Leases (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of operating lease payments to be received

As of March 31, 2020, the following table sets forth the undiscounted cash flows for future minimum base rents due under operating leases for the nine months ended December 31, 2020 and for each of the next four years ending December 31 and thereafter for the properties that we wholly own:



Year	Amount
2020	$	47,455,000
2021	62,215,000
2022	59,332,000
2023	54,702,000
2024	49,239,000
Thereafter	305,422,000
Total	$	578,365,000

Schedule of lease cost

Additional information related to our operating leases for the periods presented below was as follows:



	March 31, 2020			December 31, 2019
Right-of-use assets obtained in exchange for new operating lease liabilities	$	—		$	4,489,000
Weighted average remaining lease term (in years)	80.2			80.4
Weighted average discount rate	5.74		%	5.74		%



	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash outflows related to operating leases	$	104,000	$	51,000

Schedule of operating lease liability

As of March 31, 2020, the following table sets forth the undiscounted cash flows of our scheduled obligations for future minimum payments for the nine months ended December 31, 2020 and for each of the next four years ending December 31 and thereafter, as well as the reconciliation of those cash flows to operating lease liabilities on our accompanying condensed consolidated balance sheet:



Year	Amount
2020	$	415,000
2021	523,000
2022	526,000
2023	530,000
2024	534,000
Thereafter	47,103,000
Total operating lease payments	49,631,000
Less: interest	39,736,000
Present value of operating lease liabilities	$	9,895,000