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LEASE INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Schedule of Rental Income Related to Operating Leases | Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2023, 2022 and 2021 (in thousands):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Fixed contractual lease payments – operating leases | $ | 637,915 |  |  | $ | 615,773 |  |  | $ | 292,873 |
Variable lease payments – operating leases | 151,853 |  |  | 151,304 |  |  | 69,422 |
Bad debt reserve | (3,459) |  |  | (6,027) |  |  | (2,897) |
Straight-line rent adjustments | 13,186 |  |  | 17,031 |  |  | 4,674 |
Straight-line rent (reserve) recovery for uncollectibility | (1,374) |  |  | (553) |  |  | 716 |
Amortization of in-place lease liabilities, net | 12,025 |  |  | 4,821 |  |  | 2,611 |
Rental income | $ | 810,146 |  |  | $ | 782,349 |  |  | $ | 367,399 |
Schedule of Future Minimum Lease Payments to be Received | As of December 31, 2023, future minimum rentals to be received under non-cancelable operating leases, excluding variable lease payments and amounts deferred under lease concession agreements, for each of the next five years and thereafter are as follows (in thousands):
| Lease Payments
2024 | $ | 615,479 |
2025 | 566,314 |
2026 | 503,985 |
2027 | 432,467 |
2028 | 342,810 |
Thereafter | 1,105,808 |
Total | $ | 3,566,863 |
Schedule of Future Minimum Lease Payments under Ground Leases | As of December 31, 2023, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands):
| Lease Obligations
2024 | $ | 5,101 |
2025 | 5,306 |
2026 | 5,413 |
2027 | 5,586 |
2028 | 5,044 |
Thereafter | 105,644 |
| $ | 132,094 |
Adjustment for discounting | (63,169) |
Lease liabilities as of December 31, 2023 | $ | 68,925 |

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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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