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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2017

COMMITMENTS AND CONTINGENCIES

Schedule of future minimum rental payments under non-cancelable ground leases

		Ground Lease
		Amount
		(in thousands)
2018		$	2,500
2019			2,670
2020			2,743
2021			2,812
2022			2,971
2023 and thereafter			119,343
		$	133,039

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year.

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