Commitments and Contingencies

9 Months Ended

Sep. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Ground Lease Obligations

The Company acquired a property on January 16, 2014 that is subject to a ground lease with an expiration date of December 31, 2095. The Company incurred rent expense of approximately $0.3 million for the nine months ended September 30, 2016 and 2015, related to the ground lease. As of September 30, 2016, the remaining required payments under the terms of the ground lease are as follows:



	September 30, 2016
Remaining 2016	$	45
2017	198
2018	198
2019	198
2020	198
Thereafter	34,048
Total	$	34,885

Litigation

From time to time, the Company may become subject to legal proceedings, claims and litigation arising in the ordinary course of business. The Company is not a party to any material legal proceedings, nor is the Company aware of any pending or threatened litigation that would have a material adverse effect on the Company’s business, operating results, cash flows or financial condition should such litigation be resolved unfavorably.