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LEASE INFORMATION (Tables)

12 Months Ended

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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- References

No definition available.

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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

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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

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- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A

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