing And Master Lease [Member] | Marketing And Master Lease [Member] | Marketing And Master Lease [Member] | ||||||
Property | Master Lease [Member] | Scenario, Forecast [Member] | Getty Petroleum Marketing [Member] | Getty Petroleum Marketing [Member] | Getty Petroleum Marketing [Member] | Accounts Receivable [Member] | Bad Debt Reserve for Uncollectible Amounts [Member] | Bad Debt Reserve for Uncollectible Amounts [Member] | Additional Income Attributed To Master Lease [Member] | Litigation Funding Agreement [Member] | Litigation Funding Agreement [Member] | Litigation Funding Agreement [Member] | Litigation Funding Agreement [Member] | Getty Petroleum Marketing [Member] | Getty Petroleum Marketing [Member] | Getty Petroleum Marketing [Member] | Getty Petroleum Marketing [Member] | Master Lease [Member] | Bad Debt Reserve for Uncollectible Amounts [Member] | ||||||||
Reduction in General and Administrative Expenses in Continuing Operations [Member] | Increase In Earnings from Operating Activities Included in Discontinued Operations [Member] | Getty Petroleum Marketing [Member] | Legal Fees [Member] | Reduction in General and Administrative Expenses in Continuing Operations [Member] | Decrease in Earnings from Operating Activities Included in Discontinued Operations [Member] | Uncollected Rent and Real Estate [Member] | Getty Petroleum Marketing [Member] | Getty Petroleum Marketing [Member] | |||||||||||||||||||
Leases [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of properties previously leased to GPMI | ' | ' | ' | ' | ' | 590 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
General and administrative expense | ' | ' | $5,071,000 | $27,634,000 | $20,981,000 | $3,700,000 | $2,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum dollar amount of loans to the Marketing Estate per agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,725,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Amount advanced to the Marketing Estate for wind down expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,526,000 | ' | ' | ' | ' | ' | ' | ' |
Collective payment by or on behalf of the defendants | ' | ' | 3,126,000 | ' | ' | ' | ' | 25,096,000 | 6,585,000 | 93,000,000 | ' | ' | ' | 7,976,000 | 13,994,000 | ' | 3,126,000 | 25,096,000 | ' | ' | 1,300,000 | ' | ' | ' | ' | ' | ' |
Post-petition priority claims and Lukoil Settlement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,251,000 | 16,851,000 | 5,931,000 | ' | ' | 22,782,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bad debt reserve | ' | ' | -20,854,000 | 15,903,000 | 9,121,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,980,000 | 10,340,000 | 3,640,000 | 16,428,000 | 2,448,000 | 13,980,000 |
Gross deferred receivable attributable to the Master Lease with Marketing that was fully reserved | 25,630,000 | ' | ' | ' | 25,630,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-cash allowances for deferred rental revenue | $8,715,000 | $11,043,000 | $4,206,000 | ' | $16,529,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LEASES_Leasing_Activities_Addi
LEASES - Leasing Activities - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property | |||
Portfolios | |||
Leases [Line Items] | ' | ' | ' |
Number of new triple net leases we've entered into | 12 | ' | ' |
Number of leased properties with new tenants | 462 | ' | ' |
Properties under license agreements | 90 | ' | ' |
Maximum lease commitment for capital expenditure | $14,532,000 | ' | ' |
Amount of asset retirement obligations removed from the balance sheet | 12,648,000 | ' | ' |
Deferred rental revenue | 2,213,000 | ' | ' |
Lease origination costs | 365,000 | 3,147,000 | 0 |
Investment of capital commitment | 308,000 | ' | ' |
Minimum [Member] | ' | ' | ' |
Leases [Line Items] | ' | ' | ' |
Unitary triple-net lease agreements initial terms | '15 years | ' | ' |
Maximum [Member] | ' | ' | ' |
Leases [Line Items] | ' | ' | ' |
Unitary triple-net lease agreements successive terms | '20 years | ' | ' |
USTs [Member] | ' | ' | ' |
Leases [Line Items] | ' | ' | ' |
Net asset costs related to USTs removed from the balance Sheet | $10,435,000 | ' | ' |
LEASES_Chestnut_Petroleum_Dist
LEASES - Chestnut Petroleum Dist. Inc. - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Dec. 31, 2011 | Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Aug. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Location | Maximum [Member] | CPD NY and NECG [Member] | CPD NY [Member] | CPD NY [Member] | CPD NY [Member] | NECG Holdings Corp [Member] | NECG Holdings Corp [Member] | NECG Holdings Corp [Member] | ||||||
Property | Property | Property | Property | |||||||||||
Lease | ||||||||||||||
Leases [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of leased properties | ' | ' | ' | ' | ' | ' | ' | 142 | 58 | ' | ' | 84 | ' | ' |
Number of unitary leases | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' |
Lease revenue percentage | ' | ' | ' | 15.00% | 7.00% | 6.00% | ' | ' | 21.00% | 18.00% | 12.00% | 21.00% | 18.00% | 12.00% |
Number of locations involved in the proceedings | 24 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of properties recapture and sever from NECG | ' | ' | ' | ' | ' | ' | 26 | ' | ' | ' | ' | ' | ' | ' |
Bad debt reserve | ' | ' | ' | ($20,854) | $15,903 | $9,121 | ' | ' | ' | ' | ' | $1,015 | ' | ' |
Bad debt reserve, total | ' | ' | ' | 3,248 | 25,371 | ' | ' | ' | ' | ' | ' | 1,765 | ' | ' |
Non-cash allowances for deferred rental receivable | ' | $8,715 | $11,043 | $4,206 | ' | $16,529 | ' | ' | ' | ' | ' | ' | ' | ' |
LEASES_Summary_of_Selected_Fin
LEASES - Summary of Selected Financial Data (Detail) (CPD NY and NECG [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CPD NY and NECG [Member] | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Total revenue | $451,145 | $424,519 | $385,406 |
Gross profit | 28,721 | 26,616 | 25,764 |
Net income | 229 | 1,968 | 9,111 |
Current assets | 10,944 | 12,942 | ' |
Noncurrent assets | 28,852 | 23,405 | ' |
Current liabilities | 13,985 | 5,107 | ' |
Noncurrent liabilities | $16,043 | $21,641 | ' |
LEASES_Capitol_Petroleum_Group
LEASES - Capitol Petroleum Group - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Leases [Line Items] | ' | ' | ' |
Lease revenue percentage | 15.00% | 7.00% | 6.00% |
White Oak Petroleum Realty LLC [Member] | ' | ' | ' |
Leases [Line Items] | ' | ' | ' |
Number of leased properties | 37 | ' | ' |
Subsidiaries Of Capital Petroleum Group [Member] | ' | ' | ' |
Leases [Line Items] | ' | ' | ' |
Number of unitary leases | 4 | ' | ' |
Subsidiaries Of Capital Petroleum Group [Member] | Gasoline Station and Convenience Store Properties [Member] | ' | ' | ' |
Leases [Line Items] | ' | ' | ' |
Number of leased properties | 97 | ' | ' |
Hudson Petroleum [Member] | ' | ' | ' |
Leases [Line Items] | ' | ' | ' |
Number of leased properties | 24 | ' | ' |
Big Apple Petroleum [Member] | ' | ' | ' |
Leases [Line Items] | ' | ' | ' |
Number of leased properties | 16 | ' | ' |
Dogwood Petroleum [Member] | ' | ' | ' |
Leases [Line Items] | ' | ' | ' |
Number of leased properties | 20 | ' | ' |
COMMITMENTS_AND_CONTINGENCIES_
COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||
Feb. 28, 2009 | Sep. 30, 2003 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 31-May-07 | Dec. 31, 2013 | Dec. 31, 2010 | |
Parties | Parties | Cases | Private Related Party [Member] | Public Related Party [Member] | Subsequent [Member] | Initial [Member] | MTBE [Member] | MTBE [Member] | MTBE [Member] | |||
Defendant | Parties | Cases | ||||||||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued legal matters | ' | ' | $11,423,000 | $3,615,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Provisions for litigation losses | ' | ' | 7,956,000 | 92,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Number of potentially responsible parties for Lower Passaic River damages | ' | 66 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parties to perform a remedial investigation and feasibility study | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70 | ' | ' |
Number of additional parties | 300 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Settlement amount | ' | ' | 3,126,000 | ' | ' | 195,000 | 95,000 | ' | ' | ' | ' | ' |
Petroleum refiners, manufacturers, distributors and retailers | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50 | ' |
Agreements to settle | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,025,000 |
Classes settled | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 |
Claims settled, number of cases | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52 |
Number of cases in which we remain a defendant | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Settlement claims from the plaintiffs | ' | ' | ' | ' | ' | ' | ' | $88,000,000 | $24,000,000 | ' | ' | ' |
CREDIT_AGREEMENT_AND_PRUDENTIA1
CREDIT AGREEMENT AND PRUDENTIAL LOAN AGREEMENT - Additional Information (Detail) (USD $) | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||
Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 25, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Feb. 28, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Term Loan [Member] | Revolving Credit Facility [Member] | Senior Secured Revolving Credit Facility And Senior Secured Term Loan Facility [Member] | Minimum [Member] | Maximum [Member] | LIBOR [Member] | LIBOR [Member] | ||||||
Minimum [Member] | Maximum [Member] | |||||||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior secured revolving credit agreement | ' | $175,000,000 | $175,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of amended term loan agreement | ' | ' | 25,000,000 | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' |
Senior secured revolving credit agreement, expiration date | ' | 31-Aug-15 | 31-Mar-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amended term loan agreement, expiration date | ' | 28-Feb-21 | 31-Mar-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings under credit agreement | ' | 58,000,000 | 150,290,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual bearing interest rate for credit agreement | ' | ' | 3.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings outstanding | ' | 100,000,000 | 22,030,000 | ' | ' | 22,030,000 | ' | ' | ' | ' | ' | ' |
Interest rate of term loan | ' | 2.00% | 3.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments of loan origination costs | 4,144,000 | 2,842,000 | 4,144,000 | 175,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Credit agreement initiation date | ' | 25-Feb-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Extension of credit agreement | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total bank syndicate commitment allocated to term loan | ' | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Bank Syndicate commitment allocated to a revolving facility | ' | 150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Option to increase credit facility | ' | ' | ' | ' | ' | ' | 50,000,000 | ' | ' | ' | ' | ' |
Credit facility amount | ' | ' | ' | ' | ' | ' | 200,000,000 | ' | ' | ' | ' | ' |
Credit agreement margin on borrowing base rate | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | 2.00% | 2.50% | 3.00% |
Annual commitment fee on undrawn funds | ' | ' | ' | ' | ' | ' | ' | ' | 0.30% | 0.40% | ' | ' |
Credit facility outstanding amount | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | 58,000,000 | ' | ' |
Interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.20% | ' | ' |
Amount of rate increase in case of default | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgaged properties, aggregate net book value | ' | 154,117,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior secured term loan, issuance date | ' | 25-Feb-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of rate increase in case of default | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate maturity of credit agreement and term loan, year 2015 | ' | ' | ' | ' | ' | ' | ' | 58,000,000 | ' | ' | ' | ' |
Principal repayment of senior secured term loan in year eight | ' | ' | ' | ' | ' | ' | ' | $100,000,000 | ' | ' | ' | ' |
ENVIRONMENTAL_OBLIGATIONS_Addi
ENVIRONMENTAL OBLIGATIONS - Additional Information (Detail) (USD $) | 1 Months Ended | 12 Months Ended | ||
Jul. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Other Commitments [Line Items] | ' | ' | ' | ' |
Payment for pollution legal liability insurance policy | $3,062,000 | ' | ' | ' |
Pollution legal liability insurance policy duration | ' | '10 years | ' | ' |
Pollution legal liability insurance policy aggregate limit | ' | 50,000,000 | ' | ' |
Remediation agreement of lease | ' | 'We have agreed to be responsible for environmental contamination at the premises that is known at the time the lease commences and for contamination that existed at the premises prior to commencement of the lease and is discovered by the tenant (other than as a result of a voluntary site investigation) during the first ten years of the lease term. | ' | ' |
Asset retirement obligations removed from balance sheet | ' | 12,648,000 | ' | ' |
Deferred rental revenue | ' | 2,213,000 | ' | ' |
Environmental remediation obligations | ' | 43,472,000 | 46,150,000 | 57,700,000 |
Accretion expense | ' | 3,214,000 | 3,174,000 | 899,000 |
The amount of credits to environmental expenses | ' | 2,956,000 | 4,215,000 | ' |
Increase in carrying value of property | ' | 12,371,000 | 5,710,000 | ' |
