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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2011
Commitments and Contingencies [Abstract]  
Minimum future rental payments for the next five years and thereafter under ground leases

 

 

 

 

Ground Leases
Paid by Realty
Income 
(1)

 

Ground Leases
Paid by Our
Tenants 
(2)

 

Total

 

2012

 

 

$

157

 

 

 

$

4,083

 

 

 

$

4,240

 

 

2013

 

 

158

 

 

 

4,016

 

 

 

4,174

 

 

2014

 

 

167

 

 

 

3,786

 

 

 

3,953

 

 

2015

 

 

170

 

 

 

3,729

 

 

 

3,899

 

 

2016

 

 

171

 

 

 

3,702

 

 

 

3,873

 

 

Thereafter

 

 

421

 

 

 

49,021

 

 

 

49,442

 

 

Total

 

 

$

1,244

 

 

 

$

68,337

 

 

 

$

69,581

 

 

 

(1) Realty Income currently pays the ground lessors directly for the rent under the ground leases.

 

(2) Our tenants, who are generally sub-tenants under the ground leases, are responsible for paying the rent under these ground leases. In the event a tenant fails to pay the ground lease rent, we are primarily responsible.