TENANT LEASES

12 Months Ended

Dec. 31, 2014

Leases [Abstract]

Tenant Leases

Tenant Leases

Space in the shopping centers and other retail properties is leased to various tenants under operating leases that usually grant tenants renewal options and generally provide for additional rents based on certain operating expenses as well as tenants’ sales volume.

Minimum future rentals to be received under non-cancelable leases for shopping centers and other retail properties as of December 31, 2014 are summarized as follows:

(dollars in thousands)
2015	$	124,699
2016	118,039
2017	107,338
2018	94,846
2019	82,356
Thereafter	418,588
Total	$	945,866

During the years ended December 31, 2014, 2013 and 2012, no single tenant collectively accounted for more than 10% of the Company’s total revenues.