Operating Leases (Tables)

12 Months Ended

Dec. 31, 2013

Commercial Tenant Leases, Minimum Rental Income

Armada Hoffler’s commercial tenant leases generally range from five to 20 years, but certain leases with anchor tenants may be longer. Armada Hoffler’s commercial tenant leases provide for minimum rental income during each of the next five years and thereafter as follows (in thousands):

2014	$	44,295
2015		46,297
2016		45,035
2017		42,865
2018		39,486
Thereafter		243,969
Total	$	461,947