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Leases (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024 and 2023:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2024						2023						2024						2023
Leasing revenue—fixed payments			$	152,357					$	142,344					$	449,948					$	424,097
Leasing revenue—variable payments			51,231						54,735						147,685						163,033
(Provision for) recovery of doubtful accounts			(140)						226						(4,572)						1,873
			$	203,448					$	197,305					$	593,061					$	589,003

Schedule of Minimum Rental Payments

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

Twelve months ending September 30,
2025						$	499,128
2026						418,767
2027						331,539
2028						260,793
2029						198,847
Thereafter						845,133
						$	2,554,207

Schedule of Lease Costs

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

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2024						2023						2024						2023
Operating lease costs			$	3,281					$	3,262					$	9,818					$	10,346
Finance lease costs:
Amortization of ROU assets			103						487						1,078						1,456
Interest on lease liabilities			24						81						239						341
			$	3,408					$	3,830					$	11,135					$	12,143

Schedule of Minimum Future Rental Payments Required

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

						September 30, 2024												December 31, 2023
Year ending December 31,						Operating Leases						Finance Leases						Operating Leases						Finance Leases
2024						$	3,222					$	751					$	11,442					$	9,478
2025						11,626						1,744						11,626						1,400
2026						11,743						344						11,743						—
2027						11,914						344						11,914						—
2028						8,303						344						8,303						—
Thereafter						74,831						1,573						74,831						—
Total undiscounted rental payments						121,639						5,100						129,859						10,878
Less imputed interest						(53,014)						(692)						(56,475)						(273)
Total lease liabilities						$	68,625					$	4,408					$	73,384					$	10,605
Weighted average remaining term						24.3 years						2.8 years						24.1 years						0.7 years
Weighted average incremental borrowing rate						7.2		%				2.8		%				7.1		%				3.6		%

Schedule of Finance Lease, Fiscal Year Maturity

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

						September 30, 2024												December 31, 2023
Year ending December 31,						Operating Leases						Finance Leases						Operating Leases						Finance Leases
2024						$	3,222					$	751					$	11,442					$	9,478
2025						11,626						1,744						11,626						1,400
2026						11,743						344						11,743						—
2027						11,914						344						11,914						—
2028						8,303						344						8,303						—
Thereafter						74,831						1,573						74,831						—
Total undiscounted rental payments						121,639						5,100						129,859						10,878
Less imputed interest						(53,014)						(692)						(56,475)						(273)
Total lease liabilities						$	68,625					$	4,408					$	73,384					$	10,605
Weighted average remaining term						24.3 years						2.8 years						24.1 years						0.7 years
Weighted average incremental borrowing rate						7.2		%				2.8		%				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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