Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

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Commitments and Contingencies
 12 Months Ended
Dec. 31, 2012
Commitments and Contingencies [Abstract]  
Commitments and Contingencies

7. Commitments and Contingencies

Ground Leases

We are obligated as lessee under three ground leases. Future minimum rental payments due under the terms of these leases as of December 31, 2012, are as follows (in thousands):

 

                                                                 
          For the year ended December 31,  

Location

   Lease End Date     2013     2014     2015     2016     2017     2018     Thereafter  

Tulsa, OK

     Apr-21     $ 153     $ 153     $ 153     $ 153     $ 153     $ 153     $ 381  

Dartmouth, MA

     May-36       174       174       174       174       174       174       3,470  

Springfield, MA

     Feb-30       86       86       86       86       89       90       1,064  
           

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
            $ 413     $ 413     $ 413     $ 413     $ 416     $ 417     $ 4,915  
           

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Expenses recorded in connection to rental expense incurred for the properties listed above during the year ended December 31, 2012, 2011, and 2010 were $426, $191, and $140, respectively. Rental expenses are reflected in property operating expenses on the consolidated statements of operations.