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Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Operating Lease Revenue Recognized The table below sets forth our composition of lease revenue recognized between fixed and variable lease revenue (in thousands):
For the Years Ended December 31,
Lease revenue (1)202120202019
Fixed$436,768 $404,244 $392,341 
Variable116,900 104,870 100,824 
$553,668 $509,114 $493,165 
(1)Excludes lease revenue from discontinued operations of which $22.3 million, $21.3 million and $20.0 million was fixed and $8.2 million, $5.7 million and $9.3 million was variable for 2021, 2020 and 2019, respectively.
Sales-type leases fixed contractual payments due
Fixed contractual payments due under our property leases were as follows (in thousands):
As of December 31, 2021
Year Ending December 31,Operating leasesSales-type leases
2022$430,910 $960 
2023391,551 960 
2024344,256 960 
2025256,725 960 
2026193,051 960 
Thereafter939,463 3,556 
Total contractual payments$2,555,956 8,356 
Less: Amount representing interest(2,162)
Net investment in sales-type leases$6,194 
Operating leases fixed contractual payments due
Fixed contractual payments due under our property leases were as follows (in thousands):
As of December 31, 2021
Year Ending December 31,Operating leasesSales-type leases
2022$430,910 $960 
2023391,551 960 
2024344,256 960 
2025256,725 960 
2026193,051 960 
Thereafter939,463 3,556 
Total contractual payments$2,555,956 8,356 
Less: Amount representing interest(2,162)
Net investment in sales-type leases$6,194 
Right-of-Use Assets and Lease Liabilities
Our property right-of-use assets consisted of the following (in thousands):
As of December 31,
LeasesBalance Sheet Location20212020
Right-of-use assets
Operating leases - PropertyProperty - operating right-of-use assets$38,361 $40,570 
Finance leases - Property (1)Property - finance right-of-use assets2,238 40,425 
Total right-of-use assets$40,599 $80,995 
(1)On October 22, 2021, we acquired land leased in Washington, D.C., for which we had a $37.8 million right-of-use asset as of December 31, 2021, for a nominal amount under a bargain purchase option.

Property lease liabilities consisted of the following (in thousands):
As of December 31,
LeasesBalance Sheet Location20212020
Lease liabilities
Operating leases - PropertyProperty - operating lease liabilities$29,342 $30,746 
Finance leases - PropertyOther liabilities— 28 
Total lease liabilities$29,342 $30,774 
Lease Costs The table below presents our total property lease cost (in thousands):
Statement of Operations LocationFor the Years Ended December 31,
Lease cost202120202019
Operating lease cost
Property leases - fixedProperty operating expenses$4,011 $2,413 $1,664 
Property leases - variableProperty operating expenses45 127 4 
Finance lease cost
Amortization of property right-of-use assetsProperty operating expenses31 34 30 
$4,087 $2,574 $1,698 
The table below presents the effect of property lease payments on our consolidated statements of cash flows (in thousands):
For the Years Ended December 31,
Supplemental cash flow information202120202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$3,206 $1,694 $1,004 
Financing cash flows for financing leases$14 $674 $14 
Operating Lease, Liability, Maturity
Payments on property operating leases were due as follows (in thousands):
Year Ending December 31,
December 31, 2021
2022$3,297 
20233,352 
20243,403 
20251,749 
20261,530 
Thereafter122,448 
Total lease payments135,779 
Less: Amount representing interest(106,437)
Lease liability$29,342