Operating Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Future Minimum Rentals Receivable

The following table summarizes the future minimum rentals on the Company's lessor and sub-lessor arrangements at December 31, 2019 and 2018 (in thousands):

	December 31, 2019							December 31, 2018 (2)
	Operating leases		Sub-lessor operating ground leases					Operating leases
	Amount (1)		Amount (1)		Total			Amount (1)
Year:							Year:
2020	$	525,809	$	23,468	$	549,277	2019	$	520,139
2021	518,590		23,863		542,453		2020	503,344
2022	504,119		23,291		527,410		2021	492,165
2023	474,889		22,609		497,498		2022	477,671
2024	453,043		22,196		475,239		2023	449,686
Thereafter	3,707,326		226,150		3,933,476		Thereafter	3,953,717
Total	$	6,183,776	$	341,577	$	6,525,353	Total	$	6,396,722

⁽¹⁾ Included in rental revenue.

⁽²⁾ Balances as of December 31, 2018 are prior to the adoption of Topic 842.

Schedule of Future Minimum Rental Payments for Operating Leases

The following table summarizes the future minimum lease payments under the ground lease obligations and the office lease at December 31, 2019 and 2018, excluding contingent rent due under leases where the ground lease payment, or a portion thereof, is based on the level of the tenant's sales (in thousands):

	December 31, 2019					December 31, 2018 (3)
	Ground Leases (1)		Office lease (2)			Ground Leases		Office lease (2)
Year:					Year:
2020	$	24,085	$	856	2019	$	22,867	$	856
2021	24,529		884		2020	23,236		856
2022	23,961		967		2021	23,600		884
2023	23,283		967		2022	22,996		967
2024	22,871		967		2023	22,303		967
Thereafter	243,411		1,691		Thereafter	257,446		2,658
Total lease payments	$	362,140	$	6,332		$	372,448	$	7,188
Less: imputed interest	131,901		921
Present value of lease liabilities	$	230,239	$	5,411

⁽¹⁾ Included in property operating expense.

⁽²⁾ Included in general and administrative expense.

⁽³⁾ Balances as of December 31, 2018 are prior to the adoption of Topic 842.

Lessee, Operating Leases [Text Block]

The following table summarizes the carrying amounts of the operating lease right-of-use assets and liabilities as of December 31, 2019 (in thousands):

		As of
	Classification	December 31, 2019
Assets:
Operating ground lease assets	Operating lease right-of-use assets	$	205,997
Office lease asset	Operating lease right-of-use assets	5,190
Total operating lease right-of-use assets		$	211,187
Sub-lessor straight-line rent receivable	Accounts receivable	24,569
Total leased assets		$	235,756
Liabilities:
Operating ground lease liabilities	Operating lease liabilities	$	230,239
Office lease liability	Operating lease liabilities	5,411
Total lease liabilities		$	235,650

Lease, Cost [Table Text Block]

The following table summarizes the lease costs and sublease income for the year ended December 31, 2019 (in thousands):

	Classification	Year ended December 31, 2019
Lease Cost
Operating ground lease cost	Property operating expense	$	24,656
Operating office lease cost	General and administrative expense	909
Sublease income	Rental revenue	(23,492		)
Net lease cost		$	2,073