Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Future Minimum Lease Payments Under Current Leases

The following table details the future minimum lease payments under the Company's current leases (dollars in thousands):

	Payments due by period
	2016		2017		2018		2019		2020		Thereafter
Operating Lease Obligations	$	21,056	$	20,629	$	20,807	$	20,894	$	18,675	$	1,143,535
Capital Lease Obligations (1) (2)	2,098		18,866		1,065		1,067		1,069		45,620
	$	23,154	$	39,495	$	21,872	$	21,961	$	19,744	$	1,189,155

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(1) Aggregate capital lease payments include $29,069 in interest costs, with the timing of certain lease payments for capital land leases determined by completion of the construction of the associated apartment community.

(2) Capital lease assets of $39,019 and $31,784 as of December 31, 2015 and 2014, respectively, are included as a component of land and improvements or building and improvements on the accompanying Consolidated Balance Sheets.