Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Operating Lease, Lease Income

The following table presents the Company’s classification of rental revenue for its operating leases for the year ended December 31, 2020 and 2019:

Classification	December 31, 2020		December 31, 2019
Fixed	$	293,457	$	291,892
Variable(1)	32,354		28,730
Total	$	325,811	$	320,622

(1)    Primarily comprised of tenant reimbursements.

Lessor, Operating Lease, Payments to be Received, Maturity

Future fixed rental receipts for leases, assuming no new or re-negotiated leases as of December 31, 2020 were as     follows:

Year ending December 31,	Total
2021	$	272,621
2022	261,498
2023	262,632
2024	230,083
2025	202,362
Thereafter	1,102,089
Total	$	2,331,285

Lease, Cost

Supplemental information related to operating leases as of December 31, 2020 and 2019 is as follows:

	The Year Ended
	December 31, 2020		December 31, 2019
Weighted-average remaining lease term
Operating leases (years)	11.7		12.3
Weighted-average discount rate
Operating leases	4.1	%	4.1	%

The components of lease expense for the year ended December 31, 2020 and 2019 were as follows:

Income Statement Classification	Fixed		Variable		Total
2020:
Property operating	$	3,969	$	2	$	3,971
General and administrative	$	1,348	105		1,453
Total	$	5,317	$	107	$	5,424
2019:
Property operating	$	3,982	$	—	$	3,982
General and administrative	1,343		112		1,455
Total	$	5,325	$	112	$	5,437

Lessee, Operating Lease, Liability, Maturity

The following table shows the Company's maturity analysis of its operating lease liabilities as of December 31, 2020:

	Operating Leases
2021	$	4,843
2022	4,854
2023	4,999
2024	5,021
2025	5,021
Thereafter	17,472
Total lease payments	$	42,210
Less: Imputed interest	(9,695)
Present value of lease liabilities	$	32,515