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Lease Incentives (Tables)
6 Months Ended
Jun. 30, 2018
Lease Incentives  
Summary of lease incentives by component

The following summarizes lease incentives by component as of June 30, 2018 and December 31, 2017, (in thousands):

 

 

 

 

 

 

 

 

 

 

At June 30, 2018

 

 

At December 31, 2017

Non-contingent lease incentives

 

$

15,069

 

$

14,904

Contingent lease incentives

 

 

6,338

 

 

6,577

Total

 

$

21,407

 

$

21,481

 

Summary of lease incentive activity

The following table summarizes our lease incentive activity for the six months ended June 30, 2018 and 2017(in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

 

 

 

2018

 

2017

 

 

 

Funding

 

 

Amortization

 

 

Funding

 

 

Amortization

 

 

Write off

 

Non-contingent lease incentives

$

1,017

 

$

(852)

 

$

5,172

 

$

(777)

 

$

(1,205)

(1)

Contingent lease incentives

 

 —

 

 

(239)

 

 

 —

 

 

(334)

 

 

 —

 

Total

$

1,017

 

$

(1,091)

 

$

5,172

 

$

(1,111)

 

$

(1,205)

 


(1)

Represents the write-off of lease incentives related to two properties due to negotiations to transition these properties to another operator in our portfolio that never materialized.