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v3.25.1

Leases (Tables) | 3 Months Ended
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Mar. 31, 2025
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 March 31, 2025
2025 |  | $ | 63,456 |
2026 |  | 82,297 |
2027 |  | 52,490 |
2028 |  | 27,851 |
2029 |  | 23,121 |
Thereafter |  | 45,658 |
Total |  | $ | 294,873 |
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 March 31, 2025:
|  | As of March 31, 2025 |  |
(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 |  |  | 3,060 |  |  | 3,687 |  |  |  |  |  |  |
Thereafter |  | 3,212 |  |  | 7,853 |  |  | 11,065 |  |  |  |  |  |  |
Total undiscounted rental payments |  | 6,577 |  |  | 25,487 |  |  | 32,064 |  |  |  |  |  |  |
Less imputed interest |  | (1,677) |  |  | (3,968) |  |  | (5,645) |  |  |  |  |  |  |
Total lease liabilities |  | $ | 4,900 |  |  | $ | 21,519 |  |  | $ | 26,419 |  |  |  |  |  |  |

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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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