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Lease Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Lease Income for Residential and Commercial Property Leases | For the years ended December 31, 2023, 2022, and 2021, our total lease income was comprised of the following amounts for all residential and commercial property leases (in thousands):
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Fixed lease income |  | $ | 172,580 |  |  | $ | 176,080 |  |  | $ | 157,842 |
Variable lease income |  |  | 13,892 |  |  |  | 13,654 |  |  |  | 11,487 |
Total lease income |  | $ | 186,472 |  |  | $ | 189,734 |  |  | $ | 169,329 |
Future Minimum Annual Rental Payments Receivable Under Residential and Commercial Leases | Future minimum annual rental payