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Leases (Tables)

6 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Leases [Abstract]

Lease, Cost [Table Text Block]

Right-of-use (ROU) assets and lease liabilities for finance and operating leases as included in our Consolidated Balance Sheets are as follows (in thousands):

Description						Financial Statement Classification						As of June 30, 2021																		As of December 31, 2020
Lease Assets
ROU asset obtained in exchange for new finance lease liabilities						Investment property, net						$	4,391																	$	4,350
ROU asset obtained in exchange for new operating lease liabilities						Other assets, net						$	88,244																	$	48,419
ROU asset obtained relative to below market operating lease						Other assets, net						$	27,238																	$	27,614
Lease Liabilities
Finance lease liabilities						Other liabilities						$	4,326																	$	4,334
Operating lease liabilities						Other liabilities						$	77,741																	$	49,964

Lease expense for finance and operating leases as included in our Consolidated Statements of Operations are as follows (in thousands):

												Three Months Ended												Six Months Ended
Description						Financial Statement Classification						June 30, 2021						June 30, 2020						June 30, 2021						June 30, 2020
Finance Lease Expense
Interest on lease liabilities						Interest expense						$	26					$	26					$	52					$	52
Operating lease cost						General and administrative expense, Property operating and maintenance						2,304						977						4,452						1,804
Variable lease cost						Property operating and maintenance						1,819						420						3,118						746
Short term lease cost						Property operating and maintenance						77						—						138						—
Total Lease Expense												$	4,226					$	1,423					$	7,760					$	2,602

Finance Lease, Liability, Maturity [Table Text Block]

Future minimum lease payments under non-cancellable leases as of the six months ended June 30, 2021 where we are the lessee include:

Maturity of Lease Liabilities (in thousands)						Operating Leases						Finance Leases						Total
2021 (Excluding six months ended June 30, 2021)						$	3,905					$	154					$	4,059
2022						6,704						214						6,918
2023						6,733						197						6,930
2024						7,102						4,070						11,172
2025						7,093						—						7,093
Thereafter						98,166						—						98,166
Total Lease Payments						$	129,703					$	4,635					$	134,338
Less: Imputed interest						(51,962)						(309)						(52,271)
Present Value of Lease Liabilities						$	77,741					$	4,326					$	82,067

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Future minimum lease payments under non-cancellable leases as of the six months ended June 30, 2021 where we are the lessee include:

Maturity of Lease Liabilities (in thousands)						Operating Leases						Finance Leases						Total
2021 (Excluding six months ended June 30, 2021)						$	3,905					$	154					$	4,059
2022						6,704						214						6,918
2023						6,733						197						6,930
2024						7,102						4,070						11,172
2025						7,093						—						7,093
Thereafter						98,166						—						98,166
Total Lease Payments						$	129,703					$	4,635					$	134,338
Less: Imputed interest						(51,962)						(309)						(52,271)
Present Value of Lease Liabilities						$	77,741					$	4,326					$	82,067

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

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- References

No definition available.

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

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