INCOME PROPERTIES AND LEASES (Tables)

6 Months Ended

Jun. 30, 2019

INCOME PROPERTIES AND LEASES

Schedule of properties acquired

The properties acquired during the six months ended June 30, 2019 are described below:

Tenant Description	Tenant Type	Property Location	Date of Acquisition	Property Square-Feet	Property Acres	Purchase Price		Percentage Leased		Remaining Lease Term at Acquisition Date (in years)
Hobby Lobby Stores, Inc.	Single-Tenant	Winston-Salem, NC	05/16/19	55,000	7.63	$	8,075,000		100%		10.9
24 Hour Fitness USA, Inc.	Single-Tenant	Falls Church, VA	05/23/19	46,000	3.09		21,250,000		100%		8.6
Walgreen Co.	Single-Tenant	Birmingham, AL	06/05/19	14,516	2.05		5,500,000		100%		9.8
Family Dollar Stores of Massachusetts, Inc.	Single-Tenant	Lynn, MA	06/07/19	9,228	0.67		2,100,000		100%		4.8
Walgreen Co.	Single-Tenant	Albany, GA	06/21/19	14,770	3.55		3,634,000		100%		13.6
	Total / Weighted Average			139,514		$	40,559,000				9.5

Schedule of components of leasing revenue

		Three Months Ended		Six Months Ended
		June 30, 2019		June 30, 2019
		($000's)		($000's)
Leasing Revenue
	Lease Payments	$	8,667	$	17,569
	Variable Lease Payments		1,107		2,358
Total Leasing Revenue		$	9,774	$	19,927

Schedule of minimum future base rental revenue on non-cancelable leases

Minimum future base rental revenue on non-cancelable leases subsequent to June 30, 2019, for the next five years ended December 31 are summarized as follows:

Year Ending December 31,	Amounts ($000's)
2019	$	31,551
2020		29,784
2021		28,639
2022		27,782
2023		27,013
2024 and thereafter (cumulative)		162,222
Total	$	306,991