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Leases (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Operating Lease ROU Aassets and Operating Lease Liabilities

Operating lease ROU assets and operating lease liabilities are included in the Company’s consolidated balance sheet as follows (in thousands):

		December 31,
	Classification	2020		2019
Operating Lease ROU Assets	Other Assets, Net	$	20,604	$	21,792
Operating Lease Liabilities	Accounts Payable and Other Liabilities		39,794		40,725

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 for its office leases are as follows (in thousands):

	December 31,
Classification	2020		2019
Operating and Maintenance	$	2,716	$	3,495
General and Administrative^(A)		2,627		2,837
Total lease costs	$	5,343	$	6,332

(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,
	2020			2019
Weighted-Average Remaining Lease Term	35.2 years			35.3 years
Weighted-Average Discount Rate		7.4	%		7.3	%
Cash paid for amounts included in the measurement — operating cash flows from lease liabilities (in thousands)	$	4,414		$	3,548

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,
2021	$	4,393
2022		4,051
2023		3,545
2024		3,605
2025		3,661
Thereafter		114,004
Total lease payments		133,259
Less imputed interest		(93,465	)
Total	$	39,794

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,
2021	$	338,177
2022		300,944
2023		250,738
2024		203,986
2025		154,222
Thereafter		456,926
Total	$	1,704,993