Commitments and Contingencies

3 Months Ended

Mar. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Legal Proceedings

As of March 31, 2018, 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

Our management believes that the 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 March 31, 2018 (in thousands):



	Capital lease			Non-cancellable operating leases
Remaining 2018	$	1,790		$	23,286
2019	2,411			31,066
2020	2,620			31,437
2021	2,794			31,628
2022	2,794			29,472
2023	2,794			27,166
Thereafter	817,100			676,088
Total minimum lease payments	$	832,303		$	850,143
Amount representing interest	(789,274		)
Capital lease obligations	$	43,029