Annual report pursuant to Section 13 and 15(d)

Lease Agreements (Notes)

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Lease Agreements (Notes)
12 Months Ended
Dec. 31, 2011
Lease Agreements [Abstract]  
Leases of Lessor Disclosure [Text Block]
Lease Agreements

We are the lessor of over 2,300 stores in our 36 consolidated outlet centers, under operating leases with initial terms that expire from 2012 to 2049. Future minimum lease receipts under non-cancellable operating leases as of December 31, 2011, excluding the effect of straight-line rent and percentage rentals, are as follows (in thousands):

2012
 
$
201,219

2013
 
170,052

2014
 
139,117

2015
 
118,637

2016
 
90,345

Thereafter
 
214,037

 
 
$
933,407