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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Operating Lease, Lease Income | The following table presents the Company’s classification of rental revenue for its operating leases for the year ended December 31, 2020 and 2019:
Classification | December 31, 2020 |  | December 31, 2019
Fixed | $ | 293,457 |  |  | $ | 291,892 |
Variable(1) | 32,354 |  |  | 28,730 |
Total | $ | 325,811 |  |  | $ | 320,622 |
(1) Primarily comprised of tenant reimbursements.
Lessor, Operating Lease, Payments to be Received, Maturity | Future fixed rental receipts for leases, assuming no new or re-negotiated leases as of December 31, 2020 were as follows:
Year ending December 31, | Total
2021 | $ | 272,621 |
2022 | 261,498 |
2023 | 262,632 |
2024 | 230,083 |
2025 | 202,362 |
Thereafter | 1,102,089 |
Total | $ | 2,331,285 |
Lease, Cost | Supplemental information related to operating leases as of December 31, 2020 and 2019 is as follows:
|  | The Year Ended
|  | December 31, 2020 |  | December 31, 2019
Weighted-average remaining lease term |  |  |
Operating leases (years) | 11.7 |  | 12.3
Weighted-average discount rate |  |  |
Operating leases | 4.1 | % |  | 4.1 | %
The components of lease expense for the year ended December 31, 2020 and 2019 were as follows:
Income Statement Classification | Fixed |  | Variable |  | Total
2020: |  |  |  |  |
Property operating | $ | 3,969 |  |  | $ | 2 |  |  | $ | 3,971 |
General and administrative | $ | 1,348 |  |  | 105 |  |  | 1,453 |
Total | $ | 5,317 |  |  | $ | 107 |  |  | $ | 5,424 |
2019: |  |  |  |  |
Property operating | $ | 3,982 |  |  | $ | — |  |  | $ | 3,982 |
General and administrative | 1,343 |  |  | 112 |  |  | 1,455 |
Total | $ | 5,325 |  |  | $ | 112 |  |  | $ | 5,437 |
Lessee, Operating Lease, Liability, Maturity | The following table shows the Company's maturity analysis of its operating lease liabilities as of December 31, 2020:
|  | Operating Leases
2021 |  | $ | 4,843 |
2022 |  | 4,854 |
2023 |  | 4,999 |
2024 |  | 5,021 |
2025 |  | 5,021 |
Thereafter |  | 17,472 |
Total lease payments |  | $ | 42,210 |
Less: Imputed interest |  | (9,695) |
Present value of lease liabilities |  | $ | 32,515 |

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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 http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121576215&loc=SL77919396-209981 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121576215&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=121640914&loc=SL77927221-108306 + Details
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