Filed Pursuant to Rule 424(b)(3)
Registration No. 333-127405
CB RICHARD ELLIS REALTY TRUST
Supplement No. 20 dated October 29, 2008
to the Prospectus dated April 25, 2008
We are providing this Supplement No. 20 to you in order to supplement our prospectus dated April 25, 2008. This supplement provides information that shall be deemed part of, and must be read in conjunction with, the prospectus, which was supplemented by Supplement No. 12 dated September 11, 2008, Supplement No. 13 dated September 22, 2008, Supplement No. 14 dated September 30, 2008, Supplement No. 15 dated October 6, 2008, Supplement No. 16 dated October 7, 2008, Supplement No. 17 dated October 14, 2008, Supplement No. 18 dated October 15, 2008 and Supplement No. 19 dated October 28, 2008. Capitalized terms used in this Supplement No. 20 have the same meanings in the prospectus unless otherwise stated herein. The terms “we,” “our,” and “us” and CBRE REIT include CB Richard Ellis Realty Trust and its subsidiaries.
The following information should be read in conjunction with the information in our prospectus, including the sections entitled “Real Estate Investments—Properties,” “Real Estate Investments—Significant Tenants,” and “Real Estate Investments—Tenant Lease Expirations.”
Real Estate Investments
This section contains certain information that supplements and updates certain of the information under the section “Real Estate Investments,” which begins on page 91 of our prospectus.
Properties
As of September 30, 2008, we owned 49 office, retail, and industrial (primarily warehouse/distribution) properties on a consolidated basis located in seven states (California, Georgia, Illinois, Massachusetts, North Carolina, South Carolina and Texas) and in the United Kingdom, encompassing approximately 6,483,851 rentable square feet, as well as one undeveloped land parcel in Georgia. Our properties previously held for sale have been transferred to continuing operations. Occupancy for our consolidated properties was approximately 85.02% as of September 30, 2008. Our consolidated debt was $157,302,000 as of September 30, 2008. In addition, we have ownership interests in three unconsolidated entities that, as of September 30, 2008, owned interests in 15 properties.
The following table provides information relating to our properties, excluding those owned through our investment in CBRE Strategic Partners Asia, as of September 30, 2008. These properties consisted of 43 industrial properties, encompassing 8,643,620 rentable square feet, ten office properties, encompassing 795,095 rentable square feet and two retail properties encompassing 351,682 rentable square feet. The average effective annual rents for our industrial properties, office properties and retail properties were approximately $32,313,000, $11,636,000 and $4,670,000 as of September 30, 2008, respectively.
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Property and Market | | Date Acquired | | Year Built | | Property Type | | Our Effective Ownership | | | Net Rentable Square Feet (in thousands) | | Occupancy | | | Approximate Total Acquisition Cost(1) (in thousands) |
Domestic Consolidated Properties: | | | | | | | | | | | | | | | | | |
REMEC Corporate Campus 1 San Diego, CA | | 9/15/2004 | | 1983 | | Office | | 100.00 | % | | 34 | | 100.00 | % | | $ | 6,833 |
REMEC Corporate Campus 2 San Diego, CA | | 9/15/2004 | | 1983 | | Office | | 100.00 | % | | 30 | | 100.00 | % | | | 6,125 |
