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LEASE INFORMATION (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease Rental Income
Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2021, 2020 and 2019, respectively:
Year Ended December 31,
($ in thousands)202120202019
Fixed contractual lease payments – operating leases$292,873 $218,004 $244,666 
Variable lease payments – operating leases69,422 52,128 61,368 
Bad debt recovery (reserve)(2,897)(13,259)(3,620)
Straight-line rent adjustment4,674 1,155 3,362 
Straight-line rent recovery (reserve) for uncollectibility716 (4,177)(1,153)
Amortization of in-place lease liabilities, net2,611 3,819 3,776 
Total$367,399 $257,670 $308,399 
Schedule of Future Minimum Lease Payments to be Received
As of December 31, 2021, future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments and amounts deferred under lease concession agreements, are as follows: 
($ in thousands)Lease Payments
2022$589,763 
2023540,899 
2024474,392 
2025405,830 
2026339,723 
Thereafter1,782,554 
Total$4,133,161 
Schedule of Future Minimum Rental Payments for Operating Leases
As of December 31, 2021, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows:
($ in thousands)Lease Obligations
2022$4,986 
20234,811 
20244,776 
20254,900 
20264,905 
Thereafter115,528 
Total$139,906 
Adjustment for discounting(69,669)
Lease liabilities as of December 31, 2021$70,237