Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

v3.5.0.2
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2016
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, 2016, are as follows (dollars in thousands):
 
 
 
 
 
For the year ended December 31,
 
 
Location
 
Lease End Date
 
2016
 
2017
 
2018
 
2019
 
2020
 
Thereafter
Tulsa, OK
 
Apr-21
 
$
85

 
$
169

 
$
169

 
$
169

 
$
169

 
$
85

Springfield, MA
 
Feb-30
 
43

 
89

 
90

 
90

 
90

 
884

Dartmouth, MA
 
May-36
 
87

 
174

 
174

 
174

 
174

 
3,126

Salt Lake City, UT
 
Nov-40
 
15

 
30

 
31

 
32

 
33

 
853

 
 
 
 
$
230

 
$
462

 
$
464

 
$
465

 
$
466

 
$
4,948


Expenses recorded in connection to rental expense incurred for the properties listed above during both the three and six months ended June 30, 2016 and 2015 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, 2016, there was $2.5 million outstanding under letters of credit. These letters of credit are not reflected on our consolidated balance sheet.