INCOME PROPERTIES AND LEASES (Tables)

3 Months Ended

Mar. 31, 2020

INCOME PROPERTIES AND LEASES

Schedule of components of leasing revenue

The components of leasing revenue are as follows:

	Three Months Ended
	March 31, 2020 ($000's)		March 31, 2019 ($000's)
Leasing Revenue
Lease Payments	$	9,268	$	9,442
Variable Lease Payments		1,735		1,282
Total Leasing Revenue	$	11,003	$	10,724

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

Minimum future base rental revenue on non-cancelable leases subsequent to March 31, 2020, for the next five years ended December 31 are summarized as follows:

Year Ending December 31,	Amounts ($000's)
Remainder of 2020	$	28,759
2021		36,910
2022		34,309
2023		32,161
2024		30,878
2025 and thereafter (cumulative)		178,165
Total	$	341,182

Schedule of properties acquired

The properties acquired during the three months ended March 31, 2020 are described below:

Tenant Description	Tenant Type	Property Location	Date of Acquisition	Property Square-Feet	Purchase Price		Percentage Leased	Remaining Lease Term at Acquisition Date (in years)
Crossroads Towne Center	Multi-Tenant	Chandler, AZ	01/24/20	254,109	$	61,800,000	99%	5.0
Perimeter Place	Multi-Tenant	Atlanta, GA	02/21/20	268,572		75,435,000	80%	3.6
			Total / Weighted Average	522,681	$	137,235,000		4.2