LEASES (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Current minimum future rentals under the leases

As of March 31, 2021, 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,
2021 (nine months ending December 31, 2021)	$	162,655
2022	215,710
2023	199,077
2024	168,525
2025	147,434
Thereafter	443,310
Total	$	1,336,711

Current minimum annual payments under the leases

Current annual payments under the operating leases are as follows, as of March 31, 2021 (in thousands): 

Year Ending December 31,
2021 (nine months ending December 31, 2021)	$	2,350
2022	3,232
2023	3,328
2024	3,428
2025	3,531
Thereafter	19,710
Total lease payments	$	35,579
Imputed interest	$	(6,108)
Present value of lease liability	$	29,471

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,
	2021			2020
Operating lease cost	$	1,132		$	844
Variable lease cost	—			—
Sublease income	(1,194)			(868)
Total lease (income) cost	$	(62)		$	(24)
Weighted-average remaining lease term - operating leases (in years)	10.0
Weighted-average discount rate - operating leases	3.21		%

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

	Three Months Ended March 31,
	2021		2020
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	865	$	846
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations	$	—	$	22,188