Operating Leases

12 Months Ended

Dec. 31, 2011

3. OPERATING LEASES

A substantial portion of our revenue is earned from operating leases. Our operating leases range from one to 25 years and generally include one or more five year renewal options. A summary of minimum future base rentals to be received, exclusive of any renewals, under non-cancelable operating leases in existence at December 31, 2011 is as follows (in thousands):


Year ended December 31,		Minimum base rents
2012	$	25,373
2013		22,566
2014		20,245
2015		16,366
2016		12,666
Thereafter		37,905
	$	135,121

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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