Ground and Air Rights Leases (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Future Minimum Lease Payments to be Received Under Non-Cancellable Operating Leases

The following are future minimum lease payments to be received under non-cancellable operating leases for the next five years and thereafter, as of December 31, 2016 (in thousands):

2017	$	120,086
2018		112,757
2019		103,959
2020		96,167
2021		91,606
Thereafter		437,557
	$	962,132

Ground and Air Rights Leases

Schedule of Future Minimum Lease Payments to be Received Under Non-Cancellable Operating Leases

The following is a schedule of future minimum lease payments to be paid under the ground and air rights leases for each of the next five years and thereafter, in the aggregate, as of December 31, 2016 (in thousands):

2017	$	1,984
2018		2,016
2019		2,039
2020		2,061
2021		2,092
Thereafter		111,467
	$	121,659