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v3.23.3

Leases (Tables) | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Schedule of Components of Leasing Revenue | The following table summarizes the components of leasing revenue for the three and nine months ended September 30, 2023 and 2022:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Leasing revenue—fixed payments | $ | 142,344 |  |  | $ | 139,261 |  |  | $ | 424,097 |  |  | $ | 409,518 |
Leasing revenue—variable payments | 54,735 |  |  | 55,624 |  |  | 163,033 |  |  | 176,493 |
Recovery of doubtful accounts, net | 226 |  |  | 709 |  |  | 1,873 |  |  | 1,585 |
| $ | 197,305 |  |  | $ | 195,594 |  |  | $ | 589,003 |  |  | $ | 587,596 |
Schedule of Minimum Rental Payments | The following table summarizes the future rental payments to the Company:
Twelve months ending September 30, |  |
2024 |  | $ | 407,380 |
2025 |  | 340,531 |
2026 |  | 275,457 |
2027 |  | 211,498 |
2028 |  | 160,525 |
Thereafter |  | 545,805 |
|  | $ | 1,941,196 |
Schedule of Lease Costs | The following table summarizes the lease costs for the three and nine months ended September 30, 2023 and 2022:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease costs | $ | 3,262 |  |  | $ | 3,788 |  |  | $ | 10,346 |  |  | $ | 11,338 |
Finance lease costs: |  |  |  |  |  |  |
Amortization of ROU assets | 487 |  |  | 483 |  |  | 1,456 |  |  | 1,446 |
Interest on lease liabilities | 81 |  |  | 100 |  |  | 341 |  |  | 402 |
| $ | 3,830 |  |  | $ | 4,371 |  |  | $ | 12,143 |  |  | $ | 13,186 |
Schedule of Minimum Future Rental Payments Required | The following table summarizes the future rental payments required under the leases:
|  | September 30, 2023 |  | December 31, 2022
Year ending December 31, |  | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
2023 |  | $ | 3,173 |  |  | $ | 2,450 |  |  | $ | 12,255 |  |  | $ | 2,450 |
2024 |  | 11,391 |  |  | 9,478 |  |  | 11,563 |  |  | 9,478 |
2025 |  | 11,574 |  |  | 1,400 |  |  | 11,746 |  |  | 1,400 |
2026 |  | 11,691 |  |  | — |  |  | 11,864 |  |  | — |
2027 |  | 11,862 |  |  | — |  |  | 12,035 |  |  | — |
Thereafter |  | 83,083 |  |  | — |  |  | 109,158 |  |  | — |
Total undiscounted rental payments |  | 132,774 |  |  | 13,328 |  |  | 168,621 |  |  | 13,328 |
Less imputed interest |  | (57,652) |  |  | (2,724) |  |  | (86,315) |  |  | (723) |
Total lease liabilities |  | $ | 75,122 |  |  | $ | 10,604 |  |  | $ | 82,306 |  |  | $ | 12,605 |
Weighted average remaining term |  | 24.1 years |  | 0.9 years |  | 32.3 years |  | 1.7 years
Weighted average incremental borrowing rate |  | 7.1 | % |  | 3.6 | % |  | 7.4 | % |  | 3.7 | %
Schedule of Finance Lease, Fiscal Year Maturity | The following table summarizes the future rental payments required under the leases:
|  | September 30, 2023 |  | December 31, 2022
Year ending December 31, |  | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
2023 |  | $ | 3,173 |  |  | $ | 2,450 |  |  | $ | 12,255 |  |  | $ | 2,450 |
2024 |  | 11,391 |  |  | 9,478 |  |  | 11,563 |  |  | 9,478 |
2025 |  | 11,574 |  |  | 1,400 |  |  | 11,746 |  |  | 1,400 |
2026 |  | 11,691 |  |  | — |  |  | 11,864 |  |  | — |
2027 |  | 11,862 |  |  | — |  |  | 12,035 |  |  | — |
Thereafter |  | 83,083 |  |  | — |  |  | 109,158 |  |  | — |
Total undiscounted rental payments |  | 132,774 |  |  | 13,328 |  |  | 168,621 |  |  | 13,328 |
Less imputed interest |  | (57,652) |  |  | (2,724) |  |  | (86,315) |  |  | (723) |
Total lease liabilities |  | $ | 75,122 |  |  | $ | 10,604 |  |  | $ | 82,306 |  |  | $ | 12,605 |
Weighted average remaining term |  | 24.1 years |  | 0.9 years |  | 32.3 years |  | 1.7 years
Weighted average incremental borrowing rate |  | 7.1 | % |  | 3.6 | % |  | 7.4 | % |  | 3.7 | %

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + 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 -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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