LEASES

The Company is a lessor of certain property pursuant to various commercial lease agreements having terms ranging up to 60 years. The Company generates income from commercial rents. The following is a summary of income from commercial rents included in real estate revenue as of December 31:



	2017		2016		2015
Base rent	$	5,711,000	$	5,613,000	$	5,208,000
Percentage rent	$	677,000	$	495,000	$	652,000

Future minimum rental income on commercial, communication and right-of-way on non-cancelable leases as of December 31, 2017:



2018		2019		2020		2021		2022		Thereafter
$	5,715	$	5,635	$	5,555	$	5,309	$	5,113	$	21,679