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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Summary of Minimum Future Rental Payments under Non-Cancelable Operating Leases

Minimum future rental payments under non-cancelable operating leases having remaining terms in excess of one year as of December 31, 2016, are summarized as follows:

 

 

 

 

 

Year Ending December 31,

    

Amounts

 

2017

 

$

580,483

 

2018

 

 

441,186

 

2019

 

 

441,944

 

2020

 

 

375,640

 

2021

 

 

307,674

 

2022 and thereafter (cumulative)

 

 

194,831

 

Total

 

$

2,341,758

 

 

 

 

 

 

 

Summary of Minimum Future Rentals Receipts under Non-Cancelable Operating Leases

Minimum future rental receipts under non-cancelable operating leases having remaining terms in excess of one year as of December 31, 2016, are summarized as follows:

 

 

 

 

 

Year Ending December 31,

    

Amounts

 

2017

 

$

21,132,772

 

2018

 

 

20,623,899

 

2019

 

 

20,538,957

 

2020

 

 

19,461,644

 

2021

 

 

16,231,649

 

2022 and thereafter (cumulative)

 

 

68,269,361

 

Total

 

$

166,258,282

 

 

 

 

 

 

 

Schedule of Potential Land Sales Transactions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract

 

 

 

 

 

 

 

 

No. of

 

Amount

 

Price

 

Estimated

 

    

Contract (or Buyer) / Parcel

    

Acres

    

($000's)

    

per Acre

 

Timing

1

 

Commercial/Retail (1)

 

35

 

$

14,000

 

$

400,000

 

'17 - '19

2

 

Commercial/Retail

 

4

 

 

1,175

 

 

294,000

 

'17 - '18

3

 

Commercial/Retail

 

6

 

 

1,556

 

 

259,000

 

'17 - '18

4

 

Mixed-Use Retail

 

22

 

 

5,574

 

 

253,000

 

'17 - '18

5

 

Mixed-Use Retail (NADG)

 

82

 

 

20,187

 

 

246,000

 

'17 - '18

6

 

Residential (SF)

 

7

 

 

1,140

 

 

163,000

 

'18 - '19

7

 

Commercial (1)

 

28

 

 

3,215

 

 

115,000

 

'17 - '18

8

 

AR Residential (Minto)

 

1,686

 

 

31,360

 

 

19,000

 

'18 - '19

9

 

SF Residential

 

194

 

 

3,324

 

 

17,000

 

'18 - '19

10

 

SF Residential (ICI)

 

146

 

 

1,400

 

 

10,000

 

'18 - '19

 

 

Total

 

2,210

 

$

82,931

 

$

38,000