Annual report pursuant to Section 13 and 15(d)

Tenant Leases

v2.4.0.6
Tenant Leases
 12 Months Ended
Dec. 31, 2012
Tenant Leases [Abstract]  
Tenant Leases

14.   TENANT LEASES

 

The Properties are leased to tenants under operating leases with various expiration dates through 2033.  Substantially all of the leases provide for annual base rents plus recoveries and escalation charges based upon the tenant’s proportionate share of and/or increases in real estate taxes and certain operating costs, as defined, and the pass‑through of charges for electrical usage.

 

Future minimum rentals to be received under non-cancelable operating leases at December 31, 2012 are as follows (dollars in thousands):

 

 

 

 

 

 

 

Year

 

Amount

2013

$
558,435 

2014

 
502,596 

2015

 
436,351 

2016

 
385,587 

2017

 
329,106 

2018 and thereafter

 
1,182,699 

 

 

 

Total

$
3,394,774