LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Current minimum future rentals under the leases

As of June 30, 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 (six months ending December 31, 2020)	$	102,236
2021	223,471
2022	209,162
2023	188,651
2024	158,172
Thereafter	565,253
Total	$	1,446,945

Current minimum annual payments under the leases

Current annual payments under the operating leases are as follows, as of June 30, 2020 (in thousands): 

Year Ending December 31,
2020 (six months ending December 31, 2020)	$	1,730
2021	3,502
2022	2,697
2023	2,697
2024	2,697
Thereafter	17,533
Total lease payments	$	30,856
Imputed interest	$	(4,712)
Present value of lease liability	$	26,144

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 June 30,				Six Months Ended June 30,
	2020		2019		2020			2019
Operating lease cost	$	945	$	833	$	1,790		$	1,667
Variable lease cost	—		—		—			—
Sublease income	(1,073)		(633)		(1,941)			(1,258)
Total lease (income) cost	$	(128)	$	200	$	(151)		$	409
Weighted-average remaining lease term - operating leases (in years)					10.6
Weighted-average discount rate - operating leases					3.23		%

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

	Six Months Ended June 30,
	2020		2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	1,692	$	1,655
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations	$	22,188	$	7,661