Commitments and Contingencies

3 Months Ended

Mar. 31, 2013

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 lease and non-cancellable operating leases with initial terms in excess of one year as of March 31, 2013 (in thousands):

	Capital leases			Non-cancellable operating leases
2013 (9 months)	$	1,589		$	26,484
2014	2,268			35,412
2015	2,339			35,568
2016	2,480			35,985
2017	2,630			36,231
Thereafter	353,908			1,188,068
Total minimum lease payments	365,214			$	1,357,748
Less amount representing interest	(321,810		)
Present value of net minimum lease payments	$	43,404