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Leases (Tables)
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Operating Lease, Lease Income [Table Text Block]
The following table summarizes the components of rental income recognized during the three and six months ended June 30, 2021 and 2020 included in the accompanying Consolidated Statements of Operations.

 Three months ended June 30,Six months ended June 30,
Rental Income (in thousands)20212020    20212020
Fixed lease payments$103,778 $91,234   $204,957 $181,630 
Variable lease payments29,639 25,588 58,883 50,594 
Straight-line rental income4,718 1,823 9,600 5,750 
Net decrease to rental income related to above and below market lease amortization(330)(1,174)(1,810)(2,164)
Total rental income$137,805 $117,471 $271,630 $235,810 
Lessor, Operating Lease, Payments to be Received, Maturity
The following table summarizes the maturity of fixed lease payments under the Company’s leases as of June 30, 2021.

YearMaturity of Fixed Lease Payments (in thousands)
Remainder of 2021$208,202 
2022$396,672 
2023$355,331 
2024$304,926 
2025$251,700 
Thereafter$942,803 
Lease, Cost [Table Text Block]
The following table summarizes supplemental information related to operating lease right-of-use assets and operating lease liabilities recognized in the Company’s Consolidated Balance Sheets as of June 30, 2021 and December 31, 2020.

Operating Lease Term and Discount RateJune 30, 2021December 31, 2020
Weighted average remaining lease term (years)29.629.9
Weighted average discount rate6.8 %6.8 %

The following table summarizes the operating lease cost recognized during the three and six months ended June 30, 2021 and 2020 included in the Company’s Consolidated Statements of Operations.

 Three months ended June 30,Six months ended June 30,
Operating Lease Cost (in thousands)20212020    20212020
Operating lease cost included in property expense attributable to ground leases$417 $331   $834 $662 
Operating lease cost included in general and administrative expense attributable to corporate office lease429 423 858 741 
Total operating lease cost$846 $754 $1,692 $1,403 

The following table summarizes supplemental cash flow information related to operating leases recognized during the six months ended June 30, 2021 and 2020 in the Company’s Consolidated Statements of Cash Flows.

 Six months ended June 30,
Operating Leases (in thousands)20212020
Cash paid for amounts included in the measurement of lease liabilities (operating cash flows)$952 $1,143 
Right-of-use assets obtained in exchange for new lease liabilities$— $7,718 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The following table summarizes the maturity of operating lease liabilities under the Company’s ground leases and corporate office lease as of June 30, 2021.

Year
Maturity of Operating Lease Liabilities(1)
(in thousands)
Remainder of 2021$1,357 
20223,188 
20233,248 
20243,291 
20253,336 
Thereafter62,365 
Total lease payments76,785 
Less: Imputed interest(48,947)
Present value of operating lease liabilities$27,838 
(1)Operating lease liabilities do not include estimates of CPI rent changes required by certain ground lease agreements. Therefore, actual payments may differ than those presented.