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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2019
LEASES |
Lessee - Future minimum lease payments and total operating lease liabilities | Future minimum lease payments and total operating lease liabilities from our ground leases as of December 31, 2019 are as follows (dollars in thousands):
​ | ​ | ​ | ​
​ | ​ | Ground Leases
2020 | ​ | $ | 12,442
2021 | ​ | ​ | 12,442
2022 | ​ | ​ | 12,442
2023 | ​ | ​ | 12,442
2024 | ​ | ​ | 12,442
Thereafter | ​ | ​ | 455,221
Total future minimum lease payments (undiscounted) | ​ | ​ | 517,431
Difference between future undiscounted cash flows and discounted cash flows | ​ | ​ | (318,873)
Total operating lease liabilities (discounted) | ​ | $ | 198,558
Lessee - components of operating lease expenses | The components of operating lease expenses from our ground leases and office space were as follows (dollars in thousands):
​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | December 31, 2019
Ground lease expense: | ​ | ​ | ​
Contractual ground lease rent expense | ​ | $ | 8,272
Variable ground lease expense (a) | ​ | ​ | 664
Total ground lease expense (b) | ​ | ​ | 8,936
Contractual office space lease expense (b) | ​ | ​ | 70
Total operating lease expense (c) (d) | ​ | $ | 9,006
| (a) | Variable ground lease expense includes adjustments such as changes in the consumer price index and payments based on a percentage of income of the lessee.
| (b) | Ground lease and office space lease expense is reported within the line item Other operating expenses and office space expense is recorded in General and administrative on the Consolidated Statements of Operations.
| (c) | For the year ended December 31, 2019, Operating lease right-of-use assets and Operating lease liabilities amortized by $1.2 million and $0.8 million, respectively. The Company recorded $0.4 million of total operating lease expense during the year ended December 31, 2019, due to the net impact of the amortization.
| (d) | No leases qualified for the short-term lease exception during the year ended December 31, 2019. As such, short-term lease expense was zero for the year ended December 31, 2019.
Lessor - Future minimum lease payments | Future minimum lease payments from our retail and commercial leases as of December 31, 2019 are as follows (dollars in thousands):
​ | ​ | ​ | ​
​ | ​ | Retail and Commercial Leases
2020 | ​ | $ | 22,568
2021 | ​ | ​ | 22,055
2022 | ​ | ​ | 20,443
2023 | ​ | ​ | 19,057
2024 | ​ | ​ | 17,304
Thereafter | ​ | ​ | 78,818
Total future minimum lease payments (a) | ​ | $ | 180,245
| (a) | We have excluded our apartment home leases from this table as our apartment home leases generally have initial terms of 12 months or less.

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- 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=77888426&loc=SL77918686-209980 + Details
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- 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=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919396-209981 + Details
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