Commitments and Contingencies

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies

Commitments and Contingencies

14.  Commitments and Contingencies

We and the Operating Partnership are not presently involved in any material litigation nor, to our knowledge, is any material litigation threatened against us or our properties, other than routine litigation arising in the ordinary course of business.  Management believes the costs, if any, incurred by us related to this litigation will not materially affect our financial position, operating results or liquidity.

The following is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of June 30, 2012 (amounts in thousands):

June 30,	Capital lease			Non-cancellable operating leases
2012	$	777		$	16,820
2013	1,555			33,641
2014	1,555			33,641
2015	1,593			33,641
2016	1,707			33,745
Thereafter	42,351			630,503
Total minimum lease payments	49,538			$	781,991
Less amount representing interest	(32,390		)
Present value of net minimum lease payments	$	17,148