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LEASE INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024, 2023 and 2022 (in thousands):

			Year Ended December 31,
			2024						2023						2022
Fixed contractual lease payments – operating leases			$	653,537					$	637,915					$	615,773
Variable lease payments – operating leases			156,200						151,853						151,304
Bad debt reserve			(5,356)						(3,459)						(6,027)
Straight-line rent adjustments			12,742						13,186						17,031
Straight-line rent reserve for uncollectibility			(653)						(1,374)						(553)
Amortization of in-place lease liabilities, net			10,078						12,025						4,821
Rental income			$	826,548					$	810,146					$	782,349

Schedule of Future Minimum Lease Payments to be Received

As of December 31, 2024, 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
2025			$	643,851
2026			597,134
2027			524,291
2028			435,178
2029			332,941
Thereafter			999,811
Total			$	3,533,206

Schedule of Future Minimum Lease Payments under Ground Leases

As of December 31, 2024, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands):

			Lease Obligations
2025			$	5,169
2026			5,174
2027			5,219
2028			4,979
2029			4,935
Thereafter			100,709
			$	126,185
Adjustment for discounting			(59,148)
Lease liabilities as of December 31, 2024			$	67,037

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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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