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v3.23.1

Leases (Tables) | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Schedule of Components of Leasing Revenue | The following table summarizes the components of leasing revenue for the three months ended March 31, 2023 and 2022:
|  |  | For the Three Months Ended March 31,
|  |  |  |  | 2023 |  | 2022
Leasing revenue—fixed payments |  |  |  |  | $ | 140,506 |  |  | $ | 135,209 |
Leasing revenue—variable payments |  |  |  |  | 57,516 |  |  | 68,770 |
Recovery of (provision for) doubtful accounts, net |  |  |  |  | 1,023 |  |  | (567) |
|  |  |  |  | $ | 199,045 |  |  | $ | 203,412 |
Schedule of Minimum Rental Payments | The following table summarizes the future rental payments to the Company:
Twelve months ending March 31, |  |
2024 |  | $ | 419,064 |
2025 |  | 353,530 |
2026 |  | 285,314 |
2027 |  | 229,072 |
2028 |  | 172,565 |
Thereafter |  | 536,251 |
|  | $ | 1,995,796 |
Schedule of Lease Costs | The following table summarizes the lease costs for the three months ended March 31, 2023 and 2022:
|  |  | For the Three Months Ended March 31,
|  |  |  |  | 2023 |  | 2022
Operating lease costs |  |  |  |  | $ | 3,794 |  |  | $ | 3,775 |
Finance lease costs: |  |  |  |  |  |  |
Amortization of ROU assets |  |  |  |  | 485 |  |  | 481 |
Interest on lease liabilities |  |  |  |  | 168 |  |  | 194 |
|  |  |  |  | $ | 4,447 |  |  | $ | 4,450 |
Schedule of Minimum Future Rental Payments Required | The following table summarizes the future rental payments required under the leases:
|  | March 31, 2023 |  | December 31, 2022
Year ending December 31, |  | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
2023 |  | $ | 8,629 |  |  | $ | 2,450 |  |  | $ | 12,255 |  |  | $ | 2,450 |
2024 |  | 11,563 |  |  | 9,478 |  |  | 11,563 |  |  | 9,478 |
2025 |  | 11,746 |  |  | 1,400 |  |  | 11,746 |  |  | 1,400 |
2026 |  | 11,864 |  |  | — |  |  | 11,864 |  |  | — |
2027 |  | 12,035 |  |  | — |  |  | 12,035 |  |  | — |
Thereafter |  | 109,158 |  |  | — |  |  | 109,158 |  |  | — |
Total undiscounted rental payments |  | 164,995 |  |  | 13,328 |  |  | 168,621 |  |  | 13,328 |
Less imputed interest |  | (85,001) |  |  | (1,316) |  |  | (86,315) |  |  | (723) |
Total lease liabilities |  | $ | 79,994 |  |  | $ | 12,012 |  |  | $ | 82,306 |  |  | $ | 12,605 |
Weighted average remaining term |  | 32.5 years |  | 1.4 years |  | 32.3 years |  | 1.7 years
Weighted average incremental borrowing rate |  | 7.5 | % |  | 3.7 | % |  | 7.4 | % |  | 3.7 | %
Schedule of Finance Lease, Fiscal Year Maturity | The following table summarizes the future rental payments required under the leases:
|  | March 31, 2023 |  | December 31, 2022
Year ending December 31, |  | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
2023 |  | $ | 8,629 |  |  | $ | 2,450 |  |  | $ | 12,255 |  |  | $ | 2,450 |
2024 |  | 11,563 |  |  | 9,478 |  |  | 11,563 |  |  | 9,478 |
2025 |  | 11,746 |  |  | 1,400 |  |  | 11,746 |  |  | 1,400 |
2026 |  | 11,864 |  |  | — |  |  | 11,864 |  |  | — |
2027 |  | 12,035 |  |  | — |  |  | 12,035 |  |  | — |
Thereafter |  | 109,158 |  |  | — |  |  | 109,158 |  |  | — |
Total undiscounted rental payments |  | 164,995 |  |  | 13,328 |  |  | 168,621 |  |  | 13,328 |
Less imputed interest |  | (85,001) |  |  | (1,316) |  |  | (86,315) |  |  | (723) |
Total lease liabilities |  | $ | 79,994 |  |  | $ | 12,012 |  |  | $ | 82,306 |  |  | $ | 12,605 |
Weighted average remaining term |  | 32.5 years |  | 1.4 years |  | 32.3 years |  | 1.7 years
Weighted average incremental borrowing rate |  | 7.5 | % |  | 3.7 | % |  | 7.4 | % |  | 3.7 | %

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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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 https://asc.fasb.org/extlink&oid=128292326&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 https://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 https://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 https://asc.fasb.org/extlink&oid=126900988&loc=SL77927221-108306 + Details
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