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CONTINGENCIES (Tables) | 12 Months Ended
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Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Guarantees | The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying consolidated balance sheets as of December 31, 2018 and 2017:
|  | As of December 31, 2018 |  | Obligation recorded to reflect guaranty
Unconsolidated Affiliate |  | Company's Ownership Interest |  | Outstanding Balance |  | Percentage Guaranteed by the Operating Partnership |  | Maximum Guaranteed Amount |  | Debt Maturity Date (1) |  | 12/31/2018 |  | 12/31/2017
West Melbourne I, LLC - Phase I (2) |  | 50% |  | $ | 40,587 |  |  | 50% | (3) | $ | 20,294 |  |  | Feb-2021 | (3) | $ | 203 |  |  | $ | 86 |
West Melbourne I, LLC - Phase II (2) |  | 50% |  | 16,007 |  |  | 50% | (3) | 8,004 |  |  | Feb-2021 | (3) | 80 |  |  | 33 |
Port Orange I, LLC |  | 50% |  | 56,087 |  |  | 50% | (3) | 28,044 |  |  | Feb-2021 | (3) | 280 |  |  | 116 |
Ambassador Infrastructure, LLC |  | 65% |  | 10,605 |  |  | 100% |  | 10,605 |  |  | Aug-2020 |  | 106 |  |  | 177 |
Shoppes at Eagle Point, LLC |  | 50% |  | 33,826 |  |  | 100% | (4) | 36,400 |  |  | Oct-2020 | (5) | 364 |  |  | 364 |
EastGate Storage, LLC |  | 50% |  | 5,222 |  |  | 100% | (6) | 6,500 |  |  | Dec-2022 |  | 65 |  |  | 65 |
Self Storage at Mid Rivers, LLC (7) |  | 50% |  | 3,892 |  |  | 100% |  | 5,987 |  |  | Apr-2023 |  | 60 |  |  | — |
|  |  |  |  |  | Total guaranty liability |  | $ | 1,158 |  |  | $ | 841 |
(1) | Excludes any extension options.
(2) | The loan is secured by Hammock Landing - Phase I and Hammock Landing - Phase II, respectively.
(3) | The loan was amended in May 2018 to extend the maturity date and increase the guaranty from 20%. The loan has two one-year extension options for an outside maturity date of February 2023. See Note 6 for more information.
(4) | The guaranty will be reduced to 35% once certain debt and operational metrics are met.
(5) | The loan has one two-year extension option, at the joint venture's election, for an outside maturity date of October 2022.
(6) | Once construction is complete, the guaranty will be reduced to 50%. The guaranty will be further reduced to 25% once certain debt and operational metrics are met.
(7) | The Company received a 1% fee for the guaranty when the loan was issued in April 2018. The guaranty will be reduced to 50% once construction is complete. The guaranty will be further reduced to 25% once certain debt and operational metrics are met. See Note 6 for more information.
Schedule of Future Obligations under Operating Leases | The future obligations under these operating leases at December 31, 2018, are as follows:
2019 |  | $ | 504 |
2020 |  | 610 |
2021 |  | 517 |
2022 |  | 321 |
2023 |  | 281 |
Thereafter |  | 12,297 |
|  | $ | 14,530 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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