STRAIGHT-LINE RENTAL INCOME AND RELATED EXPENSES

9 Months Ended

Sep. 30, 2012

STRAIGHT-LINE RENTAL INCOME AND RELATED EXPENSES [Text Block]

9.	STRAIGHT-LINE RENTAL INCOME AND RELATED EXPENSES
	a) The Group’s real estate assets are leased to customers under operating leases. These leases have initial terms of 1 to 20 years, and usually the Group offers a rental holiday ranging from 2 to 12 months. The minimum rental amounts under the leases are generally subject to scheduled fixed increases.
	The following table summarizes future minimum base rents to be received from customers for leases in effect as of September 30, 2012:

Year		Amount
2013	$	1,874,524
2014		2,019,284
2015		1,915,432
2016		1,423,372
2017		1,380,620
Thereafter		8,679,699
	$	17,292,931

The following table summarizes future minimum base rents to be received from customers under subleases as of September 30, 2012:

Year		Amount
2013	$	1,391,623
2014		623,578
2015		606,290
2016		296,194
2017		225,521
Thereafter		1,847
	$	3,145,053