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Leases (Tables) | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Activity for Reserves Related to Billed Rents and Straight-line Rents | The activity for the reserves related to billed rents and straight-line rents (including those under specific operating leases where the collection of rents is assessed to be not probable) is as follows:
|  | Three Months Ended March 31, 2023 |
|  |  |  |  | Specific Allowance |  |  |  |  |  |  |
|  | Balance at Beginning of Period |  |  | Provision (Recovery), Net |  |  | Write-Offs |  |  | General Allowance |  |  | Balance at End of Period |
Allowance for credit loss - billed rents |  | $ | 18,828 |  |  | $ | 326 |  |  | $ | (327 | ) |  | $ | — |  |  | $ | 18,827 |
Straight-line rent reserves |  |  | 13,245 |  |  |  | 1,373 |  |  |  | — |  |  |  | (900 | ) |  |  | 13,718 |
Total - credit losses and reserves |  | $ | 32,073 |  |  | $ | 1,699 |  |  | $ | (327 | ) |  | $ | (900 | ) |  | $ | 32,545 |
Schedule of Lease Cost | Additional disclosures regarding the Company’s leases as lessee are as follows:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Lease Cost |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 226 |  |  | $ | 226 |
Interest on lease liabilities |  |  | 106 |  |  |  | 100 |
Subtotal |  |  | 332 |  |  |  | 326 |
Operating lease cost |  |  | 1,337 |  |  |  | 1,375 |
Variable lease cost |  |  | 20 |  |  |  | 208 |
Total lease cost |  | $ | 1,689 |  |  | $ | 1,909 |
Other Information |  |  |  |  |  |
Weighted-average remaining lease term - finance leases (years) |  |  | 31.8 |  |  |  | 32.5 |
Weighted-average remaining lease term - operating leases (years) |  |  | 13.4 |  |  |  | 13.9 |
Weighted-average discount rate - finance leases |  |  | 6.3 | % |  |  | 6.3 | %
Weighted-average discount rate - operating leases |  |  | 5.1 | % |  |  | 5.1 | %
Schedule of Future Minimum Rental Revenues and Payments for Operating and Capital Leases | The scheduled future minimum (i) rental revenues from rental properties under the terms of non-cancelable tenant leases greater than one year (assuming no new or renegotiated leases or option extensions for such premises) and (ii) rental payments under the terms of all non-cancelable operating and finance leases in which the Company is the lessee, principally for office space, land and equipment, as of March 31, 2023, are summarized as follows (in thousands):
|  |  |  |  | Minimum Rental Payments |
Year Ending December 31, |  | Minimum Rental Revenues (a) |  |  | Operating Leases (b) |  |  | Finance Leases (b) |
2023 (Remainder) |  | $ | 172,208 |  |  | $ | 4,043 |  |  | $ | — |
2024 |  |  | 232,169 |  |  |  | 5,414 |  |  |  | — |
2025 |  |  | 203,078 |  |  |  | 5,329 |  |  |  | — |
2026 |  |  | 176,212 |  |  |  | 5,173 |  |  |  | — |
2027 |  |  | 152,308 |  |  |  | 4,373 |  |  |  | — |
Thereafter |  |  | 633,427 |  |  |  | 20,066 |  |  |  | 12,549 |
|  |  | 1,569,402 |  |  |  | 44,398 |  |  |  | 12,549 |
Interest |  |  | — |  |  |  | (10,037 | ) |  |  | (5,421 | )
Total |  | $ | 1,569,402 |  |  | $ | 34,361 |  |  | $ | 7,128 |
a) Amount represents contractual lease maturities at March 31, 2023 including any extension options that management determined were reasonably certain of exercise. b) Minimum rental payments include $10.0 million of interest related to operating leases and $5.4 million related to finance leases and exclude options or renewals not reasonably certain of exercise.

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- Definition Activity for reserves related to billed rents and straight-line rents. + References No definition available. + Details
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- Definition Schedule of future minimum rental revenue and payments for operating and capital Leases. + References No definition available. + 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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- References No definition available. + Details
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