Operating Leases

12 Months Ended

Dec. 31, 2017

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 2018 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, 2017, 2016, and 2015 total operating lease payments for office space and rent due under ground leases, aggregated $3.9 million, $3.9 million and $3.8 million, respectively. The following table summarizes our minimum future rental payments under our operating leases as of December 31, 2017 (amounts in thousands):

	Total		2018		2019		2020		2021		2022		Thereafter
Office Rent Lease	$	8,354	$	2,221	$	2,062	$	2,011	$	1,711	$	200	$	149
Ground Lease	15,655		2,022		2,028		2,030		2,033		1,533		6,009
Total Operating Leases	$	24,009	$	4,243	$	4,090	$	4,041	$	3,744	$	1,733	$	6,158