Estimated remaining useful life of underground storage tank for capitalized asset retirement costs | ' | '10 years | ' | ' |
Depreciation and amortization expense for capitalized asset retirement costs | ' | 2,009,000 | 5,371,000 | ' |
Capitalized asset retirement costs | ' | 18,281,000 | 23,549,000 | ' |
USTs [Member] | ' | ' | ' | ' |
Other Commitments [Line Items] | ' | ' | ' | ' |
Net asset cost related to USTs removed from the balance sheet | ' | $10,435,000 | ' | ' |
INCOME_TAXES_Additional_Inform
INCOME TAXES - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Net cash paid for income taxes | $173,000 | $810,000 | $267,000 |
Earnings and profits | $29,957,000 | $7,814,000 | $63,472,000 |
Percentage of ordinary income | 94.40% | 10.00% | 98.30% |
Capital gain distributions percentage | 5.60% | 61.30% | 1.70% |
Non-taxable distributions percentage | 0.00% | 28.70% | 0.00% |
Percentage of taxable income distributed among stockholders | 90.00% | ' | ' |
Percentage of common stock to total required distribution | 80.00% | ' | ' |
SHAREHOLDERS_EQUITY_Summary_of
SHAREHOLDERS' EQUITY - Summary of Changes in Shareholders' Equity (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Jan. 31, 2011 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Shareholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance, value | $314,935 | ' | ' | ' | $372,169 | $372,749 | $372,169 | $314,935 |
Net earnings | ' | 5,801 | -3,465 | 3,626 | 6,485 | 70,011 | 12,447 | 12,456 |
Dividends | ' | ' | ' | ' | ' | -28,640 | -12,606 | -49,004 |
Stock-based compensation | ' | ' | ' | ' | ' | 971 | 739 | 643 |
Stock options exercised | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of common stock, value | ' | ' | ' | ' | ' | ' | ' | 91,986 |
Proceeds from issuance of common stock, Shares | 3,000 | ' | ' | ' | ' | ' | ' | ' |
Net unrealized gain on interest rate swap | ' | ' | ' | ' | ' | ' | ' | 1,153 |
Ending balance, value | ' | 372,749 | ' | ' | ' | 415,091 | 372,749 | 372,169 |
Common Stock [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Shareholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance, value | 299 | ' | ' | ' | 334 | 334 | 334 | 299 |
Beginning balance, shares | 29,944 | ' | ' | ' | 33,394 | 33,397 | 33,394 | 29,944 |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation, Shares | ' | ' | ' | ' | ' | ' | 3 | ' |
Proceeds from issuance of common stock, value | ' | ' | ' | ' | ' | ' | ' | 35 |
Proceeds from issuance of common stock, Shares | ' | ' | ' | ' | ' | ' | ' | 3,450 |
Ending balance, value | ' | 334 | ' | ' | ' | 334 | 334 | 334 |
Ending balance, shares | ' | 33,397 | ' | ' | ' | 33,397 | 33,397 | 33,394 |
Paid-in-Capital [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Shareholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance, value | 368,093 | ' | ' | ' | 460,687 | 461,426 | 460,687 | 368,093 |
Stock-based compensation | ' | ' | ' | ' | ' | 971 | 739 | 643 |
Proceeds from issuance of common stock, value | ' | ' | ' | ' | ' | ' | ' | 91,951 |
Ending balance, value | ' | 461,426 | ' | ' | ' | 462,397 | 461,426 | 460,687 |
Dividend Paid in Excess of Earnings [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Shareholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance, value | -52,304 | ' | ' | ' | -88,852 | -89,011 | -88,852 | -52,304 |
Net earnings | ' | ' | ' | ' | ' | 70,011 | 12,447 | 12,456 |
Dividends | ' | ' | ' | ' | ' | -28,640 | -12,606 | -49,004 |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance, value | ' | -89,011 | ' | ' | ' | -47,640 | -89,011 | -88,852 |
Accumulated Other Comprehensive Loss [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Shareholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance, value | -1,153 | ' | ' | ' | ' | ' | ' | -1,153 |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' |
Net unrealized gain on interest rate swap | ' | ' | ' | ' | ' | ' | ' | 1,153 |
Ending balance, value | ' | ' | ' | ' | ' | ' | ' | ' |
SHAREHOLDERS_EQUITY_Summary_of1
SHAREHOLDERS' EQUITY - Summary of Changes in Shareholders' Equity (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Shareholders Equity [Line Items] | ' | ' | ' |
Dividends per share | $0.85 | $0.38 | $1.46 |
Dividend Paid in Excess of Earnings [Member] | ' | ' | ' |
Shareholders Equity [Line Items] | ' | ' | ' |
Dividends per share | $0.85 | $0.38 | $1.46 |
SHAREHOLDERS_EQUITY_Additional
SHAREHOLDERS' EQUITY - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Feb. 28, 2011 | Jan. 31, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity [Abstract] | ' | ' | ' | ' | ' | ' |
Preferred stock, shares authorized | ' | ' | ' | 20,000,000 | 20,000,000 | 20,000,000 |
Preferred stock, par value | ' | ' | ' | $0.01 | $0.01 | $0.01 |
Preferred stock, shares issued | ' | ' | ' | 0 | 0 | 0 |
Public stock offering, shares, including underwriter's overallotment | ' | ' | 3,450,000 | ' | ' | ' |
Public stock offering, shares issued | ' | 3,000,000 | ' | ' | ' | ' |
Public stock offering transaction costs | ' | ' | $267 | ' | ' | ' |
Proceeds from the issuance of common stock, Value | ' | ' | $91,986 | ' | ' | $91,986 |
Underwriter's over-allotment number of shares | 450,000 | ' | ' | ' | ' | ' |
EMPLOYEE_BENEFIT_PLANS_Additio
EMPLOYEE BENEFIT PLANS - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||
1-May-13 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Supplemental Employee Retirement Plan [Member] | Employees And Directors [Member] | Employees And Directors [Member] | Employees And Directors [Member] | Employees And Directors [Member] | |||||
2012 Incentive Program [Member] | 2012 Incentive Program [Member] | 2004 Omnibus Incentive Compensation Plan [Member] | 2004 Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||
2012 Incentive Program [Member] | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Grant awards | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum number of shares of common stock | ' | 80,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Incentive compensation program vesting percentage | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock awarded | ' | ' | ' | ' | 35,000 | 52,125 | 47,625 | ' | 79,500 | ' | ' | ' | ' | 79,500 | 52,125 | 47,625 | 35,000 |
Termination of grant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' |
Vested of common stock | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
RSUs vest starting period from date of grant | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual rate of vest of total number of RSUs | ' | ' | ' | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock dividends declared | ' | $251,000 | $82,000 | $249,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of grants recognition period | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation expense | ' | 971,000 | 757,000 | 643,000 | 962,000 | ' | ' | ' | ' | 638,000 | 746,000 | ' | ' | ' | ' | ' | ' |
Unrecognized compensation cost | ' | ' | ' | ' | ' | ' | ' | ' | 2,302,000 | ' | ' | 2,302,000 | ' | ' | ' | ' | ' |
Weighted average period | ' | ' | ' | ' | '3 years 2 months 12 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of outstanding RSUs | ' | ' | ' | ' | 295,850 | 216,350 | 170,825 | 123,200 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of vested RSUs | ' | ' | ' | ' | 136,135 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intrinsic value of outstanding RSUs | ' | ' | ' | ' | 5,435,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intrinsic value of vested RSUs | ' | ' | ' | ' | 2,501,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee voluntary contribution | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee compensation | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Executive compensation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' |
Contributions, net of forfeitures | ' | 238,000 | 270,000 | 239,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of stock option outstanding | ' | ' | 5,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock option exercise price | ' | ' | $27.68 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining contractual life | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intrinsic value of stock option outstanding | ' | ' | $5,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
EMPLOYEE_BENEFIT_PLANS_Schedul
EMPLOYEE BENEFIT PLANS - Schedule of Activity Relating to Restricted Stock Units Outstanding (Detail) (Restricted Stock Units (RSUs) [Member], USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
BALANCE, RSUs OUTSTANDING | 216,350 | 170,825 | 123,200 |
Granted, NUMBER OF RSUs OUTSTANDING | 35,000 | 52,125 | 47,625 |
Settled, NUMBER OF RSUs OUTSTANDING | ' | -2,780 | ' |
Cancelled, NUMBER OF RSUs OUTSTANDING | ' | -3,820 | ' |
BALANCE, RSUs OUTSTANDING | 295,850 | 216,350 | 170,825 |
Granted, FAIR VALUE AMOUNT | ' | $864,000 | $1,043,000 |
Settled, FAIR VALUE AMOUNT | ' | 70,000 | ' |
Cancelled, FAIR VALUE AMOUNT | ' | 88,000 | ' |
Granted, FAIR VALUE AVERAGE PER RSU | ' | $16.57 | $21.90 |
Settled, FAIR VALUE AVERAGE PER RSU | ' | $25.31 | ' |
Cancelled, FAIR VALUE AVERAGE PER RSU | ' | $23.10 | ' |
2012 Incentive Program [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Granted, NUMBER OF RSUs OUTSTANDING | 79,500 | ' | ' |
Granted, FAIR VALUE AMOUNT | 1,439,110 | ' | ' |
Granted, FAIR VALUE AVERAGE PER RSU | 18.1 | ' | ' |
EMPLOYEE_BENEFIT_PLANS_Schedul1
EMPLOYEE BENEFIT PLANS - Schedule of Vesting Activity Relating to Restricted Stock Units Outstanding (Detail) (Restricted Stock Units (RSUs) [Member], USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
BALANCE, RSUs VESTED | 93,225 | 66,800 | 45,400 |
Vested, NUMBER OF RSUs VESTED | 42,910 | 29,205 | 21,400 |
Settled, NUMBER OF RSUs VESTED | ' | -2,780 | ' |
BALANCE, RSUs VESTED | 136,135 | 93,225 | 66,800 |
Vested, FAIR VALUE | $844,000 | $734,000 | $505,000 |
Settled, FAIR VALUE | ' | $70,000 | ' |
QUARTERLY_FINANCIAL_DATA_Addit
QUARTERLY FINANCIAL DATA - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' |
Rental property expenses | $933 | $571 | $222 | $29,326 | $28,637 | $15,514 |
QUARTERLY_FINANCIAL_DATA_Summa
QUARTERLY FINANCIAL DATA - Summary of Quarterly Results of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 |
As reported [Member] | As reported [Member] | As reported [Member] | As reported [Member] | As revised [Member] | As revised [Member] | As revised [Member] | As revised [Member] | ||||||||
Quarterly Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from rental properties | $22,395 | $21,172 | $23,819 | $25,487 | $95,940 | $92,873 | $91,053 | $25,470 | $28,007 | $23,232 | $22,357 | $25,470 | $28,007 | $23,232 | $22,357 |
Earnings from continuing operations | 4,007 | 2,717 | 1,785 | 5,004 | 27,667 | 13,513 | 8,888 | 1,762 | 14,695 | 7,413 | 5,523 | 1,762 | 13,762 | 6,842 | 5,301 |
Net earnings (loss) | $5,801 | ($3,465) | $3,626 | $6,485 | $70,011 | $12,447 | $12,456 | $5,045 | $41,877 | $12,739 | $10,350 | $5,045 | $41,877 | $12,739 | $10,350 |
Diluted earnings (loss) per common share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings from continuing operations | $0.13 | $0.05 | $0.07 | $0.16 | ' | ' | ' | $0.05 | $0.44 | $0.22 | $0.16 | $0.05 | $0.41 | $0.20 | $0.16 |
Net earnings (loss) | $0.17 | ($0.10) | $0.11 | $0.19 | ' | ' | ' | $0.15 | $1.25 | $0.38 | $0.31 | $0.15 | $1.25 | $0.38 | $0.31 |
QUARTERLY_FINANCIAL_DATA_Summa1
QUARTERLY FINANCIAL DATA - Summary of Quarterly Results of Operations (Parenthetical) (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | 9-May-13 | Dec. 31, 2013 | 31-May-13 | Dec. 31, 2013 | 31-May-13 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | |
Transactions | Transactions | Transactions | Lukoil Settlement [Member] | Mobil-branded Gasoline Station [Member] | Mobil-branded Gasoline Station [Member] | Exxon and Shell Gasoline Station [Member] | Exxon and Shell Gasoline Station [Member] | Allowance for Doubtful Accounts [Member] | Allowance for Doubtful Accounts [Member] | |||||||
Property | Property | Property | Property | |||||||||||||
Quarterly Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale/leaseback transaction investment | ' | ' | ' | ' | ' | ' | ' | ' | $72,500,000 | ' | ' | $72,500,000 | ' | ' | ' | ' |
Acquisition of real estate assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16 | 16 | 20 | 20 | ' | ' |
Number of sale/leaseback transactions | 2 | ' | ' | ' | ' | 2 | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' |
Other revenue | ' | ' | ' | ' | ' | 3,126,000 | ' | ' | ' | 3,126,000 | ' | ' | ' | ' | ' | ' |
Net credit for bad debt expense | ' | ' | ' | ' | ' | 20,854,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charges | 5,708,000 | ' | ' | ' | 3,390,000 | 13,425,000 | 13,942,000 | 20,226,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Non cash deferred rent receivable reserve | 4,775,000 | ' | ' | ' | ' | 4,775,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rental property expenses | ' | 933,000 | 571,000 | 222,000 | ' | 29,326,000 | 28,637,000 | 15,514,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Account receivable reserve | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,980,000 |
Reversal of accounts receivable reserves | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,781,000 | ' |
PROPERTY_ACQUISITIONS_Capitol_
PROPERTY ACQUISITIONS - Capitol Petroleum Group Sale/Leaseback - Additional Information (Detail) (USD $) | 1 Months Ended | 12 Months Ended | ||
31-May-13 | Dec. 31, 2013 | Dec. 31, 2012 | 9-May-13 | |
Lease | Transactions | Property | Transactions | |
