Revenue Recognition

9 Months Ended

Sep. 30, 2013

Revenue Recognition

Revenue Recognition

Note 4.  Revenue Recognition

Rental income from operating leases is recognized on a straight line basis over the life of lease agreements. We increased rental income to record revenue on a straight line basis by $605 and $1,101 for the three months ended September 30, 2013 and 2012, respectively, and $1,952 and $2,584 for the nine months ended September 30, 2013 and 2012, respectively.  Rents receivable include $9,728 and $7,776 of straight line rent receivables at September 30, 2013 and December 31, 2012, respectively.