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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2017
Revenue Recognition  
Summary of rental income recognized

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rental income recognized

 

 

For the three months ended

 

For the nine months ended

 

 

September 30,

 

September 30,

(in thousands)

    

2017

    

2016

    

2017

    

 

2016

Leases in effect at the beginning of the year

 

$

3,187

 

$

3,098

 

$

9,348

 

$

9,760

Leases entered into during the year(1)

 

 

7,920

 

 

3,066

 

 

19,033

 

 

6,702

 

 

$

11,107

 

$

6,164

 

$

28,381

 

$

16,462


(1)

Includes all leases resulting from acquisitions completed during the period including those leases acquired as a result of the AFCO mergers.

Schedule of future minimum lease payments from tenants under all non-cancelable leases in place

 

 

 

 

 

(in thousands)

    

Future rental

 

Year Ending December 31,

 

payments

 

2017 (remaining three months)

 

$

9,456

 

2018

 

 

26,559

 

2019

 

 

19,704

 

2020

 

 

7,548

 

2021

 

 

3,263

 

Thereafter

 

 

4,122

 

 

 

$

70,652