Question-and-Answer Session
Operator
Thank you. (Operator Instructions) And we’ll take our first question from Paul Adornato with BMO Capital Markets. Please go ahead, sir.
Paul Adornato - BMO Capital Markets
Could you tell us about the bad debt, how many tenants does that relate to and what businesses they’re involved in?
Skip Dawson
Sure. The current pool of tenants that we’re actually reserving for, it’s about 47. And as we talked earlier on the call, the majority of those are going to be the Maryland, specifically as far as dollar value in the Baltimore properties we discussed earlier. The size of the tenants, they vary. We’ve got about a dozen of them over 10,000 square feet, half a dozen of those between 5 and 10 and in the balance under 5,000. So each of one of these tenants that we are in reserve for today, we’re working with, we’ll try and do formulate a plan that makes sense going forward in realizing the challenges that they’re facing, but ?
Paul Adornato - BMO Capital Markets
Okay. Have all of the tenants stopped paying rent or are these the ones that you feel are just in trouble?
Doug Donatelli
No, they haven’t stopped. Just to step back for a second on how take we take a look at reserves, we reserve for tenants that are in the space currently that have balances above their security deposits. And in some cases, tenants moving around in that bucket, we look at the obligation, we look at what they are telling us as far as their history in the past and what they see going forward. But nonetheless, bad debt we actually believe is not going to sponge off the system. Its tenants that are currently [challenged] that we’re working through right now.
Skip Dawson
Most of those tenants have stopped paying their rent, excuse me. So they’ve either stopped paying their rent or we just know something about their business and have decided to reserve for them, because they have approached us and told us that they have issues with their business, and we are concerned about the ability to collect those rents going forward.
Paul Adornato - BMO Capital Markets
Okay. And what businesses are they involved in?
Doug Donatelli
I mean it’s a mixture. We’ve got tenants that are specifically in a service related industry. None of its government related or contracts specific to government work. It’s, as we said before, concentrated in more some of the Baltimore properties we have, which is the service part of it.
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