Related Party Transactions - Rent Income (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Rent Income

Rent income, including total additional rent based on operating profits subject to additional rent, reported by Associates of $14,234,596 and $11,613,895 for 2012 and 2011, respectively, was comprised as follows:

	Year ended December 31,
	2012		2011
Basic rent income	$	7,474,531	$	7,474,112
Advance of additional rent		1,053,800		1,053,800
Further additional rent		5,706,265		3,085,983
Total additional rent		6,760,065		4,139,783
Rent income	$	14,234,596	$	11,613,895

Schedule of Future Minimum Rental Income

The following is a schedule of future minimum rental income (assuming that the Lessee does not surrender the Lease):

Year ending December 31,
2013	$	7,480,000
2014		6,230,000	*
2015		24,000	*
2016		24,000	*
2017		24,000	*
Thereafter		378,000	*
	$	14,160,000

* Associates intends to refinance the existing mortgages which mature on November 5, 2014. In accordance with the Ninth Lease Modification Agreement, basic rent will increase to include the required debt service on the refinanced mortgages. The above table does not reflect the additional basic rent that will result after November 2014 from the refinanced debt.