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LEASES | 12 Months Ended
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Dec. 31, 2018
Leases [Abstract] |
LEASES | LEASES As Lessor We lease space to tenants under operating leases which expire from 2019 to 2072. The leases provide for the payment of fixed base rents payable monthly in advance as well as reimbursements of real estate taxes, insurance and maintenance costs. Retail leases may also provide for the payment by the lessee of additional rents based on a percentage of their sales. Future base rental revenue under these non-cancelable operating leases is as follows:
(Amounts in thousands) |  |
Year Ending December 31, |  |
2019 |  | $ | 256,598 |
2020 |  | 235,652 |
2021 |  | 216,247 |
2022 |  | 198,449 |
2023 |  | 176,282 |
Thereafter |  | 986,865 |
These future minimum amounts do not include additional rents based on a percentage of tenants’ sales and tenant expense reimbursements. For the years ended December 31, 2018, 2017 and 2016, rental revenue from percentage rent was $2.0 million, $1.2 million, and $0.8 million, respectively. For the years ended December 31, 2018, 2017 and 2016, rental revenue from tenant expense reimbursements was $108.7 million, $99.1 million, and $84.9 million, respectively. As Lessee We are a tenant under long-term ground leases or ground and building leases for certain of our properties. We are also a tenant under leases pertaining to office space from which we conduct our business. Lease expirations range from 2019 to 2061. Future lease payments under these agreements are as follows:
(Amounts in thousands) |  |
Year Ending December 31, |  |
2019 |  | $ | 10,640 |
2020 |  | 9,614 |
2021 |  | 8,957 |
2022 |  | 8,982 |
2023 |  | 8,850 |
Thereafter |  | 85,535 |

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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