TENANT LEASES

12 Months Ended

Dec. 31, 2012

Leases [Abstract]

Tenant Leases

Tenant Leases

Space in the shopping centers and other retail properties is leased to various tenants under operating leases that usually grant tenants renewal options and generally provide for additional rents based on certain operating expenses as well as tenants’ sales volume.

Minimum future rentals to be received under non-cancelable leases for shopping centers and other retail properties as of December 31, 2012 are summarized as follows:

(dollars in thousands)
2013	$	102,003
2014	93,026
2015	86,460
2016	81,154
2017	73,551
Thereafter	533,293
Total	$	969,487

During the years ended December 31, 2012, 2011 and 2010, no single tenant collectively accounted for more than 10% of the Company’s total revenues.