REMEC Corporate Campus 3 San Diego, CA | | 9/15/2004 | | 1983 | | Office | | 100.00 | % | | 37 | | 100.00 | % | | | 7,523 |
REMEC Corporate Campus 4 San Diego, CA | | 9/15/2004 | | 1983 | | Office | | 100.00 | % | | 31 | | 100.00 | % | | | 6,186 |
300 Constitution Drive Boston, MA | | 11/3/2004 | | 1998 | | Warehouse/Distribution | | 100.00 | % | | 330 | | 100.00 | % | | | 19,805 |
Deerfield Commons(2) Atlanta, GA | | 6/21/2005 | | 2000 | | Office | | 100.00 | % | | 122 | | 100.00 | % | | | 21,834 |
505 Century Dallas, TX | | 1/9/2006 | | 1997 | | Warehouse/Distribution | | 100.00 | % | | 100 | | 72.40 | % | | | 6,095 |
631 International Dallas, TX | | 1/9/2006 | | 1998 | | Warehouse/Distribution | | 100.00 | % | | 73 | | 100.00 | % | | | 5,407 |
660 North Dorothy Dallas, TX | | 1/9/2006 | | 1997 | | Warehouse/Distribution | | 100.00 | % | | 120 | | 100.00 | % | | | 6,836 |
Bolingbrook Point III Chicago, IL | | 8/29/2007 | | 2006 | | Warehouse/Distribution | | 100.00 | % | | 185 | | 100.00 | % | | | 18,170 |
Cherokee Corporate Park(3) Spartanburg, SC | | 8/30/2007 | | 2000 | | Warehouse/Distribution | | 100.00 | % | | 60 | | 100.00 | % | | | 3,775 |
Community Cash Complex 1(3) Spartanburg, SC | | 8/30/2007 | | 1960 | | Warehouse/Distribution | | 100.00 | % | | 205 | | 87.90 | % | | | 2,690 |
Community Cash Complex 2(3) Spartanburg, SC | | 8/30/2007 | | 1978 | | Warehouse/Distribution | | 100.00 | % | | 145 | | 93.57 | % | | | 2,225 |
Community Cash Complex 3(3) Spartanburg, SC | | 8/30/2007 | | 1981 | | Warehouse/Distribution | | 100.00 | % | | 116 | | 100.00 | % | | | 1,701 |
Community Cash Complex 4(3) Spartanburg, SC | | 8/30/2007 | | 1984 | | Warehouse/Distribution | | 100.00 | % | | 33 | | 0.00 | % | | | 547 |
Community Cash Complex 5(3) Spartanburg, SC | | 8/30/2007 | | 1984 | | Warehouse/Distribution | | 100.00 | % | | 53 | | 0.00 | % | | | 824 |
Fairforest Building 1(3) Spartanburg, SC | | 8/30/2007 | | 2000 | | Manufacturing | | 100.00 | % | | 51 | | 100.00 | % | | | 2,974 |
Fairforest Building 2(3) Spartanburg, SC | | 8/30/2007 | | 1999 | | Manufacturing | | 100.00 | % | | 104 | | 100.00 | % | | | 5,379 |
Fairforest Building 3(3) Spartanburg, SC | | 8/30/2007 | | 2000 | | Manufacturing | | 100.00 | % | | 100 | | 100.00 | % | | | 5,760 |
Fairforest Building 4(3) Spartanburg, SC | | 8/30/2007 | | 2001 | | Manufacturing | | 100.00 | % | | 101 | | 100.00 | % | | | 5,640 |
Fairforest Building 5 Spartanburg, SC | | 8/30/2007 | | 2006 | | Warehouse/Distribution | | 100.00 | % | | 316 | | 100.00 | % | | | 16,968 |
Fairforest Building 6(4) Spartanburg, SC | | 8/30/2007 | | 2005 | | Manufacturing | | 100.00 | % | | 101 | | 100.00 | % | | | 7,468 |
Fairforest Building 7 Spartanburg, SC | | 8/30/2007 | | 2006 | | Warehouse/Distribution | | 100.00 | % | | 101 | | 24.64 | % | | | 5,626 |
Greenville/Spartanburg Industrial Park(3) Spartanburg, SC | | 8/30/2007 | | 1990 | | Manufacturing | | 100.00 | % | | 67 | | 100.00 | % | | | 3,388 |
Highway 290 Commerce Park Building 1(3) Spartanburg, SC | | 8/30/2007 | | 1995 | | Warehouse/Distribution | | 100.00 | % | | 150 | | 33.33 | % | | | 5,388 |
Highway 290 Commerce Park Building 5(3) Spartanburg, SC | | 8/30/2007 | | 1993 | | Warehouse/Distribution | | 100.00 | % | | 30 | | 100.00 | % | | | 1,420 |
Highway 290 Commerce Park Building 7(3) Spartanburg, SC | | 8/30/2007 | | 1994 | | Warehouse/Distribution | | 100.00 | % | | 88 | | 100.00 | % | | | 4,889 |
