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LEASE INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Lease Rental Income | Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2021, 2020 and 2019, respectively:
| Year Ended December 31,
($ in thousands) | 2021 |  | 2020 |  | 2019
Fixed contractual lease payments – operating leases | $ | 292,873 |  |  | $ | 218,004 |  |  | $ | 244,666 |
Variable lease payments – operating leases | 69,422 |  |  | 52,128 |  |  | 61,368 |
Bad debt recovery (reserve) | (2,897) |  |  | (13,259) |  |  | (3,620) |
Straight-line rent adjustment | 4,674 |  |  | 1,155 |  |  | 3,362 |
Straight-line rent recovery (reserve) for uncollectibility | 716 |  |  | (4,177) |  |  | (1,153) |
Amortization of in-place lease liabilities, net | 2,611 |  |  | 3,819 |  |  | 3,776 |
Total | $ | 367,399 |  |  | $ | 257,670 |  |  | $ | 308,399 |
Schedule of Future Minimum Lease Payments to be Received | As of December 31, 2021, future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments and amounts deferred under lease concession agreements, are as follows:
($ in thousands) | Lease Payments
2022 | $ | 589,763 |
2023 | 540,899 |
2024 | 474,392 |
2025 | 405,830 |
2026 | 339,723 |
Thereafter | 1,782,554 |
Total | $ | 4,133,161 |
Schedule of Future Minimum Rental Payments for Operating Leases | As of December 31, 2021, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows:
($ in thousands) | Lease Obligations
2022 | $ | 4,986 |
2023 | 4,811 |
2024 | 4,776 |
2025 | 4,900 |
2026 | 4,905 |
Thereafter | 115,528 |
Total | $ | 139,906 |
Adjustment for discounting | (69,669) |
Lease liabilities as of December 31, 2021 | $ | 70,237 |

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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=123408670&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=124258985&loc=SL77919396-209981 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL77927221-108306 + Details
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