Commitments and Contingencies |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| 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, 2017, are as follows (dollars in thousands):
Rental expenses recorded in connection with the properties on which we are ground lease tenants was $0.5 million for the year ended December 31, 2017, $0.5 million for the year ended December 31, 2016, and $0.4 million for the year ended December 31, 2015. Rental expenses are reflected in property operating expenses on the consolidated statements of operations and comprehensive income.
Letters of Credit
As of December 31, 2017, there was $1.0 million outstanding under letters of credit. These letters of credit are not reflected on our consolidated balance sheet.
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- References No definition available.
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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