HJ Park Building 1 Spartanburg, SC | | 8/30/2007 | | 2003 | | Manufacturing | | 100.00 | % | | 70 | | 100.00 | % | | | 4,216 |
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Property and Market | | Date Acquired | | Year Built | | Property Type | | Our Effective Ownership | | | Net Rentable Square Feet (in thousands) | | Occupancy | | | Approximate Total Acquisition Cost(1) (in thousands) | |
Jedburg Commerce Park Charleston, SC | | 8/30/2007 | | 2007 | | Manufacturing | | 100.00 | % | | 513 | | 100.00 | % | | | 41,967 | |
Kings Mountain I(4) Charlotte, NC | | 8/30/2007 | | 1998 | | Warehouse/Distribution | | 100.00 | % | | 100 | | 100.00 | % | | | 5,497 | |
Kings Mountain II Charlotte, NC | | 8/30/2007 | | 2002 | | Warehouse/Distribution | | 100.00 | % | | 301 | | 100.00 | % | | | 11,311 | |
Mount Holly Building Charleston, SC | | 8/30/2007 | | 2003 | | Warehouse/Distribution | | 100.00 | % | | 101 | | 100.00 | % | | | 6,208 | |
North Rhett I Charleston, SC | | 8/30/2007 | | 1973 | | Warehouse/Distribution | | 100.00 | % | | 285 | | 100.00 | % | | | 10,302 | |
North Rhett II Charleston, SC | | 8/30/2007 | | 2001 | | Warehouse/Distribution | | 100.00 | % | | 102 | | 100.00 | % | | | 7,073 | |
North Rhett III(4) Charleston, SC | | 8/30/2007 | | 2002 | | Warehouse/Distribution | | 100.00 | % | | 80 | | 100.00 | % | | | 4,812 | |
North Rhett IV Charleston, SC | | 8/30/2007 | | 2005 | | Warehouse/Distribution | | 100.00 | % | | 316 | | 100.00 | % | | | 17,060 | |
Orangeburg Park Building Charleston, SC | | 8/30/2007 | | 2003 | | Warehouse/Distribution | | 100.00 | % | | 101 | | 100.00 | % | | | 5,474 | |
Orchard Business Park 2(3) Spartanburg, SC | | 8/30/2007 | | 1993 | | Warehouse/Distribution | | 100.00 | % | | 33 | | 100.00 | % | | | 761 | |
Union Cross Building I Winston-Salem, NC | | 8/30/2007 | | 2005 | | Warehouse/Distribution | | 100.00 | % | | 101 | | 100.00 | % | | | 6,585 | |
Union Cross Building II Winston-Salem, NC | | 8/30/2007 | | 2005 | | Warehouse/Distribution | | 100.00 | % | | 316 | | 100.00 | % | | | 17,216 | |
Highway 290 Commerce Park Building 2(3) Spartanburg, SC | | 9/24/2007 | | 1995 | | Warehouse/Distribution | | 100.00 | % | | 100 | | 100.00 | % | | | 4,626 | |
Highway 290 Commerce Park Building 6(3) Spartanburg, SC | | 11/1/2007 | | 1996 | | Warehouse/Distribution | | 100.00 | % | | 105 | | 0.00 | % | | | 3,760 | |
Orchard Business Park 1(3) Spartanburg, SC | | 11/1/2007 | | 1994 | | Warehouse/Distribution | | 100.00 | % | | 18 | | 100.00 | % | | | 1,378 | |
Lakeside Office Center Dallas, TX | | 3/5/2008 | | 2006 | | Office | | 100.00 | % | | 99 | | 100.00 | % | | | 17,965 | |
Kings Mountain III Charlotte, NC | | 3/14/2008 | | 2007 | | Warehouse/Distribution | | 100.00 | % | | 542 | | 0.00 | % | | | 25,662 | |
Enclave on the Lake(7) Houston, TX | | 7/1/2008 | | 1999 | | Office | | 100.00 | % | | 172 | | 100.00 | % | | | 37,762 | |
| | | | | | | | | | | | | | | | | | |
Total Domestic Consolidated Properties | | | | | | | | | 6,338 | | 84.68 | % | | | 411,111 | |
| | | | | | | | | | | | | | | | | | |
International Consolidated Properties: | | | | | | | | | | | | | | | | | | |
602 Central Boulevard Coventry, UK | | 4/27/2007 | | 2001 | | Office | | 100.00 | % | | 50 | | 100.00 | % | | | 23,847 | |
Thames Valley Five Reading, UK | | 3/20/2008 | | 1998 | | Office | | 100.00 | % | | 40 | | 100.00 | % | | | 29,529 | |
Albion Mills Retail Park(7) Wakefield, UK | | 7/11/2008 | | 2000 | | Retail | | 100.00 | % | | 55 | | 100.00 | % | | | 22,064 | |
