Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lessee, Operating Lease, Liability, Maturity

The following table details the maturity analysis of the Partnership's operating lease liability and reconciles the undiscounted cash flows to the operating lease liability included on its Consolidated Balance Sheet:

Remaining Annual Lease Payments (In thousands)	As of September 30, 2020
2020	$	121
2021	483
2022	483
2023	483
2024	483
After 2024	11,597
Total lease payments (1)	$	13,650
Less: present value adjustment (2)	(10,150)
Total operating lease liability	$	3,500

(1)The remaining lease term of the Partnership's operating lease is 28.25 years.

(2)The present value of the operating lease liability on the Partnership's Consolidated Balance Sheets was calculated using a 13.5% discount rate which represents the Partnership's estimated incremental borrowing rate under the lease. As the Partnership's lease does not provide an implicit rate, the Partnership estimated the incremental borrowing rate at the time the lease was entered into by utilizing the rate of the Partnership's secured debt and adjusting it for factors that reflect the profile of borrowing over the 30-year expected lease term.