Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Future Minimum Lease Payments Under Current Leases

The following table details the future minimum lease payments under the Company's current leases (dollars in thousands):

	Payments due by period
	2017		2018		2019		2020		2021		Thereafter
Operating Lease Obligations	$	22,818	$	23,348	$	23,449	$	21,245	$	19,776	$	1,203,957
Capital Lease Obligations (1) (2)	18,874		1,073		1,075		1,077		1,080		45,058
	$	41,692	$	24,421	$	24,524	$	22,322	$	20,856	$	1,249,015

_________________________________

(1) Aggregate capital lease payments include $27,374 in interest costs, with the timing of certain lease payments for capital land leases determined by completion of the construction of the associated apartment community.

(2) Capital lease assets of $39,015 and $39,019 as of December 31, 2016 and 2015, respectively, are included as a component of land and improvements or building and improvements on the accompanying Consolidated Balance Sheets.