| | | | | | | | | | | | | | | | | | |
Total International Consolidated Properties | | | | | | | | | 145 | | 100.00 | % | | | 75,440 | |
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Total Consolidated Properties | | | | | | | | | 6,483 | | 85.02 | % | | | 486,551 | |
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Unconsolidated Properties(5): | | | | | | | | | | | | | | | | | | |
Buckeye Logistics Center(6) Phoenix, AZ | | 6/12/2008 | | 2008 | | Warehouse/Distribution | | 80.00 | % | | 605 | | 100.00 | % | | | 35,554 | |
Afton Ridge Shopping Center Kannapolis, NC | | 9/18/2008 | | 2007 | | Retail | | 90.00 | % | | 296 | | 91.35 | % | | | 45,573 | |
AllPoints at Anson Bldg. 1(6) Indianapolis, IN | | 9/30/2008 | | 2008 | | Warehouse/Distribution | | 80.00 | % | | 631 | | 100.00 | % | | | 27,032 | |
Aspen Corporate Center 500(6) Nashville, TN | | 9/30/2008 | | 2008 | | Office | | 80.00 | % | | 180 | | 100.00 | % | | | 30,032 | |
12200 President’s Court(6) Jacksonville, FL | | 9/30/2008 | | 2008 | | Warehouse/Distribution | | 80.00 | % | | 772 | | 100.00 | % | | | 29,915 | |
201 Sunridge Blvd.(6) Dallas, TX | | 9/30/2008 | | 2008 | | Warehouse/Distribution | | 80.00 | % | | 823 | | 100.00 | % | | | 25,623 | |
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Total Unconsolidated Properties(5) | | | | | | | | | | | 3,307 | | 99.22 | % | | | 193,729 | |
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Total Properties | | | | | | | | | | | 9,790 | | 89.82 | % | | $ | 680,280 | |
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(1) | Approximate total acquisition cost represents the pro rata purchase price inclusive of customary closing costs and acquisition fees. |
(2) | Includes ten acres of undeveloped land zoned for office use. |
(3) | Properties previously held for sale were transferred to continuing operations effective on September 30, 2008. |
(4) | Includes the purchase prices of adjacent land parcels acquired on January 23, 2008. |
(5) | Does not include CBRE Strategic Partners Asia properties. See “Real Estate Investments—Other Investments,” which appears on page 94 of our prospectus. |
(6) | This property is held through the Duke joint venture. |
(7) | The estimated acquisition cap rate is approximately 7.2%. Acquisition cap rate equals annualized in-place net operating income divided by total acquisition cost for the property. Annualized in-place net operating income equals, on an annualized cash basis as derived from leases in-place at the time we acquire the property, rental income and tenant reimbursements less property and related expenses (operating maintenance, management fees and real estate taxes) and excludes other non-property income and expenses, interest expense, depreciation and amortization and our company-level general and administrative expenses. |
Property Type Concentration
Our property type concentrations as of September 30, 2008 are as follows (net rentable square feet and acquisition cost in thousands):
| | | | | | | | | | | | | | | | | | | | | |
| | Consolidated Properties | | Unconsolidated Properties(1) | | Consolidated & Unconsolidated Properties(1) |
Property Type | | Properties | | Net Rentable Square Feet | | Approximate Total Acquisition Cost | | Properties | | Net Rentable Square Feet | | Approximate Total Acquisition Cost | | Properties | | Net Rentable Square Feet | | Approximate Total Acquisition Cost |
