COMPONENTS OF RENTAL INCOME AND EXPENSE (Tables)

12 Months Ended

Dec. 31, 2012

Principal components of rental income

The principal components of rental income are as follows (in thousands):

	Year Ended December 31,
	2012		2011		2010
Minimum rents
Retail	$	67,046	$	63,996	$	57,509
Office		71,817		53,457		23,661
Multifamily		13,796		13,246		13,076
Mixed-Use		8,893		8,478		—
Cost reimbursement		27,763		24,463		18,576
Percentage rent		2,608		1,967		1,217
Hotel revenue		31,729		27,125		—
Other		1,597		1,436		1,126
Total rental income	$	225,249	$	194,168	$	115,165

Principal components of rental expenses

The principal components of rental expenses are as follows (in thousands):

	Year Ended December 31,
	2012		2011		2010
Rental operating	$	24,264	$	22,008	$	12,415
Hotel operating		20,905		18,885		—
Repairs and maintenance		9,452		8,082		5,102
Marketing		1,266		1,390		674
Rent		2,378		2,767		1,182
Hawaii excise tax		3,813		3,379		1,058
Management fees		2,011		1,622		89
Total rental expenses	$	64,089	$	58,133	$	20,520