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LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Operating Lease Scheduled Minimum Lease Payments
The Company leases properties to tenants under operating leases with various expiration dates. Scheduled minimum lease payments on noncancellable leases at December 31, 2020 are as follows (in thousands):
YearMinimum Rent
2021$325,703 
2022310,208 
2023292,871 
2024268,062 
2025236,623 
Thereafter968,163 
Lease Costs
The table below summarizes the Company’s operating lease cost (in thousands) recognized through “Property operating expenses” on the consolidated statements of operations (in thousands):
Year Ended December 31,
Lease Cost20202019
Fixed lease cost$2,100 $2,100 
Variable lease cost45 54 
Total$2,145 $2,154 
Weighted-average remaining lease term (years)55.956.6
Weighted-average discount rate6.3 %6.3 %
Operating Lease Liability Maturities Lease payments on noncancellable leases at December 31, 2020 are as follows (in thousands):
YearMinimum Rent
2021$1,232 
20221,248 
20231,263 
20241,305 
20251,321 
Thereafter109,131 
Total lease payments$115,500 
Less: Imputed interest92,742 
Present value of operating lease liabilities$22,758