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Concentrations
 3 Months Ended
Mar. 31, 2013
Concentrations [Abstract]  
Concentrations

11. CONCENTRATIONS

As of March 31, 2013,  our Uptown Park property in Houston, Texas and our Preston Royal West property in Dallas, Texas individually accounted for 17% and 10.8% of our consolidated total assets, respectively. No other individual property comprised 10% or more of our consolidated assets. Consistent with our strategy of investing in geographic areas that we know well, 20 of our properties are located in the Houston metropolitan area. These Houston properties represent 52.8% and 62.2% of our rental income for the three months ended March 31, 2013 and 2012, respectively. Houston is Texas’ largest city and the fourth largest city in the United States.

 

Following are the base revenues generated by our top ten tenants for the three months ended March 31, 2013 and 2012 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31,

 

 

2013

 

2012

Kroger(1)

 

$
529 

 

$
529 

Landry’s (2)

 

 
313 

 

 
318 

CVS/pharmacy

 

 
306 

 

 
306 

H-E-B

 

 
277 

 

 
277 

Publix

 

 
195 

 

 
195 

Barnes & Noble

 

 
137 

 

 
41 

Bank of America

 

 
130 

 

 
75 

Tom Thumb

 

 
127 

 

 

 -

Hard Rock Café

 

 
124 

 

 
124 

TGI Friday's

 

 
119 

 

 
113 

 

 

$
2,257 

 

$
1,978 

______________

(1)  $131 of this amount relates to our Kroger tenant at our MacArthur Park property, which was contributed to the MacArthur Park Joint Venture. See Note 3.

(2)            Includes tenants owned by Landry's, including Landry's Seafood House, McCormick & Schmicks, Mortons and The Grotto.