Future Minimum Lease Rental Payments (Tables)

6 Months Ended

Jun. 30, 2016

Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]

Future Minimum Ground Lease Payments

The table below presents (in thousands) the future minimum ground lease payments as of June 30, 2016:

Twelve months ending June 30:
2017	$	733
2018	733
2019	733
2020	733
2021	733
Thereafter	48,010
Total future minimum lease payments(1)	$	51,675

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(1) Lease term ends on December 31, 2086. Ground rent is fixed at $733 thousand per year until February 28, 2019, and will then be reset to the greater of the existing ground rent or market. The table above assumes that the rental payments will continue to be $733 thousand per year after February 28, 2019.