Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items (in thousands):

	Future Minimum Operating Lease Base Rent Payments		Future Minimum Direct Financing Lease Payments (1)
October 1, 2015 - December 31, 2015	$	289,399	$	1,166
2016	1,225,267		4,674
2017	1,194,341		4,273
2018	1,158,149		3,183
2019	1,117,327		2,397
Thereafter	9,744,736		7,916
Total	$	14,729,219	$	23,609

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(1) 37 properties are subject to direct financing leases and, therefore, revenue is recognized as direct financing lease income on the discounted cash flows of the lease payments. Amounts reflected are the minimum base rental cash payments due to the Company under the lease agreements on these respective properties.

The following table reflects the minimum base rent payments due from the Company over the next five years and thereafter for certain ground lease obligations, which are substantially reimbursable by our tenants, and office lease obligations (in thousands):

	Future Minimum Base Rent Payments
	Ground Leases		Offices Leases
October 1, 2015 - December 31, 2015	$	4,845	$	1,292
2016	18,518		5,010
2017	17,947		4,585
2018	15,785		4,703
2019	15,383		4,769
Thereafter	251,217		18,558
Total	$	323,695	$	38,917