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MINIMUM RENTS

12 Months Ended

Dec. 31, 2014

Operating Leases, Future Minimum Payments Receivable [Abstract]

The Company receives rental income by leasing retail shopping center space under operating leases. Future minimum rents are scheduled to be received under non-cancellable tenant leases at December 31, 2014, as follows:



2015	$	620,874
2016	541,639
2017	469,261
2018	387,445
2019	322,236
Thereafter	1,133,974
	$	3,475,429

Future minimum rents do not include percentage rents or tenant reimbursements that may become due.

- Definition

The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

+ References+ Details