Leases

12 Months Ended

Dec. 31, 2014

Leases [Abstract]

Leases

LEASES

The Company is a lessor of certain property pursuant to various commercial lease agreements having terms ranging up to 60 years. The Company generates income from commercial rents. The following is a summary of Building and Improvements held for leases as of December 31, 2014:

Buildings and Improvements
Cost	$	7,942,000
Accumulated Depreciation	$	4,598,000

The following is a summary of income from commercial rents included in real estate revenue as of December 31:

	2014		2013		2012
Base rent	$	4,934,000	$	4,929,000	$	4,861,000
Percentage rent	$	422,000	$	1,213,000	$	707,000

Future minimum rental income on commercial, communication and right-of-way on non-cancellable leases as of December 31, 2014:

2015		2016		2017		2018		2019		Thereafter
$	5,115	$	5,074	$	5,121	$	4,953	$	4,925	$	51,430