Property | ||||
Business Acquisition [Line Items] | ' | ' | ' | ' |
Sale/leaseback transaction investment | ' | ' | ' | $72,500,000 |
Number of sale/leaseback transactions | ' | 2 | ' | 2 |
Number of Triple-Net Unitary Leases | 2 | ' | ' | ' |
Number of Lease Renewal Options | 3 | ' | ' | ' |
Amount of Credit Line Borrowings Used to Finance Acquisition | 57,500,000 | ' | ' | ' |
Number of gasoline stations acquired during year | ' | 3 | 5 | ' |
Properties in separate transactions for an aggregate purchase price | ' | 750,000 | 5,159,000 | ' |
Land [Member] | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' |
Purchase price allocation, assets acquired | ' | 62,365,000 | ' | ' |
Purchase price allocated to direct financing and capital lease assets | ' | 6,267,000 | ' | ' |
Purchase price allocated to in-place lease and other intangible assets | ' | 3,868,000 | ' | ' |
Transaction cost related to acquisition | ' | 480,000 | ' | ' |
Mobil-branded Gasoline Station [Member] | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' |
Acquisition of real estate assets | 16 | 16 | ' | ' |
Sale/leaseback transaction investment | ' | 72,500,000 | ' | ' |
Exxon and Shell Gasoline Station [Member] | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' |
Acquisition of real estate assets | 20 | 20 | ' | ' |
Internal Revenue Code Section 1031 [Member] | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' |
Amount of 1031 Exchange Proceeds Used To Finance Acquisition | $11,500,000 | ' | ' | ' |
PROPERTY_ACQUISITIONS_CPD_NY_S
PROPERTY ACQUISITIONS - CPD NY Sale/Leaseback - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Jan. 31, 2011 | Jan. 31, 2011 | Jan. 31, 2011 | Jan. 31, 2011 | Jan. 31, 2011 | Jan. 31, 2011 | Mar. 31, 2011 | Mar. 31, 2011 | Jan. 31, 2011 |
Land [Member] | CPD NY [Member] | CPD NY [Member] | CPD Lease [Member] | CPD Loan [Member] | CPD NY Energy Corp. [Member] | ExxonMobil [Member] | Nouria [Member] | Nouria [Member] | Nouria [Member] | |
Land [Member] | Terms | Property | Property | Land [Member] | CPD Loan [Member] | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
The number of Mobil-branded gasoline stations in which we took a security interest | ' | ' | ' | ' | ' | 59 | ' | ' | ' | ' |
Number of other Mobil-branded gasoline stations in which we took a security interest | ' | ' | ' | ' | ' | 6 | ' | ' | ' | ' |
Sale/leaseback transaction investment | ' | ' | ' | ' | ' | $111,621,000 | ' | ' | ' | ' |
Acquisition of real estate assets | ' | ' | ' | ' | ' | ' | 65 | ' | ' | ' |
Sale/leaseback, initial term in years | ' | ' | ' | '15 years | ' | ' | ' | ' | ' | ' |
Sale/leaseback number of renewal terms | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' |
The number of years in the final renewal term for Nouria | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years |
Self amortizing loan term | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' |
Purchase price allocation, assets acquired | ' | ' | 60,610,000 | ' | ' | ' | ' | ' | 37,875,000 | ' |
Leasehold interest as Lessee accounted as deferred asset | ' | 953,000 | ' | ' | ' | ' | ' | 3,895,000 | ' | ' |
Leasehold interest as Lessor accounted as deferred liability | ' | 2,516,000 | ' | ' | ' | ' | ' | 3,768,000 | ' | ' |
Purchase price allocated to direct financing and capital lease assets | 6,267,000 | 38,752,000 | ' | ' | ' | ' | ' | 37,315,000 | ' | ' |
Purchase price accounted for in notes, mortgages and accounts receivable, net | ' | 18,400,000 | ' | ' | ' | ' | ' | 12,000,000 | ' | ' |
Capital lease obligation | ' | 5,768,000 | ' | ' | ' | ' | ' | 1,114,000 | ' | ' |
Transaction cost related to acquisition | $480,000 | $1,190,000 | ' | ' | ' | ' | ' | $844,000 | ' | ' |
PROPERTY_ACQUISITIONS_Nouria_S
PROPERTY ACQUISITIONS - Nouria Sale/Leaseback - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Mar. 31, 2011 | Mar. 31, 2011 | Mar. 31, 2011 | Mar. 31, 2011 |
Land [Member] | Nouria Lease [Member] | Nouria Energy Ventures [Member] | Nouria [Member] | Nouria [Member] | |
Terms | Property | Land [Member] | |||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Acquisition of real estate assets | ' | ' | 66 | ' | ' |
Sale/leaseback transaction investment | ' | ' | $87,047,000 | ' | ' |
Sale/leaseback, initial term in years | ' | '20 years | ' | ' | ' |
Sale/leaseback number of renewal terms | ' | 2 | ' | ' | ' |
Extendable maturity period for each renewable term | ' | '10 years | ' | ' | ' |
Number of final renewal term | ' | 1 | ' | ' | ' |
Number of years in final lease term renewal | ' | '5 years | ' | ' | ' |
Purchase price allocation, assets acquired | ' | ' | ' | ' | 37,875,000 |
Leasehold interest as Lessee accounted as deferred asset | ' | ' | ' | 3,895,000 | ' |
Leasehold interest as Lessor accounted as deferred liability | ' | ' | ' | 3,768,000 | ' |
Purchase price allocated to direct financing and capital lease assets | 6,267,000 | ' | ' | 37,315,000 | ' |
Purchase price accounted for in notes, mortgages and accounts receivable, net | ' | ' | ' | 12,000,000 | ' |
Capital lease obligation | ' | ' | ' | 1,114,000 | ' |
Transaction cost related to acquisition | $480,000 | ' | ' | $844,000 | ' |
PROPERTY_ACQUISITIONS_Acquired
PROPERTY ACQUISITIONS - Acquired Intangible Assets - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Above- Market and Below- Market Leases [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Finite lived intangible asset | $3,784,000 | $4,304,000 | ' |
Finite lived intangible liabilities | 8,685,000 | 9,666,000 | ' |
Above- Market and Below- Market Leases [Member] | Operating Income [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Amortization from acquired leases | 986,000 | 1,113,000 | 1,215,000 |
Above- Market and Below- Market Leases [Member] | Operating Expense [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Amortization from acquired leases | 353,000 | 529,000 | 533,000 |
Above- Market and Below- Market Leases [Member] | Prepaid Expenses And Other Assets [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Accumulated amortization | 2,727,000 | 2,209,000 | ' |
Above- Market and Below- Market Leases [Member] | Accounts Payable and Accrued Liabilities [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Accumulated amortization | 8,940,000 | 7,788,000 | ' |
In-Place Leases [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Finite lived intangible asset | 5,169,000 | 1,694,000 | ' |
Accumulated amortization | 2,290,000 | 1,882,000 | ' |
Depreciation and amortization expense | $408,000 | $241,000 | $256,000 |
PROPERTY_ACQUISITIONS_Schedule
PROPERTY ACQUISITIONS - Schedule of Amortization for Acquired Intangible Assets (Detail) (USD $) | Dec. 31, 2013 |
Above Market Leases [Member] | Lessor [Member] | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' |
2014 | $159,000 |
2015 | 155,000 |
2016 | 155,000 |
2017 | 142,000 |
2018 | 40,000 |
Thereafter | 50,000 |
Total | 701,000 |
Below Market Leases [Member] | Lessor [Member] | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' |
2014 | 1,114,000 |
2015 | 1,056,000 |
2016 | 1,037,000 |
2017 | 973,000 |
2018 | 918,000 |
Thereafter | 3,587,000 |
Total | 8,685,000 |
Below Market Leases [Member] | Lessee [Member] | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' |
2014 | 333,000 |
2015 | 333,000 |
2016 | 333,000 |
2017 | 320,000 |
2018 | 317,000 |
Thereafter | 1,447,000 |
Total | 3,083,000 |
In-Place Leases [Member] | Lessor [Member] | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' |
2014 | 472,000 |
2015 | 450,000 |
2016 | 444,000 |
2017 | 430,000 |
2018 | 403,000 |
Thereafter | 2,970,000 |
Total | $5,169,000 |
PROPERTY_ACQUISITIONS_Pro_Form
PROPERTY ACQUISITIONS - Pro Forma Condensed Financial Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Business Combinations [Abstract] | ' | ' | ' |
Revenues | $104,710 | $102,086 | $102,322 |
Net earnings | $71,277 | $15,792 | $17,991 |
Basic and diluted net earnings per common share | $2.11 | $0.47 | $0.54 |
SUPPLEMENTAL_CONDENSED_COMBINI2
SUPPLEMENTAL CONDENSED COMBINING FINANCIAL INFORMATION - Supplemental Condensed Combining Statement of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Real Estate Properties [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from rental properties | ' | ' | ' | $22,395 | $21,172 | $23,819 | $25,487 | ' | ' | $95,940 | $92,873 | $91,053 |
Interest on notes and mortgages receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,397 | 2,882 | 2,658 |
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102,463 | 95,755 | 93,711 |
Operating expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rental property expenses | -933 | -571 | -222 | ' | ' | ' | ' | ' | ' | -29,326 | -28,637 | -15,514 |
Impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,296 | -5,133 | -12,715 |
Environmental expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | -12,021 | -860 | -5,362 |
General and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,071 | -27,634 | -20,981 |
Allowance for deferred rent receivable | ' | ' | ' | ' | ' | ' | ' | -8,715 | -11,043 | -4,206 | ' | -16,529 |
Depreciation and amortization expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,311 | -10,567 | -8,613 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | -63,231 | -72,831 | -79,714 |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39,232 | 22,924 | 13,997 |
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102 | 520 | 16 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | -11,667 | -9,931 | -5,125 |
Earnings (loss) from continuing operations | ' | ' | ' | 4,007 | 2,717 | 1,785 | 5,004 | ' | ' | 27,667 | 13,513 | 8,888 |
Discontinued operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (loss) from operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,161 | -7,946 | 2,620 |
Gains on dispositions of real estate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45,505 | 6,880 | 948 |
Earnings from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42,344 | -1,066 | 3,568 |
Net earnings (loss) | ' | ' | ' | 5,801 | -3,465 | 3,626 | 6,485 | ' | ' | 70,011 | 12,447 | 12,456 |
Getty Petroleum Marketing [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Real Estate Properties [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from rental properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42,953 |
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42,953 |
Operating expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rental property expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,602 |
Impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -11,452 |
Environmental expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,240 |
General and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,815 |
Allowance for deferred rent receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16,529 |
Depreciation and amortization expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,336 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -51,974 |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,021 |
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 641 |
Earnings (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -8,380 |
Discontinued operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (loss) from operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,874 |
Earnings from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,874 |
Net earnings (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,506 |
Other Tenants [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Real Estate Properties [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from rental properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 48,100 |
Interest on notes and mortgages receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,489 |
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,589 |
Operating expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rental property expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,271 |
Impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,263 |
Environmental expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -122 |
General and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,783 |
Depreciation and amortization expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,231 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -15,670 |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,919 |
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -621 |
Earnings (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,298 |
Discontinued operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (loss) from operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -254 |
Gains on dispositions of real estate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 948 |
Earnings from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 694 |
Net earnings (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,992 |
Corporate Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Real Estate Properties [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest on notes and mortgages receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 169 |
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 169 |
Operating expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rental property expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -641 |
General and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -11,383 |
