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Revenues (Tables)
12 Months Ended
Dec. 31, 2020
Revenues [Abstract]  
Schedule of Rent Revenues

Rents for 2020, 2019 and 2018, respectively, are comprised of the following:

 

 

 

Years ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Base rents

 

$

95,987,000

 

 

$

105,041,000

 

 

$

107,630,000

 

Expense recoveries

 

 

29,241,000

 

 

 

33,475,000

 

 

 

33,378,000

 

Percentage rent

 

 

1,778,000

 

 

 

971,000

 

 

 

725,000

 

Straight-line rents

 

 

(1,208,000

)

 

 

405,000

 

 

 

1,142,000

 

Amortization of intangible lease liabilities, net

 

 

1,373,000

 

 

 

2,827,000

 

 

 

4,361,000

 

Total rents

 

$

127,171,000

 

 

$

142,719,000

 

 

$

147,236,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Annual Future Base Rents Due to be Received

Annual future base rents due to be received under non-cancelable operating leases in effect at December 31, 2020 are approximately as follows (excluding those base rents applicable to properties classified as real estate held for sale):

 

2021

 

$

93,213,000

 

2022

 

 

85,973,000

 

2023

 

 

85,650,000

 

2024

 

 

75,194,000

 

2025

 

 

62,652,000

 

Thereafter

 

 

334,634,000

 

 

 

$

737,316,000