Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Operating Lease ROU Assets and Operating Lease Liabilities

Operating lease ROU (“right of use”) assets and operating lease liabilities are included in the Company’s consolidated balance sheets as follows (in thousands):

		December 31,
	Classification	2023		2022
Operating Lease ROU Assets	Other Assets, Net	$	17,373	$	18,197
Operating Lease Liabilities	Accounts Payable and Other Liabilities		37,108		37,777

Schedule of Operating Lease Expenses

Operating lease expenses, including straight-line expense, included in Operating and Maintenance Expense for the Company’s ground leases and General and Administrative expense for its office leases are as follows (in thousands):

	December 31,
Classification	2023		2022		2021
Operating and Maintenance	$	2,209	$	2,596	$	2,645
General and Administrative(A)		2,303		2,213		2,405
Total lease costs	$	4,512	$	4,809	$	5,050

(A)Includes short-term leases and variable lease costs, which are immaterial.

Schedule of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases was as follows:

	December 31,
	2023			2022
Weighted-Average Remaining Lease Term	35.1 years			35.4 years
Weighted-Average Discount Rate		7.5	%		7.4	%
Cash paid for amounts included in the measurement —    operating cash flows from lease liabilities (in thousands)	$	3,598		$	4,227

Schedule of Maturities of Lease Liabilities

As determined under Topic 842, maturities of lease liabilities were as follows for the years ended December 31, (in thousands):

Year	December 31,
2024	$	3,737
2025		3,801
2026		3,902
2027		3,832
2028		3,869
Thereafter		103,662
Total lease payments		122,803
Less imputed interest		(85,695	)
Total	$	37,108

Schedule of Future Minimum Rental Income from Rental Properties under Terms of Non-Cancelable Tenant Leases

The scheduled future minimum rental income from rental properties under the terms of all non-cancelable tenant leases (including those on the cash basis), assuming no new or renegotiated leases or option extensions, as determined under Topic 842 for such premises for the years ending December 31, were as follows (in thousands):

Year	December 31,
2024	$	336,005
2025		298,194
2026		262,979
2027		221,243
2028		163,889
Thereafter		443,476
Total	$	1,725,786