LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Future minimum rental payments for operating leases

As of December 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 for the years ended December 31 (in thousands):

2021	$	222,357
2022	210,536
2023	192,702
2024	163,025
2025	142,446
Thereafter	435,100
Total	$	1,366,166

Current minimum annual payments under the leases

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

Year Ending December 31,
2021	$	3,215
2022	3,232
2023	3,328
2024	3,428
2025	3,531
Thereafter	19,710
Total lease payments	$	36,444
Imputed interest	$	(6,384)
Present value of lease liability	$	30,060

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

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

	Year Ended December 31,
	2020			2019
Operating lease cost	$	3,902		$	3,334
Variable lease cost	—			—
Sublease income	(4,297)			(3,098)
Total lease (income) cost	$	(395)		$	236
Weighted-average remaining lease term - operating leases (in years)	10.2
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):

	Year Ended December 31,
	2020		2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	3,422	$	3,347
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations	$	27,321	$	7,661