Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2017

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)
April 1, 2017 - December 31, 2017	$	812,431	$	2,599
2018	1,086,126		3,016
2019	1,049,422		2,397
2020	1,013,348		2,023
2021	971,437		1,899
Thereafter	6,300,003		3,993
Total	$	11,232,767	$	15,927

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(1) 29 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
April 1, 2017 - December 31, 2017	$	10,575	$	3,283
2018	13,832		4,298
2019	13,789		4,359
2020	13,317		4,381
2021	12,738		4,367
Thereafter	211,630		8,415
Total	$	275,881	$	29,103