Note 14 - Future Minimum Rents

12 Months Ended

Dec. 31, 2011

Note 14 - Future Minimum Rents Disclosure

Note 14 - Future Minimum Rents

14.     FUTURE MINIMUM RENTS

The Company, through the operating partnerships, owns interests in 111 R&D properties that are leased to tenants under net operating leases with initial terms extending to the year 2022, and are typically subject to fixed increases. Generally, the leases grant tenants renewal options. Future minimum rentals under non-cancelable operating leases as of December 31, 2011, excluding tenant reimbursements of expenses, are as follows:

Year	Minimum Rent
	(dollars in thousands)
2012	$	77,455
2013		74,011
2014		63,090
2015		39,656
2016		34,399
Thereafter		71,575
Total	$	360,186