Warehouse/Distribution | | 31 | | 4,706 | | $ | 230,091 | | 4 | | 2,831 | | $ | 118,124 | | 35 | | 7,537 | | $ | 348,215 |
Office | | 9 | | 615 | | | 157,604 | | 1 | | 180 | | | 30,032 | | 10 | | 795 | | | 187,636 |
Manufacturing | | 8 | | 1,107 | | | 76,792 | | — | | — | | | — | | 8 | | 1,107 | | | 76,792 |
Retail | | 1 | | 55 | | | 22,064 | | 1 | | 296 | | | 45,573 | | 2 | | 351 | | | 67,637 |
| | | | | | | | | | | | | | | | | | | | | |
Total | | 49 | | 6,483 | | $ | 486,551 | | 6 | | 3,307 | | $ | 193,729 | | 55 | | 9,790 | | $ | 680,280 |
| | | | | | | | | | | | | | | | | | | | | |
(1) | Number of Properties and Net Rentable Square Feet for Unconsolidated Properties are at 100%. Approximate Total Acquisition Cost for Unconsolidated Properties is at our pro rata share of effective ownership. |
Geographic Concentration
Our geographic concentrations as of September 30, 2008 are as follows (net rentable square feet and acquisition cost in thousands):
| | | | | | | | | | | | | | | | | | | | | |
| | Consolidated Properties | | Unconsolidated Properties(1) | | Consolidated & Unconsolidated Properties(1) |
| | Properties | | Net Rentable Square Feet | | Approximate Total Acquisition Cost | | Properties | | Net Rentable Square Feet | | Approximate Total Acquisition Cost | | Properties | | Net Rentable Square Feet | | Approximate Total Acquisition Cost |
Domestic | | | | | | | | | | | | | | | | | | | | | |
South Carolina | | 29 | | 3,645 | | $ | 184,299 | | — | | — | | $ | — | | 29 | | 3,645 | | $ | 184,299 |
North Carolina | | 5 | | 1,360 | | | 66,271 | | 1 | | 296 | | | 45,573 | | 6 | | 1,656 | | | 111,844 |
Texas | | 5 | | 564 | | | 74,065 | | 1 | | 823 | | | 25,623 | | 6 | | 1,387 | | | 99,688 |
Arizona | | — | | — | | | — | | 1 | | 605 | | | 35,554 | | 1 | | 605 | | | 35,554 |
Tennessee | | — | | — | | | — | | 1 | | 180 | | | 30,032 | | 1 | | 180 | | | 30,032 |
Florida | | — | | — | | | — | | 1 | | 772 | | | 29,915 | | 1 | | 772 | | | 29,915 |
Indiana | | — | | — | | | — | | 1 | | 631 | | | 27,032 | | 1 | | 631 | | | 27,032 |
California | | 4 | | 132 | | | 26,667 | | — | | — | | | — | | 4 | | 132 | | | 26,667 |
Georgia | | 1 | | 122 | | | 21,834 | | — | | — | | | — | | 1 | | 122 | | | 21,834 |
Massachusetts | | 1 | | 330 | | | 19,805 | | — | | — | | | — | | 1 | | 330 | | | 19,805 |
Illinois | | 1 | | 185 | | | 18,170 | | — | | — | | | — | | 1 | | 185 | | | 18,170 |
| | | | | | | | | | | | | | | | | | | | | |
Total Domestic | | 46 | | 6,338 | | | 411,111 | | 6 | | 3,307 | | | 193,729 | | 52 | | 9,645 | | | 604,840 |
International | | | | | | | | | | | | | | | | | | | | | |
United Kingdom | | 3 | | 145 | | | 75,440 | | — | | — | | | — | | 3 | | 145 | | | 75,440 |
| | | | | | | | | | | | | | | | | | | | | |
Total | | 49 | | 6,483 | | $ | 486,551 | | 6 | | 3,307 | | $ | 193,729 | | 55 | | 9,790 | | $ | 680,280 |
| | | | | | | | | | | | | | | | | | | | | |
(1) | Number of Properties and Net Rentable Square Feet for Unconsolidated Properties are at 100%. Approximate Total Acquisition Cost for Unconsolidated Properties is at our pro rata share of effective ownership. |
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Significant Tenants
The following table details our largest tenants (in thousands):
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| | | | | | Consolidated Properties | | Unconsolidated Properties(1) | | Consolidated & Unconsolidated Properties(1) |
| | Tenant | | Primary Industry | | Net Rentable Square Feet | | Annualized Base Rent | | Net Rentable Square Feet | | Annualized Base Rent | | Net Rentable Square Feet | | Annualized Base Rent |
