Quarterly report pursuant to Section 13 or 15(d)

Lease Accounting (Tables)

v3.20.2
Lease Accounting (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Future Minimum Rental Income
As of June 30, 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 $ 73,934   
2021 132,724   
2022 119,905   
2023 102,671   
2024 89,518   
Thereafter 313,669   
$ 832,421   
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 June 30, 2020 and a reconciliation of those cash flows to the operating lease liability as of June 30, 2020 (in thousands):
2020 $ 130   
2021 260   
2022 260   
2023 260   
2024 260   
Thereafter 11,895   
13,065   
Imputed interest (9,216)  
Lease liability $ 3,849