Concentrations

12 Months Ended

Dec. 31, 2011

Concentrations [Abstract]

Concentrations

15. CONCENTRATIONS

     As of December 31, 2011, two properties individually accounted for more than 10% of our consolidated total assets – Uptown Park in Houston, Texas and MacArthur Park in Dallas, Texas which accounted for 19% and 15% of total assets, respectively. Consistent with our strategy of investing in geographic areas that we know well, 19 of our properties are located in the Houston metropolitan area. These Houston properties represent 64.2%, 62.9% and 61.7% of our base rental income for the years ended December 31, 2011, 2010 and 2009, respectively. Houston is Texas' largest city and the fourth largest city in the United States.

     Following are the base revenues generated by the Company's top tenants for each of the last three years (in thousands):

					Year ended December 31,
		2011			2010		2009
Kroger	$		2,116	$	2,192	$		2,116
CVS/pharmacy			1,115		922			922
H-E-B Grocery(1)			938		-			-
Landry's Seafood House			514		502			503
Hard Rock Café			497		497			468
TGI Friday's			451		451			449
Champps Americana			422		422			422
Golden Corral			419		419			419
Paesanos			407		408			383
McCormick & Schmick's			341		341			341
	$		7,220	$	6,154	$		6,023

(1) We acquired The Market at Lake Houston on February 25, 2011.