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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Lease Payments

The minimum commitment under these leases, excluding the fully prepaid ground leases, as of December 31, 2016 was as follows (in thousands):



2017	$	70,079
2018	73,474
2019	78,578
2020	81,403
2021	81,803
Thereafter	665,803
Total	$	1,051,140

Schedule of Future Minimum Lease Payments for Capital Leases

Future minimum lease payments and their present value for property under capital leases as of December 31, 2016 , are as follows:



2017	$	10,263
2018	10,268
2019	11,909
2020	12,004
2021	12,099
Thereafter	196,299
	252,842
Less amount representing interest	(90,658		)
Present value	$	162,184

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details