Quarterly report pursuant to Section 13 or 15(d)

Lease Accounting (Tables)

v3.20.1
Lease Accounting (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Future Minimum Rental Income
As of March 31, 2020, non-cancelable commercial operating leases provide for future minimum rental income from continuing operations as follows (in thousands). Apartment leases are not included as the terms are generally for one year or less.
2020
 
$
106,177

2021
 
137,244

2022
 
124,684

2023
 
107,647

2024
 
94,677

Thereafter
 
316,221

 
 
$
886,650


Schedule of Obligations for Future Minimum Payments on Operating Ground Lease
The following table sets forth the undiscounted cash flows of our scheduled obligations for future minimum payments on our operating ground lease as of March 31, 2020 and a reconciliation of those cash flows to the operating lease liability as of March 31, 2020 (in thousands):
2020
 
$
195

2021
 
260

2022
 
260

2023
 
260

2024
 
260

Thereafter
 
11,830

 
 
13,065

Imputed interest
 
(9,156
)
Lease liability
 
$
3,909