Operating Leases

Most of the Company’s rental properties are leased under operating leases with expiration dates ranging from 1 to 34 years. Future minimum rentals on non-cancelable tenant operating leases at December 31, 2014 are as follows (in thousands):



	Amount
Year:
2015	$	296,814
2016	290,130
2017	277,997
2018	256,148
2019	231,262
Thereafter	1,788,995
Total	$	3,141,346

The Company leases its executive office from an unrelated landlord. Rental expense totaled approximately $521 thousand, $435 thousand and $467 thousand for the years ended December 31, 2014, 2013 and 2012, respectively, and is included as a component of general and administrative expense in the accompanying consolidated statements of income. Future minimum lease payments under this lease at December 31, 2014 are as follows (in thousands):



	Amount
Year:
2015	$	544
2016	441
2017	—
2018	—
2019	—
Thereafter	—
Total	$	985