1 | | Amazon.com, Inc(2) | | Internet Retail | | — | | $ | — | | 1,235 | | $ | 4,321 | | 1,235 | | $ | 4,321 |
2 | | SBM Offshore(3) | | Petroleum and Mining | | 171 | | | 4,277 | | — | | | — | | 171 | | | 4,277 |
3 | | Unilever(4) | | Consumer Products | | — | | | — | | 1,595 | | | 3,858 | | 1,595 | | | 3,858 |
4 | | Regus Business Centers | | Executive Office Suites | | 86 | | | 2,971 | | — | | | — | | 86 | | | 2,971 |
5 | | American LaFrance | | Vehicle Related Manufacturing | | 513 | | | 2,810 | | — | | | — | | 513 | | | 2,810 |
6 | | REMEC | | Defense and Aerospace | | 133 | | | 2,376 | | — | | | — | | 133 | | | 2,376 |
7 | | Verizon Wireless(5) | | Telecommunications | | — | | | — | | 180 | | | 2,117 | | 180 | | | 2,117 |
8 | | Capita Business Services | | Business Services | | 50 | | | 1,535 | | — | | | — | | 50 | | | 1,535 |
9 | | Women’s Apparel Group | | Internet Retail | | 330 | | | 1,426 | | — | | | — | | 330 | | | 1,426 |
10 | | CEVA Logistics | | Logistics and Distribution | | 316 | | | 1,239 | | — | | | — | | 316 | | | 1,239 |
11 | | Echostar Satellite | | Telecommunications | | 316 | | | 1,200 | | — | | | — | | 316 | | | 1,200 |
12 | | Wickes Building Supplies | | Home Furnishings/Home Improvement | | 40 | | | 1,193 | | — | | | — | | 40 | | | 1,193 |
13 | | Trans Hold | | Logistics and Distribution | | 316 | | | 1,174 | | — | | | — | | 316 | | | 1,174 |
14 | | TIAA | | Financial Services | | 68 | | | 928 | | — | | | — | | 68 | | | 928 |
15 | | Southeastern Container | | Other Manufacturing | | 301 | | | 823 | | — | | | — | | 301 | | | 823 |
16 | | Compass Group USA | | Food Service and Retail | | 98 | | | 762 | | — | | | — | | 98 | | | 762 |
17 | | Briggs Industries | | Home Furnishings/Home Improvement | | 285 | | | 740 | | — | | | — | | 285 | | | 740 |
18 | | Intier Automotive | | Vehicle Related Manufacturing | | 126 | | | 698 | | — | | | — | | 126 | | | 698 |
19 | | Hoke | | Other Manufacturing | | 104 | | | 602 | | — | | | — | | 104 | | | 602 |
20 | | Lear Corporation | | Vehicle Related Manufacturing | | 88 | | | 536 | | — | | | — | | 88 | | | 536 |
| | All Other (85 tenants) | | 2,171 | | | 9,957 | | 271 | | | 3,076 | | 2,442 | | | 13,033 |
| | | | | | | | | | | | | | | | | | | |
| | | | | | 5,512 | | $ | 35,247 | | 3,281 | | $ | 13,372 | | 8,793 | | $ | 48,619 |
| | | | | | | | | | | | | | | | | | | |
(1) | Net Rentable Square Feet for Unconsolidated Properties is at 100%. Annualized Base Rent for Unconsolidated Properties is at our pro rata share of effective ownership. |
(2) | Our tenants are Amazon.com.azdc, Inc., in our Buckeye Logistics Center property, and Amazon.com.indc, LLC, in our AllPoints at Anson Bldg. 1 property, which are both wholly-owned subsidiaries of Amazon.com. |
(3) | Our tenant is Atlantic Offshore Ltd., a wholly-owned subsidiary. |
(4) | Our tenant is CONOPCO, Inc., a wholly-owned subsidiary. |
(5) | Verizon Wireless is the d/b/a for Cellco Partnership. |
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Tenant Industries
Our tenants operate across a wide range of industries. The following table details our tenant-industry concentrations (in thousands):
| | | | | | | | | | | | | | | |
| | Consolidated Properties | | Unconsolidated Properties(1) | | Consolidated & Unconsolidated Properties(1) |
