Quarterly report pursuant to Section 13 or 15(d)

Tenant Leases

v2.4.0.6
Tenant Leases
 6 Months Ended
Jun. 30, 2012
Tenant Leases [Abstract]  
Tenant Leases

 

13.   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 June 30, 2012 are as follows (dollars in thousands):

 

 

 

 

 

 

Year

 

Amount

July 1 through December 31, 2012

$

289,690

2013

 

545,825

2014

 

480,072

2015

 

408,954

2016

 

358,341

2017 and thereafter

 

1,389,960

 

 

 

Total

$

3,472,842