Operating Leases

12 Months Ended

Dec. 31, 2011

The Company leases properties to tenants under operating leases with various expiration dates extending to 2030. Minimum future rentals on non-cancelable leases at December 31, 2011 are as follows (in thousands):



Year	Minimum Rent
2012	$	443,103
2013	424,764
2014	384,539
2015	344,641
2016	295,045
Thereafter	1,090,697

Total minimum future rentals presented above do not include amounts to be received as tenant reimbursements for operating costs.

- Definition

The entire disclosure for operating leases of a lessor. This may inlcude a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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