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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of construction activity
The table below details the Company’s construction activity as of December 31, 2017. The information included in the table below represents management’s estimates and expectations at December 31, 2017, which are subject to change. The Company’s disclosures regarding certain projections or estimates of completion dates may not reflect actual results.
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
(Dollars in thousands)
 
Number of Properties
 
Estimated Completion Date
 
Construction in Progress Balance

 
Total Funded During the Year

 
Total Amount Funded

 
Estimated Remaining Fundings (unaudited)

 
Estimated Total Investment (unaudited)

 
Approximate Square Feet (unaudited)

Construction Activity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charlotte, NC
 
1
 
Q1 2019
 
$
3,487

 
$
3,264

 
$
3,487

 
8,513

 
$
12,000

 
204,000

Seattle, WA
 
1
 
Q2 2019
 
1,971

 
1,809

 
2,272

 
61,848

 
64,120

 
151,000

Total
 
 
 
 
 
$
5,458

 
$
5,073

 
$
5,759

 
$
70,361

 
$
76,120

 
355,000

Minimum lease payments for its operating leases
The Company’s future minimum lease payments for its corporate office lease and 61 ground leases, excluding leases that the Company has prepaid and leases in which an operator pays or fully reimburses the Company, as of December 31, 2017 were as follows (in thousands):  
2018
$
5,341

2019
5,420

2020
5,459

2021
5,488

2022
5,516

2023 and thereafter
283,056

 
$
310,280