TENANT LEASES

12 Months Ended

Dec. 31, 2011

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, 2011 are summarized as follows:

(dollars in thousands)
2012	$	87,873
2013	82,153
2014	75,099
2015	69,636
2016	65,245
Thereafter	574,137
Total	$	954,143

During the years ended December 31, 2011, 2010 and 2009, no single tenant collectively accounted for more than 10% of the Company’s total revenues.

ACADIA REALTY TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS