XML 93 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Concentration Of Credit Risk
 12 Months Ended
Dec. 31, 2012
Concentration Of Credit Risk [Abstract]  
Concentration Of Credit Risk

Note 7. Concentration of Credit Risk

 

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents in excess of insured amounts and tenant receivables. The Company places its cash and cash equivalents with high quality financial institutions. Management performs ongoing credit evaluations of its tenants and requires certain tenants to provide security deposits and/or suitable guarantees.

 

Giant Food Stores, LLC, Stop & Shop, Inc. and Martin’s at Glen Allen, each of which is owned by Ahold N.V., a Netherlands corporation, accounted for an aggregate of approximately 15%, 14% and 14% of the Company’s total revenues during 2012, 2011 and 2010, respectively (excluding properties treated as discontinued operations).

 

The Company’s properties are located largely in the region straddling the Washington DC to Boston corridor, which exposes it to greater economic risks than if the properties it owned were located in a greater number of geographic regions (in particular, 31 of the Company’s properties are located in Pennsylvania).