XML 66 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Operating Lease Future Contractual Lease Payments
The Company leases properties to tenants under operating leases with various expiration dates. Future contractual lease payments under operating leases at December 31, 2021 are as follows (in thousands):
Year
2022$328,553 
2023327,981 
2024304,240 
2025274,216 
2026249,045 
Thereafter952,898 
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 Cost20212020
Fixed lease cost$2,100 $2,100 
Variable lease cost43 45 
Total$2,143 $2,145 
Weighted-average remaining lease term (years)55.255.9
Weighted-average discount rate6.3 %6.3 %
Operating Lease Liability Maturities Lease payments on noncancellable leases at December 31, 2021 are as follows (in thousands):
YearMinimum Rent
2022$1,248 
20231,263 
20241,305 
20251,321 
20261,338 
Thereafter107,793 
Total lease payments$114,268 
Less: Imputed interest91,306 
Present value of operating lease liabilities$22,962