LEASES (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of Current Minimum Future Rentals Under the Leases

As of September 30, 2023, 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,
2023 (three months ending December 31, 2023)	$	59,230
2024	245,168
2025	230,418
2026	213,389
2027	187,633
Thereafter	367,831
Total	$	1,303,669

Schedule of Current Minimum Annual Payments Under the Leases

Current annual payments under the operating leases are as follows, as of September 30, 2023 (in thousands): 

Year Ending December 31,
2023 (three months ending December 31, 2023)	$	844
2024	3,428
2025	3,531
2026	3,584
2027	3,584
Thereafter	12,543
Total lease payments	27,514
Imputed interest	(3,634)
Present value of lease liability	$	23,880

Schedule of 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,
	2023		2022		2023			2022
Operating lease cost	$	932	$	844	$	2,786		$	2,533
Sublease income	(978)		(968)		(2,648)			(2,675)
Total lease cost (income)	$	(46)	$	(124)	$	138		$	(142)
Weighted-average remaining lease term - operating leases (in years)					7.75
Weighted-average discount rate - operating leases					3.19		%

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

	Nine Months Ended September 30,
	2023		2022
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	2,484	$	2,412