Depreciation and amortization expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -46 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -12,070 |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -11,901 |
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,125 |
Earnings (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -17,030 |
Discontinued operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($17,030) |
SUPPLEMENTAL_CONDENSED_COMBINI3
SUPPLEMENTAL CONDENSED COMBINING FINANCIAL INFORMATION - Supplemental Condensed Combining Statement of Cash Flows (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net earnings (loss) | $70,011 | $12,447 | $12,456 |
Adjustments to reconcile net earnings (loss) to net cash flow provided by operating activities: | ' | ' | ' |
Depreciation and amortization expense | 9,927 | 13,700 | 10,336 |
Impairment charges | 13,425 | 13,942 | 20,226 |
Gains on dispositions of real estate | ' | ' | -968 |
Deferred rent receivable, net of allowance | -4,445 | -4,368 | 19,305 |
Allowance for accounts receivable | -20,854 | 15,903 | 9,121 |
Amortization of above-market and below-market leases | 160 | -285 | -685 |
Amortization of credit agreement origination costs | 1,650 | 3,396 | 207 |
Accretion expense | 3,214 | 3,174 | 899 |
Stock-based employee compensation expense | 971 | 757 | 643 |
Changes in assets and liabilities: | ' | ' | ' |
Accounts receivable, net | 20,847 | -15,848 | -14,890 |
Prepaid expenses and other assets | -201 | -8,004 | 151 |
Environmental remediation obligations | -15,611 | -9,009 | -1,981 |
Accounts payable and accrued liabilities | 10,089 | -3,054 | 5,935 |
Net cash flow provided by (used in) operating activities | 43,678 | 15,885 | 60,755 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Property acquisitions and capital expenditures | -67,174 | -4,148 | -99,926 |
Investments in direct financing leases | ' | ' | -67,569 |
Proceeds from dispositions of real estate | 66,349 | 9,855 | 2,317 |
Change in cash held for property acquisitions | -16,467 | -1,615 | -750 |
Amortization of investment in direct financing leases | 1,025 | 728 | 505 |
Issuance of notes, mortgages and other receivables | ' | ' | -30,400 |
Collection of notes and mortgages receivable | ' | ' | 2,679 |
Net cash flow (used in) provided by investing activities | -6,847 | 3,551 | -193,144 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings under credit line | 130,400 | 4,000 | 247,253 |
Repayments under credit line | -222,690 | -1,410 | -140,853 |
Repayments under term loan agreement | -22,030 | -780 | -780 |
Payments of capital lease obligations | -220 | -152 | -59 |
Payments of cash dividends | -24,419 | -8,404 | -63,436 |
Payments of loan origination costs | -2,842 | -4,144 | -175 |
Security deposits received | 129 | 650 | 29 |
Net proceeds from issuance of common stock | ' | ' | 91,986 |
Cash consolidation- Corporate | ' | ' | ' |
Net cash flow (used in) provided by financing activities | -41,672 | -10,258 | 133,965 |
Net increase in cash and cash equivalents | -4,841 | 9,178 | 1,576 |
Cash and cash equivalents at beginning of year | 16,876 | 7,698 | 6,122 |
Cash and cash equivalents at end of year | 12,035 | 16,876 | 7,698 |
Getty Petroleum Marketing [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net earnings (loss) | ' | ' | -5,506 |
Adjustments to reconcile net earnings (loss) to net cash flow provided by operating activities: | ' | ' | ' |
Depreciation and amortization expense | ' | ' | 5,024 |
Impairment charges | ' | ' | 18,676 |
Gains on dispositions of real estate | ' | ' | -641 |
Deferred rent receivable, net of allowance | ' | ' | 21,221 |
Allowance for accounts receivable | ' | ' | 8,802 |
Amortization of above-market and below-market leases | ' | ' | ' |
Amortization of credit agreement origination costs | ' | ' | ' |
Accretion expense | ' | ' | 879 |
Stock-based employee compensation expense | ' | ' | ' |
Changes in assets and liabilities: | ' | ' | ' |
Accounts receivable, net | ' | ' | -14,851 |
Prepaid expenses and other assets | ' | ' | ' |
Environmental remediation obligations | ' | ' | -1,304 |
Accounts payable and accrued liabilities | ' | ' | 3,040 |
Net cash flow provided by (used in) operating activities | ' | ' | 35,340 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Property acquisitions and capital expenditures | ' | ' | ' |
Investments in direct financing leases | ' | ' | ' |
Proceeds from dispositions of real estate | ' | ' | 1,604 |
Change in cash held for property acquisitions | ' | ' | ' |
Amortization of investment in direct financing leases | ' | ' | ' |
Issuance of notes, mortgages and other receivables | ' | ' | ' |
Collection of notes and mortgages receivable | ' | ' | ' |
Net cash flow (used in) provided by investing activities | ' | ' | 1,604 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings under credit line | ' | ' | ' |
Repayments under credit line | ' | ' | ' |
Repayments under term loan agreement | ' | ' | ' |
Payments of capital lease obligations | ' | ' | ' |
Payments of cash dividends | ' | ' | ' |
Payments of loan origination costs | ' | ' | ' |
Security deposits received | ' | ' | ' |
Net proceeds from issuance of common stock | ' | ' | ' |
Cash consolidation- Corporate | ' | ' | -36,944 |
Net cash flow (used in) provided by financing activities | ' | ' | -36,944 |
Net increase in cash and cash equivalents | ' | ' | ' |
Cash and cash equivalents at beginning of year | ' | ' | ' |
Cash and cash equivalents at end of year | ' | ' | ' |
Other Tenants [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net earnings (loss) | ' | ' | 34,992 |
Adjustments to reconcile net earnings (loss) to net cash flow provided by operating activities: | ' | ' | ' |
Depreciation and amortization expense | ' | ' | 5,266 |
Impairment charges | ' | ' | 1,550 |
Gains on dispositions of real estate | ' | ' | -327 |
Deferred rent receivable, net of allowance | ' | ' | -1,916 |
Allowance for accounts receivable | ' | ' | 319 |
Amortization of above-market and below-market leases | ' | ' | -685 |
Amortization of credit agreement origination costs | ' | ' | ' |
Accretion expense | ' | ' | 20 |
Stock-based employee compensation expense | ' | ' | ' |
Changes in assets and liabilities: | ' | ' | ' |
Accounts receivable, net | ' | ' | -39 |
Prepaid expenses and other assets | ' | ' | -68 |
Environmental remediation obligations | ' | ' | -677 |
Accounts payable and accrued liabilities | ' | ' | 692 |
Net cash flow provided by (used in) operating activities | ' | ' | 39,127 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Property acquisitions and capital expenditures | ' | ' | -99,902 |
Investments in direct financing leases | ' | ' | -67,569 |
Proceeds from dispositions of real estate | ' | ' | 1,781 |
Change in cash held for property acquisitions | ' | ' | ' |
Amortization of investment in direct financing leases | ' | ' | 505 |
Issuance of notes, mortgages and other receivables | ' | ' | -30,400 |
Collection of notes and mortgages receivable | ' | ' | 2,415 |
Net cash flow (used in) provided by investing activities | ' | ' | -193,170 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings under credit line | ' | ' | ' |
Repayments under credit line | ' | ' | ' |
Repayments under term loan agreement | ' | ' | ' |
Payments of capital lease obligations | ' | ' | -59 |
Payments of cash dividends | ' | ' | ' |
Payments of loan origination costs | ' | ' | ' |
Security deposits received | ' | ' | 29 |
Net proceeds from issuance of common stock | ' | ' | ' |
Cash consolidation- Corporate | ' | ' | 154,073 |
Net cash flow (used in) provided by financing activities | ' | ' | 154,043 |
Net increase in cash and cash equivalents | ' | ' | ' |
Cash and cash equivalents at beginning of year | ' | ' | ' |
Cash and cash equivalents at end of year | ' | ' | ' |
Corporate Segment [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net earnings (loss) | ' | ' | -17,030 |
Adjustments to reconcile net earnings (loss) to net cash flow provided by operating activities: | ' | ' | ' |
Depreciation and amortization expense | ' | ' | 46 |
Impairment charges | ' | ' | ' |
Gains on dispositions of real estate | ' | ' | ' |
Deferred rent receivable, net of allowance | ' | ' | ' |
Allowance for accounts receivable | ' | ' | ' |
Amortization of above-market and below-market leases | ' | ' | ' |
Amortization of credit agreement origination costs | ' | ' | 207 |
Accretion expense | ' | ' | ' |
Stock-based employee compensation expense | ' | ' | 643 |
Changes in assets and liabilities: | ' | ' | ' |
Accounts receivable, net | ' | ' | ' |
Prepaid expenses and other assets | ' | ' | 219 |
Environmental remediation obligations | ' | ' | ' |
Accounts payable and accrued liabilities | ' | ' | 2,203 |
Net cash flow provided by (used in) operating activities | ' | ' | -13,712 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Property acquisitions and capital expenditures | ' | ' | -24 |
Investments in direct financing leases | ' | ' | ' |
Proceeds from dispositions of real estate | ' | ' | -1,068 |
Change in cash held for property acquisitions | ' | ' | -750 |
Amortization of investment in direct financing leases | ' | ' | ' |
Issuance of notes, mortgages and other receivables | ' | ' | ' |
Collection of notes and mortgages receivable | ' | ' | 264 |
Net cash flow (used in) provided by investing activities | ' | ' | -1,578 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings under credit line | ' | ' | 247,253 |
Repayments under credit line | ' | ' | -140,853 |
Repayments under term loan agreement | ' | ' | -780 |
Payments of capital lease obligations | ' | ' | ' |
Payments of cash dividends | ' | ' | -63,436 |
Payments of loan origination costs | ' | ' | -175 |
Security deposits received | ' | ' | ' |
Net proceeds from issuance of common stock | ' | ' | 91,986 |
Cash consolidation- Corporate | ' | ' | -117,129 |
Net cash flow (used in) provided by financing activities | ' | ' | 16,866 |
Net increase in cash and cash equivalents | ' | ' | 1,576 |
Cash and cash equivalents at beginning of year | ' | ' | 6,122 |
Cash and cash equivalents at end of year | ' | ' | $7,698 |
Recovered_Sheet1
Schedule II - Valuation and Qualifying Accounts and Reserves (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance For Deferred Rent Receivable [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at beginning of year | ' | $25,630 | $8,170 |
Additions | 4,775 | ' | 17,460 |
Deductions | ' | 25,630 | ' |
Balance at end of year | 4,775 | ' | 25,630 |
Allowance For Accounts Receivables [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at beginning of year | 25,371 | 9,480 | 361 |
Additions | 4,027 | 15,903 | 9,121 |
Deductions | 26,150 | 12 | 2 |
Balance at end of year | 3,248 | 25,371 | 9,480 |
Allowance For Deposits Held In Escrow [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at beginning of year | ' | 377 | 377 |
Additions | ' | ' | ' |
Deductions | ' | 377 | ' |
Balance at end of year | ' | ' | $377 |
Recovered_Sheet2
Schedule III - Real Estate and Accumulated Depreciation and Amortization - Schedule of Changes in Real Estate Assets and Accumulated Depreciation (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Investment in real estate: | ' | ' | ' |
Balance at beginning of year | $562,316 | $615,854 | $504,587 |
Acquisitions and capital expenditures | 76,016 | 10,976 | 151,090 |
Impairment | -23,238 | -23,354 | -35,246 |
Sales and condemnations | -42,884 | -40,381 | -3,219 |
Lease expirations/settlements | -1,935 | -779 | -1,358 |
Balance at end of year | 570,275 | 562,316 | 615,854 |
Accumulated depreciation and amortization: | ' | ' | ' |
Balance at beginning of year | 116,768 | 137,117 | 144,217 |
Depreciation and amortization expense | 9,231 | 13,375 | 10,080 |
Impairment | -9,813 | -9,412 | -15,020 |
Sales and condemnations | -11,474 | -23,533 | -802 |
Lease expirations/settlements | -1,260 | -779 | -1,358 |
Balance at end of year | $103,452 | $116,768 | $137,117 |
Schedule_III_Real_Estate_and_A1
Schedule III - Real Estate and Accumulated Depreciation and Amortization - Additional Information (Detail) (USD $) | Dec. 31, 2013 |
Schedule Of Investments In Real Estate [Line Items] | ' |
Properties net value | $154,117,000 |
Security for senior secured revolving credit agreement | 100,000,000 |
Jp Morgan Chase Bank [Member] | ' |
Schedule Of Investments In Real Estate [Line Items] | ' |
Security for senior secured revolving credit agreement | $175,000,000 |
Schedule_III_Real_Estate_and_A2
Schedule III - Real Estate and Accumulated Depreciation and Amortization (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | AR | AR | AR | CA | CA | CA | CA | CA | CA | CA | CA | CA | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | CT | DC | DC | DE | DE | DE | FL | FL | FL | FL | HI | HI | HI | HI | HI | HI | HI | HI | HI | HI | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MA | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | MD | ME | ME | ME | ME | ME | NC | NC | NC | ND | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NH | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NJ | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | NY | OH | OH | OH | OH | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | PA | RI | RI | RI | RI | RI | RI | RI | RI | RI | RI | RI | TX | TX | TX | TX | TX | TX | TX | TX | TX | TX | TX | TX | TX | TX | TX | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | VA | X1 | US | ||||
