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 Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies

Our non-cancelable operating leases, with initial terms in excess of one year, have terms that expire from 2013 to 2101. Annual rental payments for these leases totaled approximately $5.8 million, $6.1 million and $5.3 million, for the years ended December 31, 2012, 2011 and 2010, respectively. Minimum lease payments for the next five years and thereafter are as follows (in thousands):
2013
 
$
5,329

2014
 
4,943

2015
 
4,671

2016
 
4,566

2017
 
4,553

Thereafter
 
264,796

 
 
$
288,858


Commitments to complete construction of our ongoing capital projects and other capital expenditure requirements amounted to approximately $14.3 million at December 31, 2012. Commitments for construction represent only those costs contractually required to be paid by us.

We are also subject to legal proceedings and claims which have arisen in the ordinary course of our business and have not been finally adjudicated. In our opinion, the ultimate resolution of these matters is not expected to have a material effect on our results of operations, financial condition or cash flows.