LEASES (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Current minimum future rentals under the leases

As of September 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 (three months ending December 31, 2020)	$	41,459
2021	221,581
2022	208,346
2023	190,521
2024	160,681
Thereafter	571,721
Total	$	1,394,309

Current minimum annual payments under the leases

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

Year Ending December 31,
2020 (three months ending December 31, 2020)	$	865
2021	3,215
2022	3,232
2023	3,328
2024	3,428
Thereafter	23,241
Total lease payments	$	37,309
Imputed interest	$	(6,665)
Present value of lease liability	$	30,644

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 September 30,				Nine Months Ended September 30,
	2020		2019		2020			2019
Operating lease cost	$	999	$	833	$	2,788		$	2,500
Variable lease cost	—		—		—			—
Sublease income	(1,182)		(975)		(3,123)			(2,233)
Total lease (income) cost	$	(183)	$	(142)	$	(335)		$	267
Weighted-average remaining lease term - operating leases (in years)					10.4
Weighted-average discount rate - operating leases					3.22		%

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

	Nine Months Ended September 30,
	2020		2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	2,557	$	2,501
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations	$	27,321	$	7,661