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Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of Components of Leasing Revenue

The following table summarizes the components of leasing revenue for the three and six months ended June 30, 2024 and 2023:

			For the Three Months Ended June 30,												For the Six Months Ended June 30,
			2024						2023						2024						2023
Leasing revenue—fixed payments			$	152,876					$	141,247					$	297,591					$	281,753
Leasing revenue—variable payments			46,594						50,782						96,454						108,298
(Provision for) recovery of doubtful accounts			(1,509)						624						(4,432)						1,647
			$	197,961					$	192,653					$	389,613					$	391,698

Schedule of Minimum Rental Payments

The following table summarizes the future rental payments to the Company:

Twelve months ending June 30,
2025						$	496,506
2026						416,061
2027						331,748
2028						257,743
2029						196,539
Thereafter						812,237
						$	2,510,834

Schedule of Lease Costs

The following table summarizes the lease costs for the three and six months ended June 30, 2024 and 2023:

			For the Three Months Ended June 30,												For the Six Months Ended June 30,
			2024						2023						2024						2023
Operating lease costs			$	3,275					$	3,290					$	6,537					$	7,084
Finance lease costs:
Amortization of ROU assets			487						484						975						969
Interest on lease liabilities			73						92						215						260
			$	3,835					$	3,866					$	7,727					$	8,313

Schedule of Minimum Future Rental Payments Required

The following table summarizes the future rental payments required under the leases:        

						June 30, 2024												December 31, 2023
Year ending December 31,						Operating Leases						Finance Leases						Operating Leases						Finance Leases
2024						$	6,097					$	9,478					$	11,442					$	9,478
2025						11,626						1,400						11,626						1,400
2026						11,743						—						11,743						—
2027						11,914						—						11,914						—
2028						8,303						—						8,303						—
Thereafter						74,831						—						74,831						—
Total undiscounted rental payments						124,514						10,878						129,859						10,878
Less imputed interest						(54,146)						(1,515)						(56,475)						(273)
Total lease liabilities						$	70,368					$	9,363					$	73,384					$	10,605
Weighted average remaining term						24.2 years						0.2 years						24.1 years						0.7 years
Weighted average incremental borrowing rate						7.1		%				3.5		%				7.1		%				3.6		%

Schedule of Finance Lease, Fiscal Year Maturity

The following table summarizes the future rental payments required under the leases:        

						June 30, 2024												December 31, 2023
Year ending December 31,						Operating Leases						Finance Leases						Operating Leases						Finance Leases
2024						$	6,097					$	9,478					$	11,442					$	9,478
2025						11,626						1,400						11,626						1,400
2026						11,743						—						11,743						—
2027						11,914						—						11,914						—
2028						8,303						—						8,303						—
Thereafter						74,831						—						74,831						—
Total undiscounted rental payments						124,514						10,878						129,859						10,878
Less imputed interest						(54,146)						(1,515)						(56,475)						(273)
Total lease liabilities						$	70,368					$	9,363					$	73,384					$	10,605
Weighted average remaining term						24.2 years						0.2 years						24.1 years						0.7 years
Weighted average incremental borrowing rate						7.1		%				3.5		%				7.1		%				3.6		%

X

- 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
-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 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

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- References

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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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X

- 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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