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Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2020
Revenue Recognition [Abstract]  
Lessor, Operating Lease, Payments to be Received, Maturity
As of December 31, 2020, the fixed contractual lease payments to be received over the next five years pursuant to the terms of non-cancelable operating leases are included in the table below, assuming that no leases are renewed and no renewal options are exercised. The table below includes payments from tenants who have taken possession of their space and tenants who have been moved to the cash basis of accounting for revenue recognition purposes. The table does not include variable lease payments which may be received under certain leases for the reimbursement of property operating expenses, the reimbursement of certain capital expenditures related to the maintenance of the Company’s properties, or percentage rents. These variable lease payments are recognized, in the case of reimbursements, in the period when the applicable expenditures are incurred and/or contractually required to be repaid or, in the case of percentage rents, when the sales data is made available.
Year ending December 31,Operating Leases
2021$820,956 
2022728,098 
2023627,664 
2024519,600 
2025412,324 
Thereafter1,372,125 
Schedule of COVID-19 Related Deferrals and Abatements Granted for Lease Payments
The following table presents the COVID-19 related deferrals and abatements granted for lease payments due during the year ended December 31, 2020. Lease payments presented consist of fixed contractual base rent and may include the reimbursement of certain property operating expenses.
Year Ended December 31, 2020
DeferralsAbatements
Lease payments (lease modifications)$3,544 $2,103 
Lease payments (not lease modifications)42,080 2,096 
$45,624 $4,199 
Schedule of Deferrals, Without Lease Modifications
The following table presents the deferrals that were not lease modifications and were included in Receivables, net on the Company’s Consolidated Balance Sheets:
COVID-19 Deferred Receivable
Beginning balance, March 31, 2020$— 
Deferred lease payments (not lease modifications)42,080 
Deferred lease payments deemed uncollectible(17,928)
Deferred lease payments received(8,793)
Ending balance, December 31, 2020$15,359