Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

The table below details the Company’s construction activity as of December 31, 2015. The information included in the table below represents management’s estimates and expectations at December 31, 2015, which are subject to change. The Company’s disclosures regarding certain projections or estimates of completion dates may not reflect actual results.



			December 31, 2015
(Dollars in thousands)	Number of Properties	Estimated Completion Date	Construction in Progress Fundings During the Twelve Months Ended		Total Funded During the Twelve Months Ended		Total Amount Funded		Estimated Remaining Fundings (unaudited)		Estimated Total Investment (unaudited)		Approximate Square Feet
Construction Activity
Birmingham, AL	1	Q4 2015 ⁽¹⁾	$	—	$	6,880	$	6,880	$	8,520	$	15,400	138,000
Austin, TX	1	Q2 2016	3,316		3,316		3,316		2,259		5,575		12,900
Nashville, TN	2	Q1 2017	15,479		17,434		21,818		29,982		51,800		294,000
Denver, CO	1	Q2 2017	229		229		229		26,271		26,500		98,000
Total			$	19,024	$	27,859	$	32,243	$	67,032	$	99,275	542,900

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(1) Includes $5.9 million for the addition of a 400-space parking garage which was completed in November 2015 and $9.5 million in tenant improvement allowances and commissions, a portion of which has not been completed.

Minimum lease payments for its operating leases

The Company’s future minimum lease payments for its operating leases, excluding leases that the Company has prepaid and leases in which an operator pays or fully reimburses the Company, as of December 31, 2015 were as follows (in thousands):



2016	$	5,160
2017	5,225
2018	5,303
2019	5,399
2020	5,310
2021 and thereafter	289,686
	$	316,083