Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

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Commitments and Contingencies
6 Months Ended
Jun. 30, 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 June 30, 2017 are as follows (dollars in thousands):
 
Year
 
Minimum Rental Payments Due
Six Months Ending December 31, 2017
 
$
232

2018
 
465

2019
 
465

2020
 
466

2021
 
392

2022
 
319

Thereafter
 
4,236

Total
 
$
6,575



Expenses recorded in connection to rental expense incurred for the properties listed above during the three and six months ended June 30, 2017 were $0.1 million and $0.2 million, respectively, and during the three and six months ended June 30, 2016 were $0.1 million and $0.2 million, respectively. Rental expenses are reflected in property operating expenses on the condensed consolidated statements of operations.

Letters of Credit

As of June 30, 2017, there was $1.0 million outstanding under letters of credit. These letters of credit are not reflected on our condensed consolidated balance sheet.