CONCENTRATIONS

12 Months Ended

Dec. 31, 2014

7.	CONCENTRATIONS

As of December 31, 2014, Westside Plaza was our sole consolidated property which comprised greater than 10% of our consolidated total assets. As of December 31, 2013, Westside Plaza and Lantern Lane each comprised greater than 10% of our consolidated total assets. Consistent with our strategy of investing in geographic areas that we know well, both properties are located in the Houston metropolitan area. These Houston properties represent 100% of our rental income for the years ended December 31, 2014, 2013 and 2012. Houston is Texas’ largest city and the fourth largest city in the United States.

Following are the base rents generated by our top five tenants during the years ended December 31, 2014, 2013 and 2012 (in thousands):

	For the year ended December 31,
Tenant	2014		2013		2012
Trend Mall	$	381	$	379	$	379
Fadis Mediterranean Delight		141		141		142
Potbelly Sandwich Works		122		122		122
Cricket Communications		76		76		65
Bless Beauty		64		64		41
Totals	$	784	$	782	$	749

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References+ Details