Leases (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023
			Specific Allowance
	Balance at Beginning of Period		Provision (Recovery), Net		Write-Offs			General Allowance			Balance at End of Period
Allowance for credit loss - billed rents	$	18,828	$	326	$	(327	)	$	—		$	18,827
Straight-line rent reserves		13,245		1,373		—			(900	)		13,718
Total - credit losses and reserves	$	32,073	$	1,699	$	(327	)	$	(900	)	$	32,545

Schedule of Lease Cost

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

	Three Months Ended March 31,
	2023			2022
Lease Cost
Finance lease cost:
Amortization of right-of-use assets	$	226		$	226
Interest on lease liabilities		106			100
Subtotal		332			326
Operating lease cost		1,337			1,375
Variable lease cost		20			208
Total lease cost	$	1,689		$	1,909
Other Information
Weighted-average remaining lease term - finance leases (years)		31.8			32.5
Weighted-average remaining lease term - operating leases (years)		13.4			13.9
Weighted-average discount rate - finance leases		6.3	%		6.3	%
Weighted-average discount rate - operating leases		5.1	%		5.1	%

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, 2023, are summarized as follows (in thousands):

			Minimum Rental Payments
Year Ending December 31,	Minimum Rental Revenues (a)		Operating Leases (b)			Finance Leases (b)
2023 (Remainder)	$	172,208	$	4,043		$	—
2024		232,169		5,414			—
2025		203,078		5,329			—
2026		176,212		5,173			—
2027		152,308		4,373			—
Thereafter		633,427		20,066			12,549
		1,569,402		44,398			12,549
Interest		—		(10,037	)		(5,421	)
Total	$	1,569,402	$	34,361		$	7,128

a)Amount represents contractual lease maturities at March 31, 2023 including any extension options that management determined were reasonably certain of exercise.

b)Minimum rental payments include $10.0 million of interest related to operating leases and $5.4 million related to finance leases and exclude options or renewals not reasonably certain of exercise.