INCOME PROPERTIES AND LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of components of leasing revenue

The components of leasing revenue are as follows:

	Three Months Ended				Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	($000's)		($000's)		($000's)		($000's)
Leasing Revenue
Lease Payments	$	9,758	$	9,249	$	19,026	$	18,692
Variable Lease Payments		1,715		1,126		3,450		2,407
Total Leasing Revenue	$	11,473	$	10,375	$	22,476	$	21,099

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

Minimum future base rental revenue on non-cancelable leases subsequent to June 30, 2020, for the next five years ended December 31 are summarized as follows:

Year Ending December 31,	Amounts ($000's)
Remainder of 2020	$	9,774
2021		19,528
2022		18,602
2023		17,820
2024		17,413
2025 and thereafter (cumulative)		122,606
Total	$	205,743

Schedule of properties disposed

	As of June 30, 2020
	Land JV		Single-Tenant Income Properties		Total Assets (Liabilities) Held for Sale
Plant, Property, and Equipment—Net	$	—	$	8,465,416	$	8,465,416
Restricted Cash		833,167		—		833,167
Intangible Lease Assets - Net		—		821,382		821,382
Intangible Lease Liabilities - Net		—		(145,263)		(145,263)
Total Assets Held for Sale	$	833,167	$	9,141,535	$	9,974,702
Deferred Revenue		(831,320)		—		(831,320)
Total Liabilities Held for Sale	$	(831,320)	$	—	$	(831,320)

	As of December 31, 2019
	Land JV		Total Assets (Liabilities) Held for Sale
Restricted Cash		833,167		833,167
Total Assets Held for Sale	$	833,167	$	833,167
Deferred Revenue		(831,320)		(831,320)
Total Liabilities Held for Sale	$	(831,320)	$	(831,320)

2020 acquisitions of income property subject to lease

Schedule of properties acquired

The properties acquired during the six months ended June 30, 2020 are described below:

Tenant Description	Tenant Type	Property Location	Date of Acquisition	Property Square-Feet	Purchase Price		Percentage Leased at Acquisition	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

2019 acquisitions of income property subject to lease

Schedule of properties acquired

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

Disposal Group, Disposed of by Sale, Not Discontinued Operations

Schedule of properties disposed

Tenant Description	Tenant Type	Date of Disposition	Sales Price		Gain (Loss) on Sale		EPS, After Tax		Exit Cap Rate
CVS, Dallas, TX	Single-Tenant	04/24/20	$	15,222,000	$	854,336	$	0.14	4.50%
Wawa, Daytona Beach, FL	Single-Tenant	04/29/20		6,002,400		1,768,603		0.29	4.75%
JPMorgan Chase Bank, Jacksonville, FL	Single-Tenant	06/18/20		6,714,738		959,444		0.15	4.15%
7-Eleven, Dallas, TX	Multi-Tenant	06/26/20		2,400,000		(45,615)		(0.01)	6.08%
Bank of America, Monterey, CA	Single-Tenant	06/29/20		9,000,000		3,892,049		0.63	3.28%
		Total / Weighted Average	$	39,339,138	$	7,428,817	$	1.20	4.30%

Disposal Group, Disposed of by Sale, Not Discontinued Operations | Multi-tenant

Schedule of properties disposed

Tenant Description	Tenant Type	Date of Disposition	Sales Price		Gain on Sale		EPS, After Tax		Exit Cap Rate
Whole Foods, Sarasota, FL	Multi-Tenant	02/21/19	$	24,620,000	$	6,869,957	$	0.96	5.15%
The Grove, Winter Park, FL	Multi-Tenant	05/23/19		18,250,000		2,803,198		0.42	6.72%
3600 Peterson, Santa Clara, CA	Multi-Tenant	06/24/19		37,000,000		9,008,709		1.36	6.62%
		Total / Weighted Average	$	79,870,000	$	18,681,864	$	2.74	6.19%