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Future Minimum Lease Payments (Tables)
9 Months Ended
Sep. 30, 2018
Future Minimum Lease Payments [Abstract]  
Schedule of rent expense The following table summarizes rent expense for ground leases as follows:
Three Months Ended
September 30, 
Nine Months Ended
September 30, 
2018201720182017
Contingent rental expense $2,149 $2,191 $7,697 $6,025 
Minimum rental expense $4,344 $2,952 $11,817 $9,203 
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, 2018:
Year
Ground Leases(1)
Remaining 2018 $3,967 
2019 15,866 
2020 15,866 
2021 15,866 
2022 15,866 
Thereafter 437,646 
TOTAL
$505,077 
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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, 2018.