Future Minimum Rent

12 Months Ended

Dec. 31, 2016

We have operating leases with tenants that expire at various dates through 2035 and are either subject to scheduled fixed increases or adjustments in rent based on the Consumer Price Index. Generally, the leases grant tenants renewal options. Leases also provide for additional rents based on certain operating expenses. Future contractual minimum rent under operating leases as of December 31, 2016 for future periods is summarized as follows:



Year Ending	(in thousands)
2017	$	538,269
2018	537,891
2019	493,998
2020	424,791
2021	370,941
Thereafter	1,901,303
Total ⁽¹⁾	$	4,267,193

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(1)	Excludes residential leases and leases with a term of one year or less.