Lease Accounting (Tables)

9 Months Ended

Sep. 30, 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):

	September 30, 2019			December 31, 2018
Year ending,
2019	$	14,292	(a.)	$	56,494
2020		54,746			50,291
2021		48,989			45,357
2022		33,701			30,089
2023		27,578			24,972
Thereafter		73,525			67,288
Total minimum base rents	$	252,831		$	274,491

(a.)  Represents the remaining three months of 2019.

Components of Lease Expense Payments

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

	Three months ended September 30,		Nine months ended September 30,
	2019		2019
Operating lease cost	$	120	$	360
Total lease cost	$	120	$	360

Schedule of Supplemental Balance Sheet Information Related to Leases

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

	September 30,
	2019
Operating Leases
Right-of-use land assets-operating leases	$	8,951
Total lease liabilities	$	8,951
Weighted Average remaining lease term, years
Operating leases		58.6
Weighted Average discount rate
Operating leases		5.07	%

Schedule of Maturities of lease liabilities

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

	September 30, 2019			December 31, 2018
Year ending,
2019	$	120	(a.)	$	474
2020	480			474
2021	480			474
2022	480			474
2023	480			474
Later years		25,921			25,582
Total undiscounted lease payments	$	27,961		$	27,952
Less imputed interest		19,010
Total	$	8,951

(a.)  Represents the remaining three months of 2019.