Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Operating Lease ROU Assets

Operating lease ROU assets are in the Company’s consolidated balance sheet as follows (in thousands):

	Classification	March 31, 2019
Operating Lease ROU Assets	Other Assets, Net	$	21,962
Operating Lease Liabilities	Accounts Payable and Other Liabilities	$	40,303

Schedule of Operating Lease Expenses

Operating lease expenses are included in Operating and Maintenance Expense for the Company’s ground leases and General and Administrative for its office leases as follows:

Classification	Three Months Ended March 31, 2019
Operating and Maintenance	$	1,018
General and Administrative(A)		712
Total lease costs	$	1,730

(A) Includes short-term leases and variable lease costs, which are immaterial.

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	March 31, 2019
Weighted Average Remaining Lease Term	36.2 years
Weighted Average Discount Rate		7.33	%
Cash paid for amounts included in the measurement —    operating cash flows from lease liabilities (in thousands)	$	669

Schedule of Future Minimum Rental Revenues from Rental Properties and Minimum Rental Payments under ASC 840

As determined under FASB Accounting Standards Codification (“ASC”) 840, Leases, the scheduled future minimum rental revenues from rental properties under the terms of all non-cancelable tenant leases, assuming no new or renegotiated leases or option extensions for such premises and the scheduled minimum rental payments under the terms of all non-cancelable operating leases, principally ground leases, in which the Company is the lessee as of December 31, 2018, are as follows (in thousands):

Year	Minimum Rental Revenues		Minimum Rental Payments
2019	$	306,740	$	3,253
2020		279,374		4,070
2021		243,379		4,080
2022		202,371		3,928
2023		150,909		3,417
Thereafter		417,296		120,825
	$	1,600,069	$	139,573

Schedule of Maturities of Lease Liabilities

As determined under Topic 842, maturities of lease liabilities were as follows for the years ended March 31, (in thousands):

Year	March 31,
2020	$	3,601
2021		4,072
2022		4,083
2023		3,744
2024		3,440
Thereafter		119,953
Total lease payments		138,893
Less imputed interest		(98,590	)
Total	$	40,303

Schedule of Future Minimum Rental Income from Rental Properties under Terms of Non-Cancelable Tenant Leases

The scheduled future minimum rental income from rental properties under the terms of all non-cancelable tenant leases, assuming no new or renegotiated leases or option extensions as determined under Topic 842 for such premises for the years ending March 31, were as follows (in thousands):

Year Ending	March 31,
2020	$	309,546
2021		280,371
2022		242,764
2023		197,093
2024		146,434
Thereafter		425,980
Total	$	1,602,188