Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Future Minimum Lease Payments

Future minimum lease payments and their present value for properties under finance leases as of December 31, 2019, are as follows: 

	(In thousands)
Year ending December 31,
2020	$	5,800
2021	5,800
2022	5,810
2023	60,013
2024	1,013
Thereafter	81,849
	160,285
Less amount representing interest	(88,808		)
Add straight line lease obligation	585
Present value	$	72,062

Minimum annual payments

We are obligated under operating lease agreements on several shopping centers requiring minimum annual payments as follows, as of December 31, 2019:

	(In thousands)
Year ending December 31,
2020	$	4,824
2021	4,832
2022	4,948
2023	4,988
2024	4,951
Thereafter	179,896
	$	204,439