Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Operating Lease, Liability, Maturity

The following table reflects the base cash rental payments due from the Company as of March 31, 2020:

	Future Base Rent Payments
(In thousands)	Operating Leases			Direct Financing Leases (1)
2020 (remainder)	$	489		$	61
2021	663			84
2022	682			86
2023	684			88
2024	686			90
Thereafter	29,381			7,500
Total minimum lease payments	32,585			7,909
Less: amounts representing interest	(23,446		)	(3,075		)
Total present value of minimum lease payments	$	9,139		$	4,834

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⁽¹⁾ The Direct Finance Lease liability is included in Accounts Payable and accrued expenses on the balance sheet as of March 31, 2020. The Direct Financing lease asset is included as part of building and improvements as the land component was not required to be bifurcated under ASU 840.

Finance Lease, Liability, Maturity

The following table reflects the base cash rental payments due from the Company as of March 31, 2020:

	Future Base Rent Payments
(In thousands)	Operating Leases			Direct Financing Leases (1)
2020 (remainder)	$	489		$	61
2021	663			84
2022	682			86
2023	684			88
2024	686			90
Thereafter	29,381			7,500
Total minimum lease payments	32,585			7,909
Less: amounts representing interest	(23,446		)	(3,075		)
Total present value of minimum lease payments	$	9,139		$	4,834

_______

⁽¹⁾ The Direct Finance Lease liability is included in Accounts Payable and accrued expenses on the balance sheet as of March 31, 2020. The Direct Financing lease asset is included as part of building and improvements as the land component was not required to be bifurcated under ASU 840.