Rental Revenue |
9 Months Ended | ||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||
| Operating Leases of Lessor Disclosure [Text Block] |
Note 8 Rental Revenue
The aggregate annual minimum cash to be received by the Company on the noncancelable operating leases related to its portfolio of facilities in effect as of September 30, 2016, are as follows for the subsequent years ended December 31; as listed below:
For the three months ended September 30, 2016, the Omaha facility constituted approximately 22% of the Company’s rental revenue, the Tennessee facilities constituted approximately 18% of rental revenue, the Plano facility constituted approximately 17% of rental revenue, the West Mifflin facility constituted approximately 11% of rental revenue, the Melbourne facility constituted approximately 15% of rental revenue, and the Reading facility constituted approximately 8% of rental revenue. The Asheville and Westland facilities constituted approximately 3% and 6% of rental revenue, respectively. Based on their dates of acquisition the East Orange and Watertown facilities constituted less than one percent of rental revenue. For the nine months ended September 30, 2016, the Omaha facility constituted approximately 26% of the Company’s rental revenue, the Tennessee facilities constituted approximately 21% of rental revenue, the Plano facility constituted approximately 17% of rental revenue, the West Mifflin facility constituted approximately 13% of rental revenue, the Melbourne facility constituted approximately 12% of rental revenue, and the Reading facility constituted approximately 3% of rental revenue. The Asheville and Westland facilities each constituted approximately 4% of rental revenue. Based on their dates of acquisition the East Orange and Watertown facilities constituted approximately zero percent of rental revenue. For the three months ended September 30, 2015, the Omaha facility constituted approximately 85% of the Company’s rental revenue, the Asheville facility constituted approximately 12% of rental revenue, and the West Mifflin facility constituted approximately 3% of rental revenue. For the nine months ended September 30, 2015, the Omaha facility constituted approximately 87% of the Company’s rental revenue, the Asheville facility constituted approximately 12% of rental revenue, and the West Mifflin facility constituted approximately 1% of rental revenue. |