Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule Of Future Minimum Rental Payments Receivable For Operating Leases [Table Text Block] The aggregate annual minimum cash to be received by the Company on the noncancelable operating leases-related to its portfolio as of March 31, 2019 is as follows for the subsequent years ended December 31:
 
2019 (nine months remaining)
 
$
39,378
 
2020
 
 
53,430
 
2021
 
 
51,951
 
2022
 
 
50,927
 
2023
 
 
49,785
 
Thereafter
 
 
346,029
 
Total
 
$
591,500
 
 
The Company’s real estate assets are leased to tenants under operating leases. The minimum rental amounts under the leases were generally subject to scheduled fixed increases. The aggregate annual minimum cash to be received by the Company on its noncancelable operating leases as of December 31, 2018 were as follows:
 
2019
 
$
50,527
 
2020
 
 
51,450
 
2021
 
 
49,926
 
2022
 
 
48,862
 
2023
 
 
47,743
 
Thereafter
 
 
330,180
 
Total
 
$
578,688
 
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
The following table sets forth the undiscounted cash flows of our scheduled obligations for future minimum payments on operating ground leases at March 31, 2019 and a reconciliation of those cash flows to the operating lease liability at March 31, 2019:
 
2019 (nine months remaining)
 
$
83
 
2020
 
 
116
 
2021
 
 
116
 
2022
 
 
116
 
2023
 
 
120
 
2024
 
 
4,473
 
Thereafter
 
 
5,024
 
Discount
 
 
(2,657
)
Lease liability
 
$
2,367
 
 
 
The aggregate minimum cash payments to be made by the Company on these land leases as of December 31, 2018, were as follows:
 
2019
 
$
109
 
2020
 
 
109
 
2021
 
 
109
 
2022
 
 
109
 
2023
 
 
113
 
Thereafter
 
 
2,121
 
Total
 
$
2,670