Operating Leases

12 Months Ended

Dec. 31, 2016

The Company’s commercial tenant leases generally range from five to 20 years, but certain leases with anchor tenants may be longer. The Company’s commercial tenant leases provide for minimum rental payments during each of the next five years and thereafter as follows (in thousands):



2017	$	70,235
2018	65,384
2019	57,751
2020	47,217
2021	40,783
Thereafter	206,378
Total	$	487,748

Lease terms on multifamily apartment units generally range from seven to 15 months, with a majority having 12-month lease terms. Apartment leases are not included in the preceding table as the remaining terms as of December 31, 2016 are generally less than one year.