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Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2021
Commitments and Contingencies.  
Schedule of contractual obligations and commercial commitments

The following table illustrates our contractual obligations and commercial commitments by due date as of June 30, 2021:

 

 

 

 

 

 

Less than 1

 

 

 

 

 

 

 

 

More than

 

(dollars in thousands)

 

Total

 

 

year

 

 

1-3 years

 

 

3-5 years

 

 

5 years

 

Construction holdbacks (1)

 

 

412,751

 

 

 

292,787

 

 

 

119,964

 

 

 

—

 

 

 

—

 

Operating lease obligations

 

$

11,327

 

 

$

926

 

 

$

1,852

 

 

$

2,048

 

 

$

6,501

 

Total

 

$

424,078

 

 

$

293,713

 

 

$

121,816

 

 

$

2,048

 

 

$

6,501

 

 

 

(1)
Includes construction holdbacks of $34.7 million on participating interests sold to the Private REIT as of June 30, 2021. The funding timing and amounts of construction holdbacks are uncertain as these commitments relate to loans for construction costs and depend on the progress and performance of the underlying projects.