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Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating, Finance, and Capital Lease Arrangements

The following table reflects the Company's operating, finance, and capital lease arrangements:

	As of
	March 31, 2019				December 31, 2018
Operating lease ROU assets (a)	$	2,890			$	—
Operating lease ROU accumulated amortization (a)	$	(137	)		$	—
Operating lease liabilities (b)	$	2,978			$	—
Finance lease ROU assets (c)	$	2,097			$	—
Finance lease ROU accumulated amortization (d)	$	(139	)		$	—
Finance lease liabilities (b)	$	1,672			$	—
Capital lease assets (c)	$	—			$	2,097
Capital lease accumulated amortization (d)	$	—			$	(104	)
Capital lease liabilities (b)	$	—			$	1,789

(a) Recognized as a part of deferred costs and other assets, net on the condensed consolidated balance sheets.

(b) Recognized as a part of other liabilities on the condensed consolidated balance sheets.

(c) Recognized as a part of building and other improvements on the condensed consolidated balance sheets.

(d)

Recognized as a part of accumulated depreciation on the condensed consolidated balance sheets.

Schedule of Lease Cost, Weighted Average Lease Term and Weighted Average Discount Rate

The following table reflects the Company's total lease cost, weighted-average lease terms, and weighted-average discount rates for the three months ended March 31, 2019:

	Three months ended March 31, 2019
Minimum operating lease payments (a)	$	172
Variable operating lease payments (a)	33
Short-term operating lease payments (a)	70
ROU amortization of finance leases (b)	35
Interest expense of finance leases (c)	16
Total lease cost	$	326
Weighted-average remaining lease term of operating leases	5.8 years
Weighted-average remaining lease term of finance leases	3.4 years
Weighted-average discount rate of operating leases	4.44		%
Weighted-average discount rate of finance leases	3.50		%

(a) Recognized as a part of general and administrative expenses on the condensed consolidated statements of operations and comprehensive (loss) income.

(b) Recognized as a part of depreciation and amortization on the condensed consolidated statements of operations and comprehensive (loss) income.

(c)

Recognized as a part of interest expense, net on the condensed consolidated statements of operations and comprehensive (loss) income.

Schedule of Future Minimum Operating Lease Obligations

Future minimum lease obligations as of March 31, 2019, were as follows:

	Future Minimum Lease Payments
	Operating Leases				Finance Leases
Remaining 2019	$	502			$	415
2020	611				532
2021	494				519
2022	466				317
2023	479				40
Thereafter	1,041				—
Total expected minimum lease obligation	3,593				1,823
Less: Amount representing interest (a)	(615		)		(151		)
Present value of net minimum lease payments	$	2,978			$	1,672

(a)

Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Schedule of Future Minimum Finance Lease Obligations

Future minimum lease obligations as of March 31, 2019, were as follows:

	Future Minimum Lease Payments
	Operating Leases				Finance Leases
Remaining 2019	$	502			$	415
2020	611				532
2021	494				519
2022	466				317
2023	479				40
Thereafter	1,041				—
Total expected minimum lease obligation	3,593				1,823
Less: Amount representing interest (a)	(615		)		(151		)
Present value of net minimum lease payments	$	2,978			$	1,672

(a)

Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Schedule of minimum operating lease obligations

As of December 31, 2018, minimum lease payments to be received under long-term operating leases and short-term specialty leases, excluding additional percentage rent based on tenants' sales volume and tenant reimbursements of certain operating expenses, and assuming no exercise of renewal options or early termination rights, are as follows:

	Minimum Lease Payments
2019	$	151,874
2020	139,290
2021	124,366
2022	103,204
2023	83,744
Thereafter	282,629
Total	$	885,107

Future minimum lease obligations as of December 31, 2018, were as follows:

	Future Minimum Lease Payments
	Operating Leases				Capital Leases
2019	$	717			$	532
2020	611				532
2021	494				519
2022	466				317
2023	479				40
Thereafter	1,041				—
Total expected minimum lease obligation	$	3,808			1,940
Less: Amount representing interest (a)					(151		)
Present value of net minimum lease payments					$	1,789

(a)

Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Schedule of minimum capital lease obligations under non-cancelable ground leases

Future minimum lease obligations as of December 31, 2018, were as follows:

	Future Minimum Lease Payments
	Operating Leases				Capital Leases
2019	$	717			$	532
2020	611				532
2021	494				519
2022	466				317
2023	479				40
Thereafter	1,041				—
Total expected minimum lease obligation	$	3,808			1,940
Less: Amount representing interest (a)					(151		)
Present value of net minimum lease payments					$	1,789

(a)

Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

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Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

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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 and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

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