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Concentration Of Credit Risk
12 Months Ended
Dec. 31, 2015
Concentration Of Credit Risk [Abstract]  
Concentration Of Credit Risk

 

Note 6. 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. 

 

Excluding properties held for sale, Giant Food Stores, LLC and Stop & Shop, Inc., each of which is owned by Ahold N.V., a Netherlands corporation, accounted for an aggregate of approximately 12%,  14% and 15% of the Company’s total revenues during 2015, 2014 and 2013, respectively.

 

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, 27 of the Company’s properties are located in Pennsylvania).