NOTE 6 – RENTAL REVENUE

Our properties are leased to various national and local companies under leases expiring through 2031. As of December 31, 2016, 17 tenants leased approximately 67.8% of the space at the West Palm Beach, Florida property, two tenants leased 100% of the space at the Paramus, New Jersey property, and one tenant leased 100% of the space at the Westbury, New York property. One tenant at the Paramus property and the tenant at the Westbury property leased their space pursuant to short-term license agreements for most of 2016.

Future minimum rentals under noncancellable terms of tenants’ operating leases as of December 31, 2016 are as follows (dollars in thousands):

Year ended:	Future Minimum Rentals

2017	$	1,227
2018		1,083
2019		1,069
2020		1,040
2021		831
Thereafter		7,212
	$	12,462