15.

Leases

We lease office, retail and storage space to tenants under operating leases. These leases provide for the payment of fixed minimum rents over the terms of the respective lease and generally require tenants to reimburse us for operating costs and real estate taxes above their base year costs.

The following is a schedule of future minimum rents under non-cancelable operating leases as of December 31, 2016.

(Amounts in thousands)	The Company
2017	$	552,573
2018		564,545
2019		551,392
2020		522,219
2021		457,868
Thereafter		2,758,892
Total	$	5,407,489