Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Activity for Reserves Related to Billed Rents and Straight-line Rents

The activity for the reserves related to billed rents and straight-line rents (including those under specific operating leases where the collection of rents is assessed to be not probable) is as follows:

	Three Months Ended March 31, 2022
	Balance at Beginning of Period		Provision (Recovery), Net			Adjustments to Valuation Accounts		Write-Offs			Balance at End of Period
Allowance for credit loss - billed rents	$	23,586	$	(1,134	)	$	—	$	(2,371	)	$	20,081
Straight-line rent reserves		14,885		(1,350	)		—		(853	)		12,682
Total - rents receivable	$	38,471	$	(2,484	)	$	—	$	(3,224	)	$	32,763

Schedule of Lease Cost

Additional disclosures regarding the Company’s leases as lessee are as follows:

	Three Months Ended March 31,
	2022			2021
Lease Cost
Finance lease cost:
Amortization of right-of-use assets	$	226		$	226
Interest on lease liabilities		100			95
Subtotal		326			321
Operating lease cost		1,375			2,286
Variable lease cost		208			101
Total lease cost	$	1,909		$	2,708
Other Information
Weighted-average remaining lease term - finance leases (years)		32.5			33.2
Weighted-average remaining lease term - operating leases (years)		13.9			24.5
Weighted-average discount rate - finance leases		6.3	%		6.3	%
Weighted-average discount rate - operating leases		5.1	%		5.6	%

Schedule of Future Minimum Rental Revenues and Payments for Operating and Capital Leases

The scheduled future minimum (i) rental revenues from rental properties under the terms of non-cancelable tenant leases greater than one year (assuming no new or renegotiated leases or option extensions for such premises) and (ii) rental payments under the terms of all non-cancelable operating and finance leases in which the Company is the lessee, principally for office space, land and equipment, as of March 31, 2022, are summarized as follows (in thousands):

			Minimum Rental Payments
Year Ending December 31,	Minimum Rental Revenues (a)		Operating Leases (b)			Finance Leases (b)
2022 (Remainder)	$	160,893	$	4,026		$	34
2023		218,442		5,389			—
2024		197,364		5,414			—
2025		164,754		5,329			—
2026		136,346		5,173			—
Thereafter		562,643		24,474			12,515
		1,440,442		49,805			12,549
Interest		—		(11,869	)		(5,837	)
Total	$	1,440,442	$	37,936		$	6,712

a)Amount represents contractual lease maturities at March 31, 2022 including any extension options that management determined were reasonably certain of exercise.

b)Minimum rental payments exclude options or renewals not reasonably certain of exercise.