Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

The following table presents future minimum base rent payments due to the Company over the next five years and thereafter. 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)
July 1, 2016 - December 31, 2016	$	567,227	$	2,119
2017	1,144,030		3,932
2018	1,119,467		3,016
2019	1,079,266		2,397
2020	1,040,706		2,023
Thereafter	7,743,616		5,893
Total	$	12,694,312	$	19,380

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(1) 34 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		Office Leases
July 1, 2016 - December 31, 2016	$	7,145	$	2,482
2017	14,820		4,602
2018	14,410		4,704
2019	14,139		4,769
2020	13,386		4,798
Thereafter	224,648		14,089
Total	$	288,548	$	35,444