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TENANT LEASES

12 Months Ended

Dec. 31, 2013

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, 2013 are summarized as follows:




(dollars in thousands)
2014	$	117,181
2015	110,496
2016	102,842
2017	93,394
2018	82,012
Thereafter	455,331
Total	$	961,256

During the years ended December 31, 2013, 2012 and 2011, no single tenant collectively accounted for more than 10% of the Company’s total revenues.

- Definition

The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases.

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