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Future Minimum Rents and Lease Payments (Tables)

6 Months Ended

Jun. 30, 2025

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 June 30, 2025:

Year						Amount
Remaining 2025						$	250,237
2026						484,450
2027						427,945
2028						360,852
2029						291,715
Thereafter						819,634
TOTAL						$	2,634,833

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 June 30, 2025:

Year						Lease Payments(1)
Remaining 2025						$	18,046
2026						36,635
2027						37,611
2028						36,897
2029						34,725
Thereafter						493,631
Total operating lease payments						657,545
Less: interest portion						(299,017)
PRESENT VALUE OF OPERATING LEASE LIABILITIES						$	358,528

__________________ 

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 June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
Variable rental expense			$	1,459					$	2,754					$	2,454					$	4,857
Minimum rental expense			$	10,866					$	11,313					$	28,014					$	22,632

X

- 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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X

- References

No definition available.

+ Details

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X

- 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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X

- 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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