Primary Tenant Industry Category | | Net Rentable Square Feet | | Annualized Base Rent | | Net Rentable Square Feet | | Annualized Base Rent | | Net Rentable Square Feet | | Annualized Base Rent |
Internet Retail | | 330 | | $ | 1,426 | | 1,235 | | $ | 4,321 | | 1,565 | | $ | 5,747 |
Consumer Products | | 246 | | | 861 | | 1,597 | | | 3,895 | | 1,843 | | | 4,756 |
Vehicle Related Manufacturing | | 863 | | | 4,601 | | — | | | — | | 863 | | | 4,601 |
Petroleum and Mining | | 171 | | | 4,277 | | — | | | — | | 171 | | | 4,277 |
Other Manufacturing | | 1,006 | | | 3,650 | | — | | | — | | 1,006 | | | 3,650 |
Business Services | | 445 | | | 3,457 | | — | | | — | | 445 | | | 3,457 |
Logistics and Distribution | | 910 | | | 3,375 | | — | | | — | | 910 | | | 3,375 |
Telecommunications | | 316 | | | 1,200 | | 180 | | | 2,117 | | 496 | | | 3,317 |
Executive Office Suites | | 86 | | | 2,971 | | — | | | — | | 86 | | | 2,971 |
Home Furnishings/Home Improvement | | 445 | | | 2,469 | | 35 | | | 389 | | 480 | | | 2,858 |
Defense and Aerospace | | 133 | | | 2,376 | | — | | | — | | 133 | | | 2,376 |
Financial Services | | 187 | | | 1,662 | | — | | | — | | 187 | | | 1,662 |
Food Service and Retail | | 108 | | | 782 | | 20 | | | 399 | | 128 | | | 1,181 |
Specialty Retail | | 15 | | | 401 | | 75 | | | 712 | | 90 | | | 1,113 |
Other Retail | | 74 | | | 288 | | 46 | | | 646 | | 120 | | | 934 |
Apparel Retail | | — | | | — | | 89 | | | 813 | | 89 | | | 813 |
Pharmaceutical and Health Care Related | | 123 | | | 769 | | — | | | — | | 123 | | | 769 |
Professional Services | | 54 | | | 682 | | 4 | | | 80 | | 58 | | | 762 |
| | | | | | | | | | | | | | | |
Totals | | 5,512 | | $ | 35,247 | | 3,281 | | $ | 13,372 | | 8,793 | | $ | 48,619 |
| | | | | | | | | | | | | | | |
(1) | Net Rentable Square Feet for Unconsolidated Properties is at 100%. Annualized Base Rent for Unconsolidated Properties is at our pro rata share of effective ownership. |
Tenant Lease Expirations
The following table sets forth a schedule of expiring leases for our consolidated and unconsolidated properties as of September 30, 2008 (in thousands):
| | | | | | | | | | | | | | | |
| | Consolidated Properties | | Unconsolidated Properties(1) | | Consolidated & Unconsolidated Properties(1) |
| | Expiring Net Rentable Square Feet | | Expiring Base Rent | | Expiring Net Rentable Square Feet | | Expiring Base Rent | | Expiring Net Rentable Square Feet | | Expiring Base Rent |
2008 (Three Months Ended December 31, 2008) | | 435 | | $ | 903 | | — | | $ | — | | 435 | | $ | 903 |
2009 | | 669 | | | 3,297 | | — | | | — | | 669 | | | 3,297 |
2010 | | 512 | | | 4,515 | | — | | | — | | 512 | | | 4,515 |
2011 | | 195 | | | 1,097 | | — | | | — | | 195 | | | 1,097 |
2012 | | 379 | | | 5,348 | | 22 | | | 365 | | 401 | | | 5,713 |
2013 | | 1,294 | | | 8,636 | | 20 | | | 426 | | 1,314 | | | 9,062 |
2014 | | 146 | | | 774 | | — | | | — | | 146 | | | 774 |
2015 | | 710 | | | 3,094 | | — | | | — | | 710 | | | 3,094 |
2016 | | 199 | | | 1,206 | | 30 | | | 236 | | 229 | | | 1,442 |
2017 | | 200 | | | 3,421 | | 121 | | | 1,302 | | 321 | | | 4,723 |
Thereafter | | 773 | | | 4,484 | | 3,088 | | | 12,834 | | 3,861 | | | 17,318 |
| | | | | | | | | | | | | | | |
Total | | 5,512 | | $ | 36,775 | | 3,281 | | $ | 15,163 | | 8,793 | | $ | 51,938 |
| | | | | | | | | | | | | | | |
(1) | Expiring Net Rentable Square Feet for Unconsolidated Properties is at 100%. Expiring Base Rent for Unconsolidated Properties is at our pro rata share of effective ownership. |
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