Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Herb Tinger of Morgan Keegan. Your line is open.
Herb Tinger - Morgan Keegan
Thank you. Good morning. Just a few questions. The four properties you disclosed you now option exercises on, can you tell us what the yield on those properties are?
Doug Whitman
Off the top of my head, no. I would say they are going to be fairly high, let's say above 9.5%. We can look those up and get back to you.
Herb Tinger - Morgan Keegan
Okay. I will make sure we'll follow up then.
Doug Whitman
They are all properties that have been leased for quiet some time, and so just year-over-year increases in those properties has escalated the yield.
Herb Tinger - Morgan Keegan
Okay. I also noticed there was a sequential increase in master lease rental income in the quarter? Can you explain what drove that, absent any acquisitions?
Scott Holmes
Yeah, as we commented in comments just a few minutes ago, there was a non-recurring lease termination fee included in master lease income of $700,000. And that's the primary driver of the increase.
Herb Tinger - Morgan Keegan
Okay. Also straight line rent went negative in this quarter. So if you assume no future acquisitions, should we expect the same trend going forward?
Scott Holmes
The short answer would be yes, to expect the same trend going forward. However, to the extent we are entering into new leases for properties that are in stabilization mode at the current time that could change and offset that trend, back to a positive straight line rental income. And that's all dependent on the kind of releases and the kind of step-ups in the leases that we incur going forward.
Herb Tinger - Morgan Keegan
Okay. And lastly, early in your comments you mentioned about a couple of one-time expense or first quarter specific expenses, such as the annual reports etcetera. Does that account for the sequential increase in SG&As from Q4 to this quarter?
Scott Holmes
That is the vast majority of it, yes.
Herb Tinger - Morgan Keegan
Okay. Thank you very much.
Scott Holmes
Thank you.
Operator
Our next question comes from Kristin Brown with Deutsche Bank. Your line is open.
Kristin Brown - Deutsche Bank
Hi, good morning, guys.
David Emery
Good morning.
Kristin Brown - Deutsche Bank
My first question is on the development pipeline in the supplemental. It seems like there are, lot of, changes over the end of the year in terms of just delivery dates and expected investments, like for instance Hawaii increased in terms of square footage, but it's a 2010 delivery. So, could you just go through some of the changes there?
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