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Amherst [Member] | Astoria [Member] | Avoca [Member] | Batavia [Member] | Bay Shore [Member] | Bay Shore [Member] | Bayside [Member] | Bayside [Member] | Bellaire [Member] | Bethpage [Member] | Brentwood [Member] | Brewster [Member] | Brewster [Member] | Briarcliff Manor [Member] | Bronx [Member] | Bronx [Member] | Bronx [Member] | Bronx [Member] | Bronx [Member] | Bronx [Member] | Bronx [Member] | Bronx [Member] | Bronx [Member] | Bronx [Member] | Bronx [Member] | Bronx [Member] | Bronxville [Member] | Brooklyn [Member] | Brooklyn [Member] | Brooklyn [Member] | Brooklyn [Member] | Brooklyn [Member] | Brooklyn [Member] | Brooklyn [Member] | Brooklyn [Member] | Brooklyn [Member] | Buffalo [Member] | Byron [Member] | Cairo [Member] | Castile [Member] | Central Islip [Member] | Central Islip [Member] | Chester [Member] | Churchville [Member] | Colonie [Member] | Commack [Member] | Corona [Member] | Corona [Member] | Cortland Manor [Member] | Dobbs Ferry [Member] | Dobbs Ferry [Member] | East Hampton [Member] | East Hills [Member] | East Islip [Member] | East Pembroke [Member] | Eastchester [Member] | Eastchester [Member] | Ellenville [Member] | Elmont [Member] | Elmsford [Member] | Elmsford [Member] | Fishkill [Member] | Floral Park [Member] | Flushing [Member] | Flushing [Member] | Flushing [Member] | Flushing [Member] | Forrest Hill [Member] | Franklin Square [Member] | Friendship [Member] | Garden City [Member] | Garnerville [Member] | Glen Head [Member] | Glen Head [Member] | Glendale [Member] | Glendale [Member] | Glenville [Member] | Great Neck [Member] | Greigsville [Member] | Hamburg [Member] | Hancock [Member] | Hartsdale [Member] | Hawthorne [Member] | Hopewell Junction [Member] | Jericho [Member] | Katonah [Member] | Lagrangeville [Member] | Lake Ronkonkoma [Member] | Lakeville [Member] | Levittown [Member] | Levittown [Member] | Long Island City [Member] | Long Island City [Member] | Malta [Member] | Mamaroneck [Member] | Massapequa [Member] | Mastic [Member] | Menands [Member] | Middletown [Member] | Millerton [Member] | Millwood [Member] | Mount Kisco [Member] | Mount Vernon [Member] | Nanuet [Member] | New Paltz [Member] | New Rochelle [Member] | New Rochelle [Member] | New Windsor [Member] | New York [Member] | Newburgh [Member] | Newburgh [Member] | Newburgh [Member] | Niskayuna [Member] | North Babylon [Member] | North Merrick [Member] | Northport [Member] | Ossining [Member] | Ossining [Member] | Peekskill [Member] | Pelham [Member] | Pleasant Valley [Member] | Port Chester [Member] | Port Chester [Member] | Port Ewen [Member] | Port Jefferson [Member] | Poughkeepsie [Member] | Poughkeepsie [Member] | Poughkeepsie [Member] | Poughkeepsie [Member] | Poughkeepsie [Member] | Poughkeepsie [Member] | Poughkeepsie [Member] | Queensbury [Member] | Rego Park [Member] | Rego Park [Member] | Rhinebeck [Member] | Riverhead [Member] | Rockville Centre [Member] | Rokaway Park [Member] | Ronkonkoma [Member] | Rye [Member] | Sag Harbor [Member] | Savona [Member] | Sayville [Member] | Scarsdale [Member] | Scarsdale [Member] | Schenectady [Member] | Shrub Oak [Member] | Sleepy Hollow [Member] | Spring Valley [Member] | St Albans [Member] | Staten Island [Member] | Staten Island [Member] | Staten Island [Member] | Staten Island [Member] | Staten Island [Member] | Staten Island [Member] | Tarrytown [Member] | Thornwood [Member] | Tuchahoe [Member] | Valley Cottage [Member] | Wantagh [Member] | Wappingers Falls [Member] | Wappingers Falls [Member] | Wappingers Falls [Member] | Warsaw [Member] | Warwick [Member] | Wellsville One [Member] | West Nyack [Member] | West Taghkanic [Member] | White Plains [Member] | White Plains [Member] | White Plains [Member] | Wyandanch [Member] | Yaphank [Member] | Yonkers [Member] | Yonkers [Member] | Yonkers [Member] | Yonkers [Member] | Yorktown Heights [Member] | Crestline [Member] | Mansfield [Member] | Mansfield [Member] | Monroeville [Member] | Bristol [Member] | Hamburg [Member] | Aldan [Member] | Aldan [Member] | Allentown [Member] | Allison Park [Member] | Bryn Mawr [Member] | Clifton Hgts [Member] | Clifton Hgts [Member] | Conshohocken [Member] | Elkins Park [Member] | Feasterville [Member] | Furlong [Member] | Harrisburg [Member] | Hatboro [Member] | Havertown [Member] | Havertown [Member] | Huntingdon Valley [Member] | Lancaster [Member] | Lancaster [Member] | Lancaster [Member] | Laureldale [Member] | Media [Member] | Mohnton [Member] | Morrisville [Member] | New Holland [Member] | New Kensington [Member] | New Oxford [Member] | Norristown [Member] | Norristown [Member] | Philadelphia [Member] | Philadelphia [Member] | Philadelphia [Member] | Philadelphia [Member] | Philadelphia [Member] | Philadelphia [Member] | Philadelphia [Member] | Philadelphia [Member] | Philadelphia [Member] | Philadelphia [Member] | Philadelphia [Member] | Phoenixville [Member] | Pottstown One [Member] | Pottsville [Member] | Pottsville [Member] | Reading [Member] | Reading [Member] | Souderton [Member] | Trappe [Member] | Trevose [Member] | Wakefield [Member] | Warwick [Member] | Ashaway [Member] | Barrington [Member] | Cranston [Member] | East Providence [Member] | East Providence [Member] | NProvidence [Member] | North Kingstown [Member] | Providence [Member] | Warwick [Member] | Austin [Member] | Austin [Member] | Austin [Member] | Bedford [Member] | Ft Worth [Member] | Harker Heights [Member] | Houston [Member] | Keller [Member] | Lewisville [Member] | Midlothian [Member] | Nrichland Hills [Member] | San Marcos [Member] | Temple [Member] | The Colony One [Member] | Waco [Member] | Arlington [Member] | Ashland [Member] | Portsmouth [Member] | Alexandria [Member] | Alexandria [Member] | Alexandria [Member] | Alexandria [Member] | Alexandria [Member] | Alexandria [Member] | Alexandria [Member] | Alexandria [Member] | Annandale [Member] | Arlington [Member] | Arlington [Member] | Arlington [Member] | Chesapeake [Member] | Chesapeake [Member] | Fairfax [Member] | Fairfax [Member] | Fairfax [Member] | Fairfax [Member] | Farmville [Member] | Fredericksburg [Member] | Fredericksburg [Member] | Fredericksburg [Member] | Fredericksburg [Member] | Glen Allen [Member] | Glen Allen [Member] | King George [Member] | King William [Member] | Mechanicsville [Member] | Mechanicsville [Member] | Mechanicsville [Member] | Mechanicsville [Member] | Mechanicsville [Member] | Mechanicsville [Member] | Montpelier [Member] | Norfolk [Member] | Petersburg [Member] | Richmond [Member] | Ruther Glen [Member] | Sandston [Member] | Spotsylvania [Member] | Springfield [Member] | Miscellaneous [Member] | ||||||||
Schedule Of Investments In Real Estate [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Initial Cost of Leasehold or Acquisition Investment to Company | ' | ' | ' | ' | $1,468 | $2,985 | $869 | $1,370 | $2,223 | $2,235 | $1,292 | $1,354 | $1,643 | $1,972 | $1,439 | $1,941 | $731 | $141 | $350 | $313 | $313 | $378 | $338 | $346 | $109 | $360 | $1,594 | $254 | $365 | $58 | $490 | $396 | $667 | $994 | $208 | $347 | $1,295 | $260 | $430 | $466 | $51 | $665 | $571 | $233 | $66 | $208 | $1,532 | $1,039 | $133 | $294 | $391 | $1,413 | $538 | $217 | $114 | $954 | $130 | $405 | $257 | $511 | $0 | $0 | $545 | $931 | $535 | $402 | $318 | $644 | $545 | $116 | $507 | $603 | $507 | $285 | $237 | $182 | $1,434 | $551 | $107 | $804 | $515 | $468 | $925 | $352 | $185 | $1,215 | $345 | $603 | $447 | $717 | $519 | $1,433 | $1,030 | $70 | $940 | $848 | $237 | $406 | $382 | $560 | $486 | $545 | $868 | $1,522 | $1,539 | $1,769 | $1,070 | $9,211 | $1,978 | $1,364 | $1,997 | $1,520 | $2,459 | $0 | $1,300 | $518 | $607 | $600 | $625 | $725 | $800 | $175 | $369 | $536 | $1,350 | $734 | $301 | $390 | $400 | $650 | $190 | $600 | $1,250 | $275 | $715 | $587 | $386 | $178 | $400 | $226 | $450 | $270 | $343 | $519 | $247 | $390 | $142 | $427 | $400 | $550 | $1,008 | $241 | $225 | $383 | $353 | $651 | $222 | $499 | $571 | $361 | $375 | $850 | $400 | $550 | $735 | $600 | $650 | $380 | $490 | $300 | $522 | $482 | $691 | $394 | $663 | $245 | $405 | $260 | $294 | $650 | $550 | $400 | $123 | $200 | $574 | $1,300 | $579 | $600 | $275 | $1,073 | $450 | $400 | $232 | $276 | $476 | $775 | $714 | $1,200 | $429 | $900 | $450 | $358 | $1,012 | $312 | $490 | $450 | $312 | $123 | $275 | $600 | $508 | $350 | $400 | $300 | $550 | $500 | $498 | $386 | $276 | $168 | $343 | $231 | $276 | $547 | $979 | $285 | $271 | $300 | $651 | $692 | $429 | $2,259 | $802 | $1,130 | $731 | $525 | $1,050 | $571 | $1,084 | $628 | $536 | $445 | $479 | $388 | $895 | $147 | $1,039 | $422 | $1,153 | $491 | $594 | $1,358 | $457 | $753 | $662 | $822 | $2,523 | $1,415 | $1,530 | $1,267 | $1,210 | $696 | $1,256 | $788 | $582 | $468 | $377 | $673 | $331 | $845 | $449 | $618 | $342 | $180 | $181 | $449 | $395 | $350 | $1,232 | $550 | $190 | $743 | $450 | $1,787 | $2,301 | $130 | $675 | $900 | $950 | $418 | $1,200 | $650 | $300 | $170 | $220 | $113 | $1,737 | $1,562 | $336 | $1,500 | $703 | $1,100 | $197 | $825 | $750 | $1,750 | $500 | $550 | $500 | $300 | $225 | $525 | $550 | $939 | $1,400 | $1,600 | $700 | $211 | $800 | $577 | $362 | $398 | $215 | $566 | $382 | $442 | $1,508 | $358 | $272 | $720 | $607 | $281 | $118 | $406 | $547 | $1,246 | $683 | $494 | $278 | $640 | $245 | $237 | $410 | $402 | $1,305 | $872 | $514 | $671 | $201 | $270 | $456 | $630 | $295 | $227 | $434 | $844 | $382 | $418 | $620 | $191 | $470 | $703 | $703 | $552 | $253 | $346 | $374 | $466 | $685 | $1,303 | $338 | $437 | $336 | $912 | $450 | $490 | $474 | $1,049 | $751 | $1,281 | $349 | $990 | $853 | $559 | $595 | $0 | $1,257 | $1,444 | $553 | $405 | $714 | $223 | $1,684 | $936 | $684 | $48 | $156 | $245 | $470 | $330 | $211 | $253 | $789 | $303 | $652 | $141 | $90 | $78 | $89 | $390 | $104 | $423 | $1,910 | $953 | $884 | $2,407 | $877 | $1,232 | $282 | $148 | $75 | $116 | $277 | $627 | $477 | $422 | $237 | $312 | $969 | $192 | $307 | $103 | $572 | $1,158 | $1,011 | $245 | $321 | $114 | $2,543 | $1,872 | $671 | $1,345 | $659 | $242 | $89 | $787 | $534 | $1,724 | $233 | $389 | $0 | $1,453 | $1,793 | $617 | $516 | $1,947 | $2,479 | $1,936 | $1,273 | $153 | $393 | $362 | $1,508 | $234 | $462 | $124 | $369 | $344 | $500 | $1,018 | $294 | $100 | $1,626 | $2,084 | $1,163 | $0 | $1,084 | $129 | $87 | $1,028 | $503 | $546 | $107 | $2,717 | $190 | $1,429 | $333 | $313 | $151 | $719 | $175 | $1,448 | $1,907 | $985 | $2,316 | $971 | $189 | $1,887 | $1,084 | $126 | $527 | $1,192 | $431 | $425 | $92 | $510 | $241 | $141 | $231 | $2,207 | $1,035 | $399 | $1,015 | $941 | $657 | $387 | $33 | $591 | $1,020 | $1,340 | $1,306 | $1,355 | $1,232 | $215 | $34 | $2,784 | $204 | $723 | $350 | $1,605 | $76 | $872 | $704 | $1,314 | $345 | $257 | $1,301 | $225 | $1,061 | $281 | $749 | $330 | $174 | $0 | $301 | $358 | $350 | $390 | $956 | $1,389 | $1,650 | $63 | $641 | $114 | $452 | $1,488 | $990 | $1,049 | $247 | $936 | $203 | $0 | $259 | $1,458 | $415 | $0 | $291 | $1,020 | $203 | $1,907 | $2,365 | $1,202 | $921 | $1,950 | $2,580 | $431 | $219 | $281 | $434 | $358 | $1,500 | $221 | $213 | $428 | $261 | $275 | $510 | $175 | $399 | $289 | $402 | $265 | $422 | $209 | $642 | $309 | $262 | $326 | $317 | $378 | $313 | $1,375 | $1,045 | $241 | $175 | $237 | $281 | $289 | $406 | $418 | $370 | $390 | $342 | $370 | $303 | $1,252 | $384 | $430 | $162 | $451 | $750 | $183 | $382 | $378 | $215 | $356 | $377 | $619 | $490 | $466 | $2,297 | $487 | $542 | $212 | $231 | $435 | $2,368 | $462 | $3,510 | $353 | $2,115 | $2,052 | $1,689 | $2,507 | $494 | $429 | $314 | $1,954 | $2,406 | $4,396 | $3,884 | $2,062 | $840 | $562 | $649 | $1,327 | $735 | $1,582 | $656 | $1,388 | $1,757 | $712 | $1,718 | $2,013 | $1,083 | $1,464 | $780 | $1,004 | $3,348 | $4,454 | $1,825 | $2,077 | $1,227 | $1,279 | $1,716 | $1,289 | $3,623 | $1,037 | $1,077 | $294 | $1,688 | $1,125 | $903 | $1,476 | $957 | $1,677 | $1,043 | $2,481 | $535 | $1,441 | $1,132 | $466 | $722 | $1,290 | $4,257 | $28,220 | $541,753 |
Cost Capitalized Subsequent to Initial Investment | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 107 | 98 | 56 | 51 | 24 | 114 | 22 | 12 | 113 | 0 | 0 | 0 | 0 | 339 | -69 | 0 | 333 | 0 | 70 | 14 | 0 | 0 | 10 | 0 | 174 | 0 | 0 | 33 | 214 | 63 | 0 | 0 | 308 | 45 | 0 | -701 | 175 | 23 | 170 | 0 | 181 | 0 | 157 | 60 | 658 | 945 | 0 | 0 | 122 | 36 | ' | 1,398 | 0 | 171 | 16 | 58 | 103 | 15 | 603 | 173 | 0 | 0 | 192 | 0 | 0 | 0 | 0 | 59 | 49 | 0 | 0 | 12 | 0 | 0 | 75 | 0 | 0 | 183 | 0 | 0 | 31 | -110 | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 20 | 0 | 0 | 0 | 0 | 271 | 0 | 27 | 6 | 0 | 0 | 0 | 0 | 79 | 137 | 10 | 0 | 73 | 134 | 29 | 158 | 0 | 37 | 0 | 0 | -8 | 0 | 48 | -117 | 48 | 0 | 18 | 0 | 191 | -104 | 44 | 40 | 33 | 218 | 17 | 23 | 0 | 225 | 0 | 6 | 18 | 25 | -339 | 7 | 44 | 0 | 84 | 9 | 0 | 0 | 0 | 7 | 0 | 0 | 64 | 16 | 51 | -203 | 96 | 26 | 33 | -343 | 35 | 12 | 75 | 9 | 0 | 0 | 41 | 118 | 180 | 123 | 0 | 45 | 0 | 24 | -434 | 0 | 0 | 39 | 46 | 2 | -493 | 127 | 0 | 25 | 0 | 11 | 118 | 238 | 29 | 71 | 0 | 21 | 161 | 51 | 0 | 304 | 46 | 0 | 0 | 0 | 0 | 138 | -96 | 9 | 103 | -68 | 13 | 17 | 10 | 8 | 44 | 16 | 25 | 0 | 0 | 163 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -114 | 8 | 90 | 50 | 88 | 0 | 0 | 83 | 0 | 0 | 42 | 19 | 47 | 0 | 0 | 206 | 0 | 0 | 0 | 15 | 0 | 0 | 0 | 77 | 44 | 274 | 0 | 0 | 0 | 0 | 30 | 0 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 98 | 9 | 0 | 0 | 12 | 0 | 0 | 0 | 15 | 336 | -160 | 66 | -84 | 46 | 89 | 29 | 69 | 0 | 83 | 0 | -263 | -101 | 25 | 144 | 161 | 17 | 75 | 221 | 96 | 51 | 324 | 60 | 167 | 55 | -6 | 0 | 37 | 30 | 12 | 178 | 0 | -164 | 120 | 67 | 377 | 82 | -295 | 35 | -139 | 17 | 65 | -85 | -184 | 100 | 54 | 35 | 88 | 26 | 14 | 45 | 0 | 76 | -91 | 56 | 25 | -186 | 121 | 103 | 0 | 33 | 0 | 171 | 0 | 0 | 0 | 0 | 235 | 0 | 0 | 0 | 144 | 0 | 0 | 0 | -1 | 0 | 275 | 123 | 225 | 81 | 38 | 38 | 49 | 0 | 47 | 454 | 166 | 145 | 528 | 194 | 54 | 382 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 206 | 215 | 272 | 253 | 25 | 56 | 74 | 88 | 89 | 0 | 0 | 181 | 0 | 151 | 17 | 0 | 0 | 164 | 26 | 322 | 0 | 0 | 73 | 0 | 39 | 78 | 377 | 0 | -154 | 0 | 92 | 92 | 230 | 0 | 0 | 48 | 0 | 0 | 0 | 0 | 0 | 99 | 0 | 14 | 0 | 192 | 45 | 128 | 34 | -103 | 24 | 0 | 0 | 141 | 0 | 0 | 0 | 380 | 0 | 190 | 157 | 0 | 42 | 86 | 194 | 0 | 123 | 0 | 29 | 110 | 82 | 0 | 147 | 0 | 0 | 0 | 0 | 0 | 44 | 0 | 0 | 175 | 0 | 0 | 148 | 35 | 130 | 150 | 33 | 199 | 56 | 0 | 0 | 154 | 0 | 0 | -422 | 61 | 208 | 0 | 0 | 0 | 0 | 0 | 0 | 82 | 275 | 0 | 195 | 0 | 66 | 0 | 208 | 0 | 35 | 0 | 0 | 133 | 0 | 38 | 253 | 400 | 0 | 66 | 92 | 244 | 77 | 38 | 44 | 89 | 0 | 0 | 0 | 171 | 0 | 144 | 0 | 0 | 0 | 0 | 0 | 0 | 383 | 509 | 101 | 0 | -110 | 579 | 177 | 100 | 18 | 0 | 0 | 0 | 0 | 0 | 0 | -172 | 76 | 36 | 17 | 30 | 0 | 50 | 25 | -109 | 83 | 14 | 107 | 151 | 212 | -54 | 22 | 24 | 36 | 53 | 18 | 4 | 16 | 120 | 11 | 39 | 13 | 0 | -226 | 28 | 128 | 25 | 27 | 49 | 133 | 58 | 95 | 27 | 40 | 136 | 50 | 0 | -39 | 49 | 68 | 1 | 49 | 127 | 38 | 44 | 20 | -106 | 37 | 0 | 85 | -203 | -1,503 | -208 | 62 | 115 | 14 | 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10 | 0 | 0 | 0 | 0 | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -185 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -114 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 1,842 | 28,522 |
