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Commitments and Contingencies | 12 Months Ended
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Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies Ground Leases We are obligated as lessee under four ground leases. Future minimum rental payments due under the terms of these leases as of December 31, 2019, are as follows (dollars in thousands):
Year |  | Future Lease Payments Due Under Operating Leases
2020 |  | 466 |
2021 |  | 477 |
2022 |  | 489 |
2023 |  | 492 |
2024 |  | 493 |
Thereafter |  | 7,799 |
Total anticipated lease payments |  | $ | 10,216 |
Less: amount representing interest |  | (4,369 | )
Present value of lease payments |  | $ | 5,847 |
Rental expense incurred for properties with ground lease obligations was $0.5 million each for the years ended December 31, 2019, 2018 and 2017. Our ground leases are treated as operating leases and rental expenses are reflected in property operating expenses on the consolidated statements of operations and comprehensive income. Our ground leases have a weighted average remaining lease term of 22.9 years. Future minimum rental payments due under the terms of these leases as of December 31, 2018 are as follows (dollars in thousands):
For the year ended December 31, |  | Minimum Rental Payments Due
2019 |  | 465 |
2020 |  | 466 |
2021 |  | 392 |
2022 |  | 319 |
2023 |  | 322 |
Thereafter |  | 3,914 |
Total |  | $ | 5,878 |
Letters of Credit As of December 31, 2019, there was $12.0 million outstanding under letters of credit. These letters of credit are not reflected on our consolidated balance sheet.

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- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -URI http://asc.fasb.org/topic&trid=2127136 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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