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Summary Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Summary Accounting Policies

Schedule of components of lease revenues

The components of lease revenues for the three months ended March 31, 2019 are as follows (amounts in thousands):

Fixed lease revenues		$	17,645
Variable lease revenues			3,256
Lease revenues (a)		$	20,901

^(a) Excludes $254 of amortization related to lease intangible assets and liabilities.

Schedule of minimum future contractual rents to be received under ASC 842

As of March 31, 2019, under ASC 842, the minimum future contractual rents to be received over the next five years and thereafter on non cancellable operating leases are included in the table below (amounts in thousands). The minimum future contractual rents do not include (i) straight line rent or amortization of intangibles and (ii) variable lease payments as described above.

From April 1 – December 31, 2019		$	50,678
For the year ended December 31,
2020			67,572
2021			66,039
2022			57,422
2023			48,624
2024			40,687
Thereafter			169,205
Total		$	500,227

Schedule of minimum future contractual rents to be received under ASC 840

As of December 31, 2018, under ASC 840, the minimum future contractual rents to be received over the next five years and thereafter on non cancellable operating leases were as follows (amounts in thousands):

For the year ended December 31,
2019		$	66,959
2020			66,691
2021			65,130
2022			56,444
2023			47,644
Thereafter			208,923
Total		$	511,791

Schedule of minimum future lease payments

As of March 31, 2019, under ASC 842, the minimum future lease payments related to this operating ground lease are as follows (amounts in thousands):

From April 1 – December 31, 2019		$	317
For the year ended December 31,
2020			464
2021			464
2022			464
2023			464
2024			512
Thereafter			3,086
Total undiscounted cash flows		$	5,771
Present value discount			(1,441)
Lease liability		$	4,330

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
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Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
-Paragraph 12
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Tabular disclosure of components of income from operating lease.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
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-URI http://asc.fasb.org/extlink&oid=77888428&loc=SL77919372-209981

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-Publisher FASB
-Name Accounting Standards Codification
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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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