Land | ' | ' | ' | ' | 149 | 330 | 173 | 910 | 1,058 | 1,217 | 780 | 950 | 849 | 1,389 | 0 | 749 | 403 | 90 | 228 | 204 | 204 | 246 | 220 | 230 | 44 | 0 | 1,036 | 150 | 237 | 20 | 267 | 0 | 434 | 0 | 84 | 301 | 842 | 0 | 280 | 303 | 20 | 432 | 371 | 152 | 65 | 84 | 989 | 675 | 131 | 191 | 254 | 569 | 351 | 141 | 0 | 620 | 83 | 252 | 104 | 332 | 402 | 620 | 354 | 605 | 348 | 167 | ' | 598 | 337 | 71 | 330 | 393 | 330 | 186 | 201 | 74 | 0 | 335 | 44 | 516 | 335 | 305 | 567 | 204 | 74 | 790 | 0 | 393 | 0 | 466 | 338 | 0 | 670 | 24 | 664 | 418 | 152 | 239 | 249 | 296 | 388 | 256 | 401 | 1,058 | 1,219 | 1,192 | 981 | 8,194 | 1,473 | 822 | 871 | 648 | 945 | 165 | 1,300 | 338 | 395 | 600 | 625 | 725 | 0 | 125 | 240 | 348 | 1,350 | 476 | 144 | 254 | 250 | 650 | 140 | 600 | 1,250 | 150 | 0 | 382 | 153 | 116 | 400 | 126 | 450 | 270 | 239 | 458 | 203 | 254 | 93 | 325 | 260 | 550 | 657 | 115 | 150 | 249 | 243 | 261 | 145 | 322 | 199 | 201 | 250 | 850 | 400 | 550 | 479 | 600 | 650 | 246 | 319 | 150 | 268 | 293 | 450 | 256 | 268 | 159 | 263 | 140 | 191 | 650 | 550 | 275 | 50 | 125 | 430 | 1,300 | 377 | 600 | 175 | 535 | 450 | 400 | 90 | 179 | 309 | 237 | 464 | 1,200 | 279 | 900 | 293 | 321 | 659 | 203 | 319 | 450 | 203 | 50 | 175 | 600 | 508 | 200 | 400 | 300 | 550 | 500 | 322 | 226 | 179 | 168 | 210 | 150 | 179 | 356 | 636 | 185 | 176 | 150 | 651 | 692 | 309 | 722 | 0 | 1,130 | 731 | 525 | 1,050 | 571 | 1,084 | 628 | 536 | 445 | 479 | 388 | 0 | 102 | 1,039 | 422 | 1,153 | 491 | 594 | 1,358 | 457 | 753 | 662 | 822 | 2,523 | 1,415 | 1,530 | 1,267 | 1,210 | 696 | 1,256 | 788 | 582 | 468 | 377 | 673 | 331 | 845 | 202 | 235 | 222 | 94 | 111 | 338 | 46 | 190 | 382 | 550 | 115 | 484 | 350 | 467 | 1,271 | 80 | 675 | 900 | 950 | 158 | 1,200 | 650 | 300 | 120 | 155 | 65 | 697 | 824 | 0 | 1,500 | 458 | 1,100 | 156 | 825 | 750 | 1,750 | 500 | 550 | 500 | 245 | 125 | 525 | 550 | 600 | 1,400 | 1,600 | 700 | 158 | 521 | 311 | 200 | 259 | 149 | 411 | 300 | 288 | 1,000 | 233 | 202 | 177 | 289 | 183 | 87 | 227 | 346 | 811 | 445 | 403 | 128 | 416 | 160 | 100 | 267 | 124 | 800 | 568 | 335 | 437 | 150 | 176 | 234 | 410 | 192 | 175 | 283 | 367 | 249 | 203 | 403 | 67 | 306 | 193 | 458 | 356 | 201 | 225 | 243 | 304 | 445 | 1,146 | 220 | 239 | 121 | 594 | 226 | 288 | 309 | 485 | 489 | 1,281 | 225 | 990 | 303 | 159 | 305 | 0 | 827 | 1,044 | 303 | 262 | 414 | 173 | 1,105 | 635 | 364 | 0 | 86 | 160 | 306 | 215 | 126 | 125 | 789 | 143 | 502 | 87 | 40 | 66 | 63 | 251 | 90 | 423 | 1,349 | 953 | 884 | 1,712 | 877 | 1,232 | 176 | 104 | 45 | 75 | 168 | 408 | 306 | 275 | 154 | 151 | 669 | 47 | 132 | 61 | 358 | 1,158 | 601 | 91 | 209 | 113 | 1,903 | 1,872 | 434 | 1,345 | 428 | 242 | 87 | 537 | 289 | 1,724 | 152 | 231 | 0 | 1,453 | 1,793 | 356 | 320 | 1,405 | 1,801 | 1,413 | 1,273 | 137 | 43 | 236 | 1,508 | 103 | 301 | 86 | 236 | 189 | 450 | 203 | 164 | 44 | 1,626 | 2,084 | 1,163 | 0 | 1,084 | 64 | 51 | 203 | 327 | 356 | 73 | 1,183 | 65 | 1,429 | 217 | 204 | 50 | 719 | 100 | 1,448 | 1,907 | 985 | 2,316 | 971 | 104 | 1,887 | 1,084 | 78 | 527 | 1,192 | 150 | 275 | 59 | 332 | 157 | 98 | 117 | 2,207 | 1,035 | 240 | 1,015 | 0 | 89 | 246 | 36 | 591 | 1,020 | 1,340 | 1,306 | 1,355 | 1,232 | 96 | 23 | 2,104 | 102 | 432 | 201 | 1,605 | 46 | 872 | 458 | 964 | 300 | 123 | 1,301 | 135 | 691 | 130 | 749 | 215 | 113 | 0 | 196 | 230 | 228 | 254 | 956 | 0 | 1,650 | 64 | 370 | 112 | 0 | 1,488 | 690 | 1,049 | 0 | 936 | 122 | 303 | 165 | 1,458 | 262 | 375 | 216 | 665 | 144 | 1,907 | 2,365 | 285 | 332 | 700 | 485 | 213 | 130 | 183 | 283 | 233 | 850 | 144 | 139 | 217 | 170 | 200 | 332 | 175 | 199 | 176 | 254 | 173 | 275 | 78 | 300 | 104 | 87 | 191 | 66 | 246 | 143 | 675 | 19 | 157 | 175 | 154 | 183 | 188 | 264 | 272 | 241 | 254 | 222 | 241 | 182 | 814 | 205 | 280 | 43 | 148 | 0 | 104 | 249 | 246 | 150 | 143 | 206 | 402 | 319 | 217 | 625 | 258 | 353 | 89 | 150 | 267 | 738 | 274 | 1,595 | 113 | 866 | 588 | 224 | 996 | 110 | 72 | 126 | 251 | 1,205 | 337 | 894 | 1,603 | 840 | 222 | 649 | 1,327 | 735 | 1,150 | 409 | 1,020 | 1,313 | 712 | 1,718 | 1,516 | 1,083 | 1,085 | 398 | 385 | 2,351 | 3,370 | 1,190 | 1,365 | 622 | 469 | 996 | 798 | 2,828 | 412 | 322 | 294 | 1,068 | 505 | 273 | 876 | 324 | 1,157 | 223 | 1,612 | 311 | 816 | 547 | 31 | 102 | 490 | 2,969 | 11,254 | 358,530 |
Building and Improvements | ' | ' | ' | ' | 1,319 | 2,655 | 695 | 459 | 1,166 | 1,018 | 512 | 404 | 794 | 582 | 1,439 | 1,192 | 434 | 149 | 178 | 160 | 134 | 246 | 141 | 128 | 178 | 360 | 558 | 104 | 128 | 376 | 155 | 396 | 566 | 994 | 194 | 60 | 453 | 260 | 160 | 163 | 204 | 233 | 200 | 114 | 215 | 187 | 543 | 364 | 310 | 147 | 137 | 143 | 363 | 99 | 284 | 334 | 228 | 153 | 310 | 238 | 256 | 325 | 191 | 326 | 309 | 271 | 110 | 1,444 | 208 | 216 | 193 | 268 | 280 | 114 | 639 | 281 | 1,434 | 216 | 256 | 288 | 180 | 164 | 358 | 207 | 160 | 425 | 345 | 223 | 447 | 251 | 257 | 1,433 | 361 | 229 | 277 | 430 | 116 | 57 | 173 | 263 | 97 | 289 | 466 | 464 | 320 | 577 | 103 | 1,017 | 524 | 542 | 1,126 | 872 | 1,513 | 106 | 0 | 208 | 218 | 0 | 0 | 0 | 800 | 129 | 266 | 198 | 0 | 331 | 292 | 165 | 308 | 0 | 87 | 0 | 0 | 117 | 715 | 253 | 116 | 110 | 0 | 118 | 0 | 191 | 0 | 105 | 84 | 169 | 268 | 118 | 163 | 0 | 576 | 126 | 81 | 152 | 135 | 51 | 85 | 221 | 372 | 244 | 134 | 0 | 0 | 0 | 263 | 0 | 0 | 198 | 187 | 201 | 52 | 285 | 267 | 170 | 52 | 121 | 154 | 195 | 112 | 0 | 0 | 166 | 191 | 255 | 266 | 0 | 247 | 0 | 124 | 104 | 0 | 0 | 181 | 143 | 169 | 45 | 377 | 0 | 175 | 0 | 168 | 154 | 591 | 138 | 242 | 0 | 130 | 234 | 151 | 0 | 304 | 196 | 0 | 0 | 0 | 0 | 313 | 63 | 105 | 103 | 65 | 94 | 114 | 202 | 350 | 144 | 111 | 175 | 0 | 0 | 283 | 1,537 | 802 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 895 | 154 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 133 | 391 | 209 | 137 | 158 | 111 | 350 | 243 | 850 | 0 | 117 | 278 | 147 | 1,320 | 1,030 | 256 | 0 | 0 | 0 | 275 | 0 | 0 | 0 | 127 | 109 | 322 | 1,040 | 738 | 336 | 0 | 275 | 0 | 71 | 0 | 0 | 0 | 0 | 0 | 0 | 154 | 109 | 0 | 0 | 351 | 0 | 0 | 0 | 68 | 615 | 106 | 228 | 55 | 112 | 245 | 111 | 223 | 508 | 208 | 71 | 280 | 217 | 123 | 174 | 340 | 218 | 510 | 459 | 188 | 201 | 548 | 146 | 304 | 198 | 272 | 505 | 341 | 209 | 246 | 229 | 94 | 57 | 340 | 170 | 430 | 233 | 181 | 168 | 76 | 233 | 189 | 79 | 326 | 345 | 250 | 87 | 209 | 157 | 177 | 285 | 157 | 194 | 106 | 271 | 343 | 38 | 323 | 269 | 564 | 295 | 0 | 295 | 0 | 550 | 400 | 290 | 235 | 430 | 400 | 250 | 287 | 300 | 50 | 579 | 300 | 320 | 323 | 194 | 310 | 245 | 152 | 123 | 177 | 0 | 207 | 605 | 221 | 195 | 540 | 219 | 193 | 396 | 0 | 561 | 0 | 0 | 696 | 0 | 0 | 312 | 259 | 302 | 295 | 133 | 275 | 245 | 235 | 172 | 162 | 300 | 326 | 175 | 193 | 232 | 0 | 410 | 318 | 138 | 323 | 640 | 0 | 309 | 0 | 271 | 78 | 379 | 250 | 91 | 0 | 174 | 250 | 230 | 0 | 0 | 309 | 196 | 542 | 677 | 523 | 0 | 115 | 350 | 140 | 0 | 324 | 207 | 166 | 168 | 52 | 74 | 815 | 130 | 197 | 0 | 0 | 0 | 380 | 0 | 255 | 193 | 825 | 218 | 277 | 227 | 1,534 | 248 | 0 | 145 | 219 | 182 | 0 | 222 | 0 | 0 | 0 | 0 | 0 | 129 | 0 | 0 | 223 | 0 | 0 | 429 | 185 | 162 | 329 | 117 | 243 | 170 | 0 | 0 | 313 | 0 | 941 | 146 | 203 | 205 | 0 | 0 | 0 | 0 | 0 | 0 | 201 | 286 | 679 | 297 | 292 | 215 | 0 | 239 | 0 | 281 | 350 | 45 | 267 | 0 | 128 | 623 | 551 | 0 | 181 | 153 | 244 | 182 | 166 | 166 | 225 | 0 | 1,389 | 0 | 170 | 270 | 146 | 452 | 0 | 300 | 0 | 247 | 0 | 465 | 206 | 195 | 0 | 44 | 204 | 252 | 456 | 77 | 0 | 0 | 917 | 590 | 1,250 | 2,095 | 46 | 165 | 134 | 168 | 155 | 650 | 127 | 99 | 102 | 174 | 89 | 285 | 151 | 412 | 59 | 170 | 116 | 184 | 184 | 360 | 209 | 191 | 255 | 262 | 171 | 182 | 700 | 800 | 112 | 128 | 108 | 125 | 150 | 275 | 203 | 224 | 163 | 159 | 265 | 172 | 438 | 140 | 199 | 187 | 304 | 799 | 205 | 171 | 175 | 85 | 107 | 207 | 217 | 256 | 47 | 169 | 20 | 251 | 237 | 95 | 193 | 1,630 | 188 | 1,916 | 240 | 1,249 | 1,463 | 1,465 | 1,511 | 384 | 357 | 189 | 1,703 | 1,190 | 4,059 | 2,990 | 459 | 0 | 374 | 0 | 0 | 0 | 432 | 247 | 368 | 444 | 0 | 0 | 498 | 0 | 379 | 196 | 626 | 997 | 1,084 | 635 | 713 | 605 | 810 | 720 | 491 | 795 | 625 | 755 | 0 | 620 | 620 | 630 | 600 | 633 | 520 | 820 | 755 | 230 | 625 | 585 | 435 | 620 | 800 | 1,288 | 18,808 | 211,745 |
Total | 570,275 | 562,316 | 615,854 | 504,587 | 1,468 | 2,985 | 869 | 1,370 | 2,223 | 2,235 | 1,292 | 1,354 | 1,643 | 1,972 | 1,439 | 1,941 | 837 | 239 | 406 | 364 | 338 | 492 | 361 | 358 | 222 | 360 | 1,594 | 254 | 365 | 396 | 421 | 396 | 1,000 | 994 | 278 | 361 | 1,295 | 260 | 440 | 466 | 224 | 665 | 571 | 266 | 280 | 271 | 1,532 | 1,039 | 441 | 338 | 390 | 712 | 713 | 240 | 284 | 954 | 311 | 405 | 414 | 570 | 658 | 945 | 545 | 931 | 657 | 438 | 259 | 2,042 | 545 | 286 | 523 | 661 | 609 | 300 | 840 | 355 | 1,434 | 551 | 300 | 804 | 515 | 468 | 925 | 411 | 234 | 1,215 | 345 | 616 | 447 | 717 | 594 | 1,433 | 1,030 | 253 | 940 | 848 | 268 | 296 | 421 | 560 | 486 | 545 | 868 | 1,522 | 1,539 | 1,769 | 1,084 | 9,211 | 1,998 | 1,364 | 1,997 | 1,520 | 2,459 | 271 | 1,300 | 545 | 613 | 600 | 625 | 725 | 800 | 254 | 506 | 546 | 1,350 | 807 | 436 | 419 | 558 | 650 | 227 | 600 | 1,250 | 267 | 715 | 635 | 269 | 226 | 400 | 244 | 450 | 460 | 239 | 563 | 287 | 423 | 361 | 443 | 423 | 550 | 1,233 | 241 | 231 | 401 | 378 | 312 | 230 | 543 | 571 | 445 | 384 | 850 | 400 | 550 | 742 | 600 | 650 | 444 | 506 | 351 | 320 | 578 | 717 | 426 | 320 | 280 | 417 | 335 | 303 | 650 | 550 | 441 | 241 | 380 | 696 | 1,300 | 624 | 600 | 299 | 639 | 450 | 400 | 271 | 322 | 479 | 282 | 841 | 1,200 | 453 | 900 | 461 | 475 | 1,250 | 341 | 561 | 450 | 333 | 284 | 326 | 600 | 811 | 396 | 400 | 300 | 550 | 500 | 635 | 290 | 285 | 271 | 274 | 244 | 293 | 557 | 987 | 329 | 288 | 325 | 651 | 692 | 592 | 2,259 | 802 | 1,130 | 731 | 525 | 1,050 | 571 | 1,084 | 628 | 536 | 445 | 479 | 388 | 895 | 256 | 1,039 | 422 | 1,153 | 491 | 594 | 1,358 | 457 | 753 | 662 | 822 | 2,523 | 1,415 | 1,530 | 1,267 | 1,210 | 696 | 1,256 | 788 | 582 | 468 | 377 | 673 | 331 | 845 | 335 | 626 | 431 | 231 | 269 | 449 | 395 | 433 | 1,232 | 550 | 232 | 762 | 497 | 1,787 | 2,301 | 336 | 675 | 900 | 950 | 433 | 1,200 | 650 | 300 | 247 | 264 | 387 | 1,737 | 1,562 | 336 | 1,500 | 733 | 1,100 | 227 | 825 | 750 | 1,750 | 500 | 550 | 500 | 398 | 234 | 525 | 550 | 951 | 1,400 | 1,600 | 700 | 226 | 1,136 | 418 | 428 | 314 | 261 | 656 | 411 | 511 | 1,508 | 441 | 272 | 457 | 506 | 306 | 262 | 566 | 564 | 1,321 | 904 | 591 | 329 | 964 | 305 | 404 | 465 | 395 | 1,305 | 909 | 544 | 683 | 379 | 270 | 291 | 750 | 362 | 605 | 516 | 548 | 417 | 279 | 636 | 256 | 385 | 519 | 803 | 606 | 288 | 434 | 400 | 480 | 730 | 1,303 | 414 | 345 | 392 | 937 | 264 | 611 | 577 | 1,049 | 784 | 1,281 | 520 | 990 | 853 | 559 | 595 | 235 | 1,257 | 1,444 | 553 | 549 | 714 | 223 | 1,684 | 935 | 684 | 323 | 279 | 470 | 551 | 367 | 249 | 302 | 789 | 350 | 1,106 | 308 | 235 | 606 | 283 | 444 | 486 | 423 | 1,910 | 953 | 884 | 2,407 | 877 | 1,232 | 488 | 363 | 347 | 370 | 302 | 683 | 551 | 510 | 326 | 312 | 969 | 373 | 307 | 255 | 589 | 1,158 | 1,011 | 409 | 347 | 436 | 2,543 | 1,872 | 744 | 1,345 | 698 | 319 | 466 | 787 | 380 | 1,724 | 325 | 481 | 230 | 1,453 | 1,793 | 665 | 516 | 1,947 | 2,479 | 1,936 | 1,273 | 252 | 393 | 376 | 1,508 | 427 | 508 | 252 | 403 | 241 | 524 | 1,018 | 294 | 241 | 1,626 | 2,084 | 1,163 | 380 | 1,084 | 319 | 244 | 1,028 | 545 | 633 | 300 | 2,717 | 313 | 1,429 | 362 | 424 | 232 | 719 | 322 | 1,448 | 1,907 | 985 | 2,316 | 971 | 233 | 1,887 | 1,084 | 301 | 527 | 1,192 | 579 | 460 | 221 | 661 | 274 | 340 | 287 | 2,207 | 1,035 | 553 | 1,015 | 941 | 235 | 448 | 241 | 591 | 1,020 | 1,340 | 1,306 | 1,355 | 1,232 | 297 | 309 | 2,784 | 399 | 723 | 417 | 1,605 | 285 | 872 | 739 | 1,314 | 345 | 390 | 1,301 | 263 | 1,313 | 681 | 749 | 396 | 266 | 244 | 378 | 396 | 393 | 479 | 956 | 1,389 | 1,650 | 234 | 641 | 258 | 452 | 1,488 | 990 | 1,049 | 247 | 936 | 586 | 509 | 360 | 1,458 | 306 | 579 | 469 | 1,121 | 221 | 1,907 | 2,365 | 1,202 | 921 | 1,950 | 2,580 | 259 | 295 | 317 | 451 | 388 | 1,500 | 271 | 238 | 319 | 344 | 289 | 617 | 326 | 611 | 235 | 424 | 289 | 458 | 262 | 660 | 313 | 278 | 446 | 328 | 417 | 326 | 1,375 | 818 | 269 | 303 | 262 | 308 | 338 | 539 | 476 | 465 | 417 | 381 | 506 | 353 | 1,252 | 345 | 479 | 231 | 452 | 799 | 309 | 420 | 421 | 235 | 250 | 413 | 619 | 575 | 263 | 794 | 278 | 604 | 327 | 246 | 459 | 2,368 | 462 | 3,510 | 353 | 2,115 | 2,052 | 1,689 | 2,507 | 494 | 429 | 314 | 1,954 | 2,396 | 4,396 | 3,884 | 2,062 | 840 | 595 | 649 | 1,327 | 735 | 1,582 | 656 | 1,388 | 1,757 | 712 | 1,718 | 2,013 | 1,083 | 1,464 | 594 | 1,011 | 3,348 | 4,454 | 1,825 | 2,077 | 1,227 | 1,279 | 1,716 | 1,289 | 3,623 | 1,037 | 1,077 | 294 | 1,688 | 1,125 | 903 | 1,476 | 957 | 1,677 | 1,043 | 2,367 | 541 | 1,441 | 1,132 | 466 | 722 | 1,290 | 4,257 | 30,062 | 570,275 |
