Commitments and Contingencies

9 Months Ended

Sep. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Legal Proceedings

As of September 30, 2016, the Company and the Operating Partnership were not involved in any material litigation nor, to management's knowledge, was any material litigation threatened against us or our portfolio which if adversely determined could have a material adverse impact on us.

Environmental Matters

The Company believes that its properties are in compliance in all material respects with applicable Federal, state and local ordinances and regulations regarding environmental issues. Management is not aware of any environmental liability that it believes would have a materially adverse impact on our financial position, results of operations or cash flows. Management is unaware of any instances in which it would incur significant environmental cost if any of our properties were sold.

Capital and Ground Leases Arrangements

The following is a schedule of future minimum lease payments under capital leases and non-cancellable operating leases with initial terms in excess of one year as of September 30, 2016 (in thousands):



	Capital lease			Non-cancellable operating leases
Remaining 2016	$	585		$	7,835
2017	2,387			31,374
2018	2,387			31,455
2019	2,411			31,716
2020	2,620			32,086
Thereafter	825,483			983,213
Total minimum lease payments	$	835,873		$	1,117,679
Amount representing interest	(793,922		)
Capital lease obligations	$	41,951