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Future Minimum Lease Payments (Tables)
9 Months Ended
Sep. 30, 2017
Future Minimum Lease Payments [Abstract]  
Schedule of rent expense
The Company recognized rent for ground leases and a corporate office lease as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Contingent rental expense
$
2,191

 
$
1,970

 
$
6,025

 
$
6,417

Minimum rental expense
2,952

 
3,070

 
9,203

 
10,064

Schedule of future minimum lease payments
The following table provides information regarding the Company’s future minimum lease payments for its ground leases (before the impact of extension options, if applicable) as of September 30, 2017:
Year
 
Ground Leases (1)
Remaining 2017
 
$
3,359

2018
 
14,115

2019
 
14,165

2020
 
14,165

2021
 
14,165

Thereafter
 
396,307

Total
 
$
456,276


_________________
(1)
In situations where ground lease obligation adjustments are based on third-party appraisals of fair market land value, CPI adjustments and/or percentage of gross income that exceeds the minimum annual rent, the future minimum lease amounts above include the lease rental obligations in effect as of September 30, 2017.