Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.10.0.1
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of payments for ground leases
Lease Commitments
The following properties are subject to ground leases which requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options as follows (unaudited, in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2018
 
2017
 
2018
 
2017
 
Expiration Year
Amscot
$
5

 
$
5

 
$
14

 
$
14

 
2045
Beaver Ruin Village
11

 
11

 
34

 
34

 
2054
Beaver Ruin Village II
5

 
5

 
15

 
14

 
2056
Leased office space Charleston, SC
25

 
25

 
75

 
75

 
2019
Moncks Corner
30

 
30

 
91

 
91

 
2040
Devine Street
63

 
63

 
188

 
188

 
2035
JANAF
65

 

 
191

 

 
2069
    Total Ground Leases
$
204

 
$
139

 
$
608

 
$
416

 
 
    
Schedule of future minimum rental payments due
Future minimum lease payments due under the operating leases, including applicable automatic extension options, as of September 30, 2018 are as follows (in thousands, unaudited):
 
For the remaining three months ended December 31, 2018
$
170

December 31, 2019
644

December 31, 2020
583

December 31, 2021
635

December 31, 2022
638

December 31, 2023
640

Thereafter
16,063

    Total minimum lease payments
$
19,373