LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Current minimum future rentals under the leases

As of March 31, 2020, minimum future rentals from noncancelable operating leases, before any reserve for uncollectible amounts and assuming no early lease terminations, at our office and retail properties and the retail portion of our mixed-use property are as follows (in thousands):

Year Ending December 31,
2020 (nine months ending December 31, 2020)	$	162,470
2021	221,027
2022	206,536
2023	186,300
2024	156,339
Thereafter	559,024
Total	$	1,491,696

Current minimum annual payments under the leases

Current annual payments under the operating leases are as follows, as of March 31, 2020 (in thousands): 

Year Ending December 31,
2020 (nine months ending December 31, 2020)	$	2,576
2021	3,502
2022	2,697
2023	2,697
2024	2,697
Thereafter	17,533
Total lease payments	$	31,702
Imputed interest	$	(4,921)
Present value of lease liability	$	26,781

Lease costs under operating leases and supplemental cash flow information of leases

Lease costs under the operating leases are as follows (in thousands): 

	Three Months Ended March 31,
	2020			2019
Operating lease cost	$	844		$	833
Variable lease cost	—			—
Sublease income	(868)			(625)
Total lease (income) cost	$	(24)		$	208
Weighted-average remaining lease term - operating leases (in years)	10.8
Weighted-average discount rate - operating leases	3.24		%

Supplemental cash flow information and non-cash activity related to our operating leases are as follow (in thousands):

	Three Months Ended March 31,
	2020		2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	846	$	827
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations	$	22,188	$	7,661