FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

12 Months Ended

Dec. 31, 2016

Leases [Abstract]

FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

NOTE 12.    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 2025. The following is a schedule of minimum future rents due to ARL under non-cancelable operating leases as of December 31, 2016 (dollars in thousands):

Year	Amount
2017	$	25,384
2018		23,223
2019		17,573
2020		13,592
2021		11,564
Thereafter		19,815
Total	$	111,151