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COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]    
Operating Leases Future Payments

In connection with the Partnership’s 2014 lease and management agreements with the Archdiocese of Philadelphia, it has committed to pay aggregate fixed rent of $36.0 million in the following amounts:

 

Lease Years 1-5 (May 28, 2014-May 31, 2019)

 

None

Lease Years 6-20 (June 1, 2019-May 31, 2034)

 

$1,000,000 per Lease Year

Lease Years 21-25 (June 1, 2034-May 31, 2039)

 

$1,200,000 per Lease Year

Lease Years 26-35 (June 1, 2039-May 31, 2049)

 

$1,500,000 per Lease Year

Lease Years 36-60 (June 1, 2049-May 31, 2074)

 

None

 

The aggregate amount of remaining future minimum lease payments as of December 31, 2018 is as follows (in thousands):

 

 

 

Operating

 

 

Capital

 

2019

 

$

4,349

 

 

$

1,499

 

2020

 

 

2,765

 

 

 

1,196

 

2021

 

 

2,130

 

 

 

949

 

2022

 

 

1,539

 

 

 

558

 

2023

 

 

1,184

 

 

 

89

 

Thereafter

 

 

5,737

 

 

 

 

Total

 

$

17,704

 

 

$

4,291

 

Less: Interest on capital leases

 

 

 

 

 

 

(875

)

Total principal payable on capital leases

 

 

 

 

 

$

3,416

 

 

In connection with the Partnership’s 2014 lease and management agreements with the Archdiocese of Philadelphia, it has committed to pay aggregate fixed rent of $36.0 million in the following amounts:

 

Lease Years 1-5 (May 28, 2014-May 31, 2019)

 

None

Lease Years 6-20 (June 1, 2019-May 31, 2034)

 

$1,000,000 per Lease Year

Lease Years 21-25 (June 1, 2034-May 31, 2039)

 

$1,200,000 per Lease Year

Lease Years 26-35 (June 1, 2039-May 31, 2049)

 

$1,500,000 per Lease Year

Lease Years 36-60 (June 1, 2049-May 31, 2074)

 

None