Future Minimum Rent

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Future Minimum Rent

Future Minimum Rent

We have operating leases with tenants that expire at various dates through 2043 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, 2019 for future periods is summarized as follows:

Year Ending	(in thousands)
2020	$	675,636
2021	728,736
2022	785,239
2023	769,294
2024	727,399
Thereafter	4,054,487
Total (1)	$	7,740,791

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

Future contractual minimum rent under operating leases as of December 31, 2018 for future periods is summarized as follows:

Year Ending	(in thousands)
2019	$	566,783
2020	632,875
2021	631,835
2022	620,684
2023	586,371
Thereafter	3,240,143
Total (1)	$	6,278,691

______________

(1)

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