Rentals under Operating Leases

12 Months Ended

Dec. 31, 2015

Rentals under Operating Leases

Rentals under Operating Leases

9. Rentals under Operating Leases

            Future minimum rentals to be received under non-cancelable tenant operating leases for each of the next five years and thereafter, excluding tenant reimbursements of operating expenses and percentage rent based on tenant sales volume as of December 31, 2015 are as follows:

2016	$	2,754,732
2017		2,516,302
2018		2,230,521
2019		1,948,366
2020		1,714,945
Thereafter		4,823,612
	$	15,988,478