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Future Minimum Rents and Lease Payments (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Future Minimum Base Rents Receivable
The following table summarizes the future minimum base rents (excluding tenant reimbursements for operating expenses and termination fees related to tenants exercising early termination options) for properties as of March 31, 2024:
Year
Remaining 2024
$429,083 
2025489,338 
2026433,642 
2027377,132 
2028315,263 
Thereafter653,143 
TOTAL$2,697,601 
Schedule of Future Minimum Lease Payments Due
The following table provides information regarding the Company’s future minimum lease payments for its operating leases (including the impact of the extension options which the Company is reasonably certain to exercise) as of March 31, 2024:
Year
Lease Payments(1)
Remaining 2024
$31,004 
202540,523 
202638,947 
202736,276 
202834,374 
Thereafter523,761 
Total operating lease payments
704,885 
Less: interest portion(320,892)
PRESENT VALUE OF OPERATING LEASE LIABILITIES$383,993 
__________________ 
1.Future minimum lease payments for operating leases denominated in a foreign currency are translated to U.S. dollars using the exchange rate in effect as of the financial statement date.
Schedule of Rental Expense
The following table summarizes rental expense for operating leases:
Three Months Ended March 31,
20242023
Variable rental expense$2,102 $3,007 
Minimum rental expense$11,319 $11,082