Accumulated Depreciation | $103,452 | $116,768 | $137,117 | $144,217 | $339 | $744 | $188 | $166 | $441 | $359 | $164 | $146 | $265 | $207 | $442 | $365 | $189 | $113 | $134 | $90 | $94 | $173 | $98 | $128 | $152 | $330 | $205 | $38 | $47 | $137 | $10 | $363 | $233 | $911 | $188 | $32 | $166 | $260 | $106 | $60 | $200 | $85 | $73 | $84 | $166 | $166 | $204 | $133 | $122 | $107 | $50 | $7 | $295 | $72 | $240 | $122 | $103 | $67 | $287 | $155 | $86 | $94 | $70 | $119 | $167 | $271 | $0 | $375 | $93 | $207 | $129 | $178 | $163 | $78 | $413 | $218 | $1,315 | $98 | $121 | $112 | $66 | $60 | $164 | $144 | $160 | $156 | $316 | $147 | $447 | $92 | $187 | $1,314 | $132 | $229 | $11 | $14 | $87 | $5 | $124 | $152 | $56 | $167 | $269 | $207 | $112 | $185 | $49 | $338 | $183 | $203 | $364 | $280 | $467 | $55 | $0 | $142 | $141 | $0 | $0 | $0 | $197 | $84 | $110 | $87 | $0 | $238 | $16 | $115 | $269 | $0 | $87 | $0 | $0 | $116 | $90 | $178 | $0 | $46 | $0 | $118 | $0 | $139 | $0 | $105 | $54 | $91 | $203 | $118 | $82 | $0 | $301 | $8 | $81 | $76 | $133 | $0 | $41 | $143 | $26 | $244 | $134 | $0 | $0 | $0 | $170 | $0 | $0 | $150 | $125 | $201 | $0 | $228 | $180 | $120 | $0 | $72 | $73 | $98 | $53 | $0 | $0 | $166 | $191 | $108 | $179 | $0 | $174 | $0 | $124 | $0 | $0 | $0 | $181 | $87 | $74 | $0 | $146 | $0 | $89 | $0 | $111 | $109 | $302 | $75 | $138 | $0 | $68 | $176 | $129 | $0 | $195 | $196 | $0 | $0 | $0 | $0 | $190 | $0 | $50 | $51 | $0 | $47 | $58 | $92 | $154 | $87 | $57 | $175 | $0 | $0 | $236 | $484 | $271 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $318 | $127 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13 | $391 | $166 | $137 | $156 | $70 | $128 | $84 | $499 | $0 | $117 | $184 | $147 | $462 | $397 | $239 | $0 | $0 | $0 | $275 | $0 | $0 | $0 | $127 | $107 | $147 | $131 | $447 | $90 | $0 | $186 | $0 | $71 | $0 | $0 | $0 | $0 | $0 | $0 | $154 | $109 | $0 | $0 | $228 | $0 | $0 | $0 | $68 | $245 | $9 | $147 | $0 | $105 | $164 | $108 | $155 | $338 | $108 | $3 | $251 | $39 | $87 | $46 | $55 | $145 | $319 | $218 | $114 | $186 | $227 | $65 | $126 | $146 | $37 | $376 | $224 | $139 | $161 | $92 | $60 | $7 | $260 | $94 | $308 | $147 | $25 | $106 | $7 | $155 | $115 | $0 | $0 | $202 | $148 | $71 | $124 | $97 | $118 | $188 | $10 | $146 | $7 | $271 | $224 | $3 | $0 | $190 | $22 | $199 | $0 | $250 | $0 | $172 | $125 | $78 | $4 | $135 | $125 | $78 | $236 | $94 | $37 | $22 | $94 | $100 | $323 | $194 | $255 | $183 | $111 | $123 | $177 | $0 | $194 | $299 | $200 | $192 | $461 | $219 | $141 | $373 | $0 | $23 | $0 | $0 | $25 | $0 | $0 | $309 | $159 | $276 | $272 | $133 | $192 | $182 | $179 | $76 | $103 | $94 | $299 | $55 | $193 | $134 | $0 | $128 | $0 | $97 | $292 | $24 | $0 | $224 | $0 | $187 | $29 | $128 | $78 | $11 | $0 | $144 | $236 | $127 | $0 | $0 | $171 | $121 | $19 | $24 | $20 | $0 | $93 | $110 | $94 | $0 | $324 | $148 | $166 | $122 | $0 | $74 | $294 | $75 | $0 | $0 | $0 | $0 | $267 | $0 | $169 | $193 | $300 | $154 | $174 | $227 | $49 | $221 | $0 | $103 | $180 | $160 | $0 | $199 | $0 | $0 | $0 | $0 | $0 | $123 | $0 | $0 | $216 | $0 | $0 | $305 | $185 | $150 | $219 | $83 | $136 | $31 | $0 | $0 | $287 | $0 | $166 | $0 | $152 | $204 | $0 | $0 | $0 | $0 | $0 | $0 | $40 | $133 | $25 | $48 | $180 | $176 | $0 | $239 | $0 | $192 | $110 | $27 | $0 | $0 | $0 | $343 | $261 | $0 | $139 | $153 | $229 | $143 | $118 | $122 | $175 | $0 | $216 | $0 | $99 | $167 | $146 | $121 | $0 | $94 | $0 | $77 | $0 | $203 | $133 | $130 | $0 | $4 | $7 | $235 | $327 | $77 | $0 | $0 | $239 | $144 | $290 | $453 | $0 | $165 | $98 | $113 | $109 | $192 | $96 | $72 | $13 | $137 | $89 | $220 | $117 | $289 | $0 | $121 | $83 | $154 | $159 | $360 | $209 | $191 | $138 | $262 | $116 | $182 | $114 | $747 | $75 | $87 | $78 | $90 | $113 | $223 | $138 | $171 | $114 | $116 | $218 | $172 | $81 | $11 | $144 | $187 | $304 | $798 | $185 | $122 | $127 | $82 | $12 | $207 | $79 | $193 | $0 | $0 | $0 | $182 | $165 | $49 | $141 | $504 | $82 | $600 | $113 | $437 | $744 | $430 | $497 | $134 | $143 | $69 | $515 | $400 | $1,158 | $1,011 | $17 | $0 | $358 | $0 | $0 | $0 | $16 | $10 | $15 | $18 | $0 | $0 | $19 | $0 | $15 | $16 | $626 | $35 | $39 | $24 | $23 | $212 | $284 | $252 | $187 | $278 | $219 | $264 | $0 | $217 | $217 | $221 | $210 | $253 | $182 | $287 | $264 | $230 | $219 | $205 | $152 | $217 | $280 | $45 | $13,315 | $103,452 |
Date of Initial Leasehold or Acquisition nvestment | ' | ' | ' | ' | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2002 | '1986 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1982 | '2004 | '2004 | '2004 | '2004 | '1985 | '1985 | '2004 | '1985 | '2004 | '1982 | '1991 | '2004 | '2004 | '1985 | '2004 | '1982 | '2004 | '2004 | '1985 | '1982 | '1982 | '2004 | '2004 | '1987 | '1985 | '2004 | '1985 | '1985 | '1985 | '1982 | '2004 | '1982 | '2004 | '1982 | '1985 | '1988 | '1969 | '2004 | '2004 | '1985 | '1985 | '1985 | '2004 | '2004 | '1982 | '1985 | '1985 | '1985 | '1985 | '2004 | '1982 | '2004 | '2004 | '1982 | '2004 | '2004 | '2004 | '2004 | '1992 | '1982 | '2004 | '2004 | '1985 | '2004 | '2004 | '1985 | '2004 | '2004 | '1982 | '2013 | '2013 | '1985 | '1985 | '1985 | '2000 | '2000 | '2000 | '2000 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '1988 | '2011 | '1985 | '1985 | '2011 | '2011 | '2011 | '2011 | '1986 | '1991 | '1991 | '2011 | '1985 | '1985 | '1985 | '1986 | '2011 | '1987 | '2011 | '2011 | '1986 | '2012 | '1985 | '1985 | '1992 | '2011 | '1987 | '2011 | '1985 | '1985 | '1988 | '1991 | '1992 | '1992 | '1990 | '1991 | '2011 | '1985 | '2013 | '1986 | '1991 | '1989 | '1985 | '1991 | '1985 | '2012 | '1985 | '1986 | '2011 | '2011 | '2011 | '1985 | '2011 | '2011 | '1985 | '1985 | '1986 | '1985 | '1985 | '1985 | '1985 | '1985 | '1991 | '1993 | '1986 | '1993 | '2011 | '2011 | '1986 | '1982 | '1986 | '1985 | '2011 | '1985 | '2011 | '1986 | '1985 | '2011 | '2011 | '1982 | '1991 | '1991 | '1985 | '1993 | '2011 | '1991 | '2011 | '1985 | '1985 | '1985 | '1991 | '1985 | '2011 | '1991 | '1982 | '1986 | '2011 | '1985 | '1986 | '2011 | '2011 | '2011 | '2011 | '1985 | '1985 | '1992 | '1991 | '1991 | '1991 | '1991 | '1991 | '1991 | '1991 | '1991 | '1986 | '2009 | '2010 | '1985 | '2007 | '2007 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2007 | '1986 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '2009 | '1991 | '1985 | '1985 | '1986 | '1986 | '2007 | '2007 | '2007 | '2007 | '2011 | '1986 | '1985 | '1986 | '2007 | '2007 | '1986 | '2011 | '2011 | '2011 | '1987 | '2011 | '2011 | '2011 | '1986 | '1986 | '1986 | '2012 | '2007 | '2011 | '2011 | '1985 | '2011 | '1986 | '2011 | '2011 | '2011 | '2011 | '2011 | '2011 | '1987 | '1986 | '2011 | '2011 | '1985 | '2011 | '2011 | '2011 | '1986 | '1985 | '1985 | '1986 | '1985 | '1986 | '1985 | '1990 | '1985 | '2000 | '1985 | '2013 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1978 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '2000 | '1985 | '1985 | '1985 | '1989 | '1985 | '1985 | '1985 | '1998 | '1978 | '1985 | '1985 | '1985 | '1985 | '1985 | '1986 | '1985 | '1985 | '1985 | '1985 | '1987 | '1985 | '1985 | '1985 | '1985 | '2012 | '1985 | '1985 | '1986 | '1985 | '1985 | '1985 | '1985 | '2013 | '1985 | '2011 | '1985 | '2011 | '2006 | '2006 | '2008 | '1986 | '2006 | '2006 | '2006 | '1985 | '2006 | '2000 | '2013 | '2006 | '2006 | '1969 | '1981 | '1985 | '1985 | '1985 | '1978 | '1968 | '2011 | '1988 | '1976 | '1972 | '1976 | '1972 | '1976 | '1985 | '1985 | '2013 | '2013 | '2013 | '2013 | '2013 | '2013 | '2011 | '1967 | '1972 | '1978 | '1980 | '1978 | '1985 | '1985 | '1985 | '1985 | '2000 | '2006 | '1988 | '2006 | '1978 | '1998 | '2011 | '2006 | '1986 | '1985 | '1965 | '2013 | '2011 | '1985 | '2011 | '1985 | '1986 | '1972 | '2006 | '1985 | '2011 | '1985 | '1978 | '1971 | '2011 | '2011 | '1998 | '1998 | '2013 | '2013 | '2013 | '2013 | '1978 | '2006 | '1985 | '2011 | '1982 | '1985 | '1976 | '1985 | '1985 | '1985 | '2008 | '2000 | '1986 | '2011 | '2011 | '2011 | '1998 | '2011 | '1972 | '1978 | '2008 | '1985 | '1985 | '1976 | '2013 | '1986 | '2011 | '1985 | '1985 | '1988 | '2011 | '1986 | '2011 | '2011 | '2011 | '2011 | '2011 | '1982 | '2011 | '2011 | '1972 | '2011 | '2011 | '1989 | '1986 | '1978 | '1985 | '1985 | '1982 | '1985 | '2011 | '2011 | '1986 | '2011 | '2011 | '2007 | '1985 | '1971 | '2011 | '2011 | '2011 | '2011 | '2011 | '2011 | '1986 | '1974 | '2013 | '2007 | '1998 | '1985 | '2013 | '1978 | '2011 | '1985 | '2006 | '1998 | '1985 | '2011 | '1986 | '1985 | '1969 | '2011 | '1985 | '1976 | '1981 | '1985 | '1985 | '1985 | '1985 | '2011 | '2011 | '2011 | '1965 | '1998 | '1971 | '2011 | '2011 | '2006 | '2011 | '2006 | '2011 | '1986 | '1972 | '1985 | '2011 | '1998 | '1993 | '1972 | '1985 | '1986 | '2011 | '2011 | '2008 | '2008 | '2009 | '2009 | '1985 | '1989 | '1985 | '1985 | '1985 | '2010 | '1985 | '1985 | '1985 | '1985 | '1990 | '1985 | '1985 | '1989 | '1985 | '1985 | '1985 | '1985 | '1989 | '1989 | '1989 | '1989 | '1985 | '1989 | '1985 | '1989 | '2010 | '1996 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '2009 | '1985 | '1985 | '1990 | '1990 | '1989 | '1989 | '1985 | '1985 | '1987 | '1985 | '1989 | '2004 | '1985 | '1985 | '1985 | '1985 | '1985 | '1985 | '1991 | '1985 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2008 | '2007 | '2007 | '2007 | '2007 | '2007 | '2007 | '2013 | '2005 | '1990 | '2013 | '2013 | '2013 | '2013 | '2013 | '2013 | '2013 | '2013 | '2013 | '2013 | '2013 | '2013 | '1990 | '1990 | '2013 | '2013 | '2013 | '2013 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '2005 | '1990 | '2005 | '2005 | '2005 | '2005 | '2005 | '2013 | ' | ' |
Date of Initial Leasehold or Acquisition Investment | 'Various | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule_III_Real_Estate_and_A3
Schedule III - Real Estate and Accumulated Depreciation and Amortization (Parenthetical) (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Schedule Of Investments In Real Estate [Line Items] | ' |
Aggregate cost for federal income tax | 568,146,000 |
Minimum [Member] | ' |
Schedule Of Investments In Real Estate [Line Items] | ' |
Estimated useful lives of the assets | '16 years |
Maximum [Member] | ' |
Schedule Of Investments In Real Estate [Line Items] | ' |
Estimated useful lives of the assets | '25 years |
Schedule_IV_Mortgage_Loans_on_
Schedule IV - Mortgage Loans on Real Estate (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Face Value at Inception | $33,237 | ' | ' |
Amount of Principal Unpaid at Close of Period | 28,793 | ' | ' |
Balance at January 1, | 22,333 | 18,638 | 1,274 |
New mortgage loans | 8,714 | 4,568 | 19,468 |
Loan repayments | -480 | -300 | -107 |
Collection of principal | -1,774 | -573 | -1,997 |
Balance at December 31, | 28,793 | 22,333 | 18,638 |
Borrower A [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'S. Weymouth, MA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2031-03 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 240 | ' | ' |
Amount of Principal Unpaid at Close of Period | 228 | ' | ' |
Borrower B [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Horsham, PA | ' | ' |
Interest Rate | 10.00% | ' | ' |
Final Maturity Date | '2024-07 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 237 | ' | ' |
Amount of Principal Unpaid at Close of Period | 179 | ' | ' |
Borrower C [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Green Island, NY | ' | ' |
Interest Rate | 11.00% | ' | ' |
Final Maturity Date | '2018-08 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 298 | ' | ' |
Amount of Principal Unpaid at Close of Period | 179 | ' | ' |
Borrower D [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Uniondale, NY | ' | ' |
Interest Rate | 10.00% | ' | ' |
Final Maturity Date | '2015-03 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 180 | ' | ' |
Amount of Principal Unpaid at Close of Period | 33 | ' | ' |
Borrower E [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Concord, NH | ' | ' |
Interest Rate | 9.50% | ' | ' |
Final Maturity Date | '2028-08 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 210 | ' | ' |
Amount of Principal Unpaid at Close of Period | 186 | ' | ' |
Borrower F [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Irvington, NJ | ' | ' |
Interest Rate | 10.00% | ' | ' |
Final Maturity Date | '2019-12 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 300 | ' | ' |
Amount of Principal Unpaid at Close of Period | 216 | ' | ' |
Borrower G [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Kernersville/Lexington, NC | ' | ' |
Interest Rate | 8.00% | ' | ' |
Final Maturity Date | '2026-07 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 568 | ' | ' |
Amount of Principal Unpaid at Close of Period | 455 | ' | ' |
