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FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES
12 Months Ended
Dec. 31, 2018
Leases [Abstract]  
FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES
NOTE 13. FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

 

ARL’s operations include the leasing of commercial properties (office buildings, industrial warehouses and retail centers). The leases, thereon, expire at various dates through 2029. The following is a schedule of minimum future rents due to ARL under non-cancelable operating leases as of December 31, 2018 (dollars in thousands):

 

Year   Amount 
2019   $ 27,346 
2020    23,805 
2021    21,249 
2022    18,033 
2023    12,825 
Thereafter    13,983 
Total   $117,241