XML 44 R18.htm IDEA: XBRL DOCUMENT v3.3.1.900
Operating Leases
12 Months Ended
Dec. 31, 2015
Leases, Operating [Abstract]  
Operating Leases
Operating Leases
We have operating leases covering our office space expiring at various dates through 2023. As leases expire, it can be expected that certain leases will be renewed or replaced in the normal course of business. We also lease land under non-cancelable operating leases at certain of the Properties expiring in various years from 2017 to 2054. The majority of the lease terms require twelve equal payments per year plus additional rents calculated as a percentage of gross revenues. For the years ended December 31, 2015, 2014, and 2013 total operating lease payments for office space and rent due under ground leases, aggregated $3.8 million, $3.7 million, and $5.1 million, respectively. The following table summarizes our minimum future rental payments under our operating leases as of December 31, 2015 (amounts in thousands): 

 
 
Total
 
2016
 
2017
 
2018
 
2019
 
2020
 
Thereafter
Office Rent Lease
 
$
12,622

 
$
2,097

 
$
2,171

 
$
2,221

 
$
2,062

 
$
2,011

 
$
2,060

Ground Lease
 
18,911

 
1,967

 
1,970

 
1,964

 
1,968

 
1,968

 
9,074

Total Operating Leases
 
$
31,533

 
$
4,064

 
$
4,141

 
$
4,185

 
$
4,030

 
$
3,979

 
$
11,134