Commitments and Contingencies

6 Months Ended

Jun. 30, 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 leases and non-cancellable operating leases with initial terms in excess of one year as of June 30, 2013 (in thousands):

	Capital leases			Non-cancellable operating leases
2013 (6 months)	$	1,110		$	17,801
2014	2,293			35,655
2015	2,364			35,810
2016	2,543			36,251
2017	2,653			36,474
Thereafter	356,544			1,188,301
Total minimum lease payments	367,507			$	1,350,292
Less amount representing interest	(320,267		)
Present value of net minimum lease payments	$	47,240