Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Summary of material commitments

The following table summarizes the Company’s material commitments, excluding debt service obligations (see Note 10) and operating leases (see Note 6), at December 31, 2018 (in thousands):

	Total		2019		2020-2021		2022-2023		More than Five Years
Construction loan commitments(1)	$	72,654	$	68,365	$	4,289	$	—	$	—
Development commitments(2)	299,702		273,625		26,077		—		—
Total	$	372,356	$	341,990	$	30,366	$	—	$	—

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(1) Represents commitments to finance development projects.

(2) Represents construction and other commitments for developments in progress.