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Lease Accounting (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Minimum Future Base Rents from Non-Cancelable Leases

Minimum future lease revenue from base rents from non-cancelable leases related to properties included in our financial statements on a consolidated basis, excluding increases from changes in the consumer price index, bonus rents and the impact of straight line rent adjustments, are as follows (amounts in thousands):

 

March 31, 2019

 

 

December 31, 2018

 

 

 

 

 

 

 

 

 

Year ending,

 

 

 

 

 

 

 

2019

$

43,744

 

 

$

56,494

 

2020

 

52,546

 

 

 

50,291

 

2021

 

47,343

 

 

 

45,357

 

2022

 

31,678

 

 

 

30,089

 

2023

 

26,326

 

 

 

24,972

 

Thereafter

 

68,766

 

 

 

67,288

 

Total minimum base rents

$

270,403

 

 

$

274,491

 

Components of Lease Expenses Payments

The components of lease expenses payments were as follows (in thousands):

 

Three months ended March 31,

 

 

2019

 

 

 

 

 

Operating lease cost

$

118

 

Total lease cost

$

118

 

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows (in thousands):

 

March 31,

 

 

2019

 

 

 

 

 

Operating Leases

 

 

 

Right-of-use land assets-operating leases

$

8,848

 

 

 

 

 

Total lease liabilities

$

8,848

 

 

 

 

 

Weighted Average remaining lease term, years

 

 

 

Operating leases

 

59.0

 

 

 

 

 

Weighted Average discount rate

 

 

 

Operating leases

 

5.07

%

 

Schedule of Maturities of lease liabilities Maturities of lease liabilities were as follows (in thousands):

 

March 31, 2019

 

December 31, 2018

 

 

 

 

 

 

 

 

Year ending,

 

 

 

 

 

 

2019

$

356

 

$

474

 

2020

475

 

474

 

2021

475

 

474

 

2022

475

 

474

 

2023

475

 

474

 

Later years

 

25,640

 

 

25,582

 

Total undiscounted lease payments

$

27,896

 

$

27,952

 

less imputed interest

 

19,048

 

 

 

 

Total

$

8,848