Future Minimum Lease Payments

12 Months Ended

Dec. 31, 2014

25.

Future Minimum Lease Payments

Future minimum lease payments scheduled to be received under non-cancellable operating leases are as follows (amounts in thousands):


Year	Amount
2015	$	22,018
2016		21,030
2017		20,390
2018		14,565
2019		12,673
Thereafter		37,577

	$	128,253

The Trust had no tenants representing more than 10% of the base rental revenues of the Trust for the year ended December 31, 2014.

Spectra Energy represented more than 10% of the base rental revenues of the Trust for the year ended December 31, 2013 contributing approximately 12.1%. This tenant represented approximately 16.7% of the total rentable square footage of the consolidated operating portfolio.

Spectra Energy represented more than 10% of the base rental revenues of the Trust for the year ended December 31, 2012 contributing approximately 19.7%. This tenant represented approximately 17.5% of the total rentable square footage of the consolidated operating portfolio.

Under going concern accounting, these revenues are reported in the operating properties business segment.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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