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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Future Minimum Rents Expected to be Received | The following table presents future minimum rents expected to be received under long-term non-cancelable tenant leases, as well as those leases that are subject to long-term agreements governing rent payments and increases:
(amounts in thousands) |  | As of December 31, 2024
2025 |  | $ | 82,241 |
2026 |  | 79,298 |
2027 |  | 50,292 |
2028 |  | 26,646 |
2029 |  | 22,032 |
Thereafter |  | 45,074 |
Total |  | $ | 305,583 |
Schedule of Quantitative Disclosures for Lessees | The following table presents the operating lease payments for the year ended December 31, 2024, 2023 and 2022:
|  | Years Ended December 31,
(amounts in thousands) |  | 2024 |  | 2023 |  | 2022
Fixed lease cost: |  |  |  |  |  |
Ground leases |  | $ | 643 |  |  | $ | 671 |  |  | $ | 3,601 |
Office and other leases |  | 3,795 |  |  | 3,836 |  |  | 3,739 |
Variable lease cost: |  |  |  |  |  |
Ground leases |  | 59 |  |  | 1,969 |  |  | 1,938 |
Total lease cost |  | $ | 4,497 |  |  | $ | 6,476 |  |  | $ | 9,278 |
Summary of Minimum Future Operating Lease Payments | The following table summarizes our minimum future rental payments, excluding variable costs, which are discounted by our incremental borrowing rate to calculate the lease liability for our operating leases as of December 31, 2024:
(amounts in thousands) |  | Ground Leases |  | Office and Other Leases |  | Total
2025 |  | $ | 680 |  |  | $ | 4,180 |  |  | $ | 4,860 |
2026 |  | 684 |  |  | 3,957 |  |  | 4,641 |
2027 |  | 689 |  |  | 3,408 |  |  | 4,097 |
2028 |  | 685 |  |  | 3,029 |  |  | 3,714 |
2029 |  | 627 |  |  | 3,042 |  |  | 3,669 |
Thereafter |  | 3,212 |  |  | 7,853 |  |  | 11,065 |
Total undiscounted rental payments |  | 6,577 |  |  | 25,469 |  |  | 32,046 |
Less imputed interest |  | (1,605) |  |  | (3,388) |  |  | (4,993) |
Total lease liabilities |  | $ | 4,972 |  |  | $ | 22,081 |  |  | $ | 27,053 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + 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 -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
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