Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Operating Lease, Lease Income

The following table presents the Company’s classification of rental revenue for its operating and sales-type leases for the year ended December 31, 2022, 2021 and 2020:

	Years Ended December 31,
Classification	2022		2021		2020
Fixed	$	267,644	$	287,552	$	293,457
Sales-type lease income	1,936		—		—
Variable(1)(2)	44,412		52,392		32,354
Total	$	313,992	$	339,944	$	325,811

(1)    Primarily comprised of tenant reimbursements.

(2)    Variable lease payments contain termination revenue of $238, $15,371, and $857 for the years ending December 31, 2022, 2021 and 2020, respectively.

Lessor, Operating Lease, Payments to be Received, Maturity

Future fixed rental receipts for operating and sales-type leases, assuming no new or re-negotiated leases as of December 31, 2022 were as follows:

Year ending December 31,	Operating		Sales-Type
2023	$	263,035	$	5,228
2024	240,160		5,263
2025	220,981		5,473
2026	201,251		5,692
2027	164,056		5,920
Thereafter	615,728		739,162
Total	$	1,705,211	$	766,738
Difference between undiscounted cash flow and present value			705,412
Investment in a sales-type lease			$	61,326

Lease, Cost

Supplemental information related to operating leases is as follows:

	Years Ended December 31,
	2022		2021
Weighted-average remaining lease term
Operating leases (years)	9.4		9.7
Weighted-average discount rate
Operating leases	4.0	%	4.0	%

The components of lease expense for the year ended December 31, 2022, 2021 and 2020 were as follows:

Income Statement Classification	Fixed		Variable		Total
2022:
Property operating	$	3,543	$	—	$	3,543
General and administrative	1,520		122		1,642
Total	$	5,063	$	122	$	5,185
2021:
Property operating	$	3,645	$	3	$	3,648
General and administrative	1,380		70		1,450
Total	$	5,025	$	73	$	5,098
2020:
Property operating	$	3,969	$	2	$	3,971
General and administrative	1,348		105		1,453
Total	$	5,317	$	107	$	5,424

Lessee, Operating Lease, Liability, Maturity

The following table shows the Company's maturity analysis of its operating lease liabilities as of December 31, 2022:

Year ending December 31,	Operating Leases
2023	$	5,290
2024	5,199
2025	5,204
2026	4,174
2027	3,673
Thereafter	7,501
Total lease payments	31,041
Less: Imputed interest	(5,923)
Present value of lease liabilities	$	25,118