Borrower H [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Wantagh, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2032-05 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 455 | ' | ' |
Amount of Principal Unpaid at Close of Period | 440 | ' | ' |
Borrower I [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Fullerton Hts, MD | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2019-05 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 225 | ' | ' |
Amount of Principal Unpaid at Close of Period | 178 | ' | ' |
Borrower J [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Ipswich, MA | ' | ' |
Interest Rate | 9.50% | ' | ' |
Final Maturity Date | '2019-06 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 200 | ' | ' |
Amount of Principal Unpaid at Close of Period | 195 | ' | ' |
Borrower K [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Springfield, MA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2019-07 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 131 | ' | ' |
Amount of Principal Unpaid at Close of Period | 128 | ' | ' |
Borrower L [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'E. Patchogue, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2019-08 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 200 | ' | ' |
Amount of Principal Unpaid at Close of Period | 194 | ' | ' |
Borrower M [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Manchester, NH | ' | ' |
Interest Rate | 9.50% | ' | ' |
Final Maturity Date | '2019-09 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 225 | ' | ' |
Amount of Principal Unpaid at Close of Period | 220 | ' | ' |
Borrower N [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Union City, NJ | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2019-09 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 800 | ' | ' |
Amount of Principal Unpaid at Close of Period | 789 | ' | ' |
Borrower O [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Worcester, MA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2019-10 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 325 | ' | ' |
Amount of Principal Unpaid at Close of Period | 318 | ' | ' |
Borrower P [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Dover, PA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2017-11 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 210 | ' | ' |
Amount of Principal Unpaid at Close of Period | 206 | ' | ' |
Borrower Q [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Bronx, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2019-12 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 240 | ' | ' |
Amount of Principal Unpaid at Close of Period | 214 | ' | ' |
Borrower R [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Seaford, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-01 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 488 | ' | ' |
Amount of Principal Unpaid at Close of Period | 478 | ' | ' |
Borrower S [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Spotswood, NJ | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-01 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 306 | ' | ' |
Amount of Principal Unpaid at Close of Period | 300 | ' | ' |
Borrower T [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Clifton, NJ | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-01 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 284 | ' | ' |
Amount of Principal Unpaid at Close of Period | 279 | ' | ' |
Borrower U [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Miller Place, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-07 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 225 | ' | ' |
Amount of Principal Unpaid at Close of Period | 223 | ' | ' |
Borrower V [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Freeport, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-05 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 206 | ' | ' |
Amount of Principal Unpaid at Close of Period | 204 | ' | ' |
Borrower W [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Pleasant Valley, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-10 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 230 | ' | ' |
Amount of Principal Unpaid at Close of Period | 229 | ' | ' |
Borrower X [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Fairhaven, MA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-10 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 458 | ' | ' |
Amount of Principal Unpaid at Close of Period | 455 | ' | ' |
Borrower Y [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Baldwin, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-10 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 300 | ' | ' |
Amount of Principal Unpaid at Close of Period | 299 | ' | ' |
Borrower Z [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Leicester, MA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-11 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 268 | ' | ' |
Amount of Principal Unpaid at Close of Period | 267 | ' | ' |
Borrower AA [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Worcester, MA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-11 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 280 | ' | ' |
Amount of Principal Unpaid at Close of Period | 277 | ' | ' |
Borrower AB [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Valley Cottage, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-11 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 431 | ' | ' |
Amount of Principal Unpaid at Close of Period | 430 | ' | ' |
Borrower AC [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Penndel, PA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-11 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 118 | ' | ' |
Amount of Principal Unpaid at Close of Period | 117 | ' | ' |
Borrower AD [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Ephrata, PA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-11 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 265 | ' | ' |
Amount of Principal Unpaid at Close of Period | 264 | ' | ' |
Borrower AE [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Piscataway, NJ | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-12 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 121 | ' | ' |
Amount of Principal Unpaid at Close of Period | 121 | ' | ' |
Borrower AF [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Reiffton, PA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-12 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 108 | ' | ' |
Amount of Principal Unpaid at Close of Period | 108 | ' | ' |
Borrower AG [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Westfield, MA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-12 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 165 | ' | ' |
Amount of Principal Unpaid at Close of Period | 165 | ' | ' |
Borrower AH [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Kenmore, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-12 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 200 | ' | ' |
Amount of Principal Unpaid at Close of Period | 200 | ' | ' |
Borrower AI [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Wilmington, DE | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-12 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 84 | ' | ' |
Amount of Principal Unpaid at Close of Period | 84 | ' | ' |
Borrower AJ [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Gettysburg, PA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-12 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 69 | ' | ' |
Amount of Principal Unpaid at Close of Period | 69 | ' | ' |
Borrower AK [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Marlborough, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-12 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 214 | ' | ' |
Amount of Principal Unpaid at Close of Period | 214 | ' | ' |
Borrower AL [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Kenmore, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2021-01 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 74 | ' | ' |
Amount of Principal Unpaid at Close of Period | 74 | ' | ' |
Borrower AM [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'West Haverstraw, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-12 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 352 | ' | ' |
Amount of Principal Unpaid at Close of Period | 351 | ' | ' |
Borrower AN [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Weymouth, MA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2021-01 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 390 | ' | ' |
Amount of Principal Unpaid at Close of Period | 390 | ' | ' |
Borrower AO [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Oakhurst, NJ | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2021-02 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 250 | ' | ' |
Amount of Principal Unpaid at Close of Period | 250 | ' | ' |
Borrower AP [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Stafford Springs, CT | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2021-02 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 232 | ' | ' |
Amount of Principal Unpaid at Close of Period | 232 | ' | ' |
Borrower AQ [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Latham, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2021-02 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 169 | ' | ' |
Amount of Principal Unpaid at Close of Period | 169 | ' | ' |
Borrower AR [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Magnolia, NJ | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-05 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 53 | ' | ' |
Amount of Principal Unpaid at Close of Period | 52 | ' | ' |
Borrower AS [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Colonia, NJ | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-06 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 320 | ' | ' |
Amount of Principal Unpaid at Close of Period | 318 | ' | ' |
Borrower AT [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Jersey City, NJ | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2018-07 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 500 | ' | ' |
Amount of Principal Unpaid at Close of Period | 496 | ' | ' |
Borrower AU [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Catskill, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2018-08 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 200 | ' | ' |
Amount of Principal Unpaid at Close of Period | 198 | ' | ' |
Borrower AV [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Elmont, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-02 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 450 | ' | ' |
Amount of Principal Unpaid at Close of Period | 449 | ' | ' |
Borrower AW [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Leola, PA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-03 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 220 | ' | ' |
Amount of Principal Unpaid at Close of Period | 217 | ' | ' |
Borrower AX [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Littz/Rothsville, PA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-03 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 180 | ' | ' |
Amount of Principal Unpaid at Close of Period | 178 | ' | ' |
Borrower AY [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Bayonne, NJ | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-03 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 308 | ' | ' |
Amount of Principal Unpaid at Close of Period | 303 | ' | ' |
Borrower AZ [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Ridge, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-03 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 413 | ' | ' |
Amount of Principal Unpaid at Close of Period | 402 | ' | ' |
Borrower BA [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Lansdale, PA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-04 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 207 | ' | ' |
Amount of Principal Unpaid at Close of Period | 205 | ' | ' |
Borrower BB [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Ballston, NY | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-05 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 225 | ' | ' |
Amount of Principal Unpaid at Close of Period | 223 | ' | ' |
Borrower BC [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Sharon Hill, PA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-05 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 230 | ' | ' |
Amount of Principal Unpaid at Close of Period | 227 | ' | ' |
Borrower BD [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Seller financing | ' | ' |
Location(s) | 'Kenhorst, PA | ' | ' |
Interest Rate | 9.00% | ' | ' |
Final Maturity Date | '2020-05 | ' | ' |
Periodic Payment Terms | 'P & I | ' | ' |
Prior Liens | ' | ' | ' |
Face Value at Inception | 200 | ' | ' |
Amount of Principal Unpaid at Close of Period | 198 | ' | ' |
Mortgage Loans [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Face Value at Inception | 14,837 | ' | ' |
Notes Receivable [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Description | 'Purchase/leaseback | ' | ' |
Location(s) | 'Various-NY | ' | ' |
Interest Rate | 9.50% | ' | ' |
Final Maturity Date | '2021-01 | ' | ' |
Periodic Payment Terms | 'I | ' | ' |
Face Value at Inception | 18,400 | ' | ' |
Amount of Principal Unpaid at Close of Period | $14,720 | ' | ' |