As of September 30, 2012, the Company's real estate mortgage loan portfolio had a carrying value of $411.8 million and included financing provided for entertainment, education and recreation properties, including ten metropolitan ski areas covering approximately 6,100 acres in six states. Additionally, the Company had $191.4 million in land held for development.Investment Update The Company's investment spending in the third quarter of 2012 totaled $54.3 million and included investments in each of its three primary operating segments. Entertainment investment spending of $14.6 million related primarily to investments in build-to-suit construction of 11 megaplex theatres and 9 other entertainment properties that are subject to long-term triple net leases or mortgages. Education investment spending of $27.5 million related primarily to investments in build-to-suit construction of 12 public charter schools that are subject to long-term triple net leases or mortgages. On August 15, 2012, the Company also completed a sale of a public charter school property for $4.5 million that was leased to Imagine. There was no gain or loss on this sale. Recreation investment spending of $9.6 million related primarily to build-to-suit construction of a golf-entertainment complex which is subject to a long-term triple net lease. Subsequent to the end of the quarter, the Company closed on $22.0 million of financing related to an existing live-performance anchored entertainment retail center in Charlotte, North Carolina known as the North Carolina Music Factory. The 183,000 square foot project is anchored by two live performance venues leased to Live Nation, and includes additional dining and entertainment tenants. Investment spending to date of $224.3 million combined with the outlook for spending over the remainder of the year puts the Company well on track toward delivering its expected total 2012 investment spending of $275.0 million to $300.0 million. Progress on Vineyard and Winery Sales The Company continues to make progress toward selling its remaining vineyard and winery investments. During September and October of 2012, the Company entered into non-binding agreements with two separate buyers to sell the remaining assets at one of its unleased vineyard and winery properties. As a result, the Company reduced the carrying value of this property to $20.8 million and recorded impairment charges of $3.1 million in the third quarter of 2012. It is expected that these sales will close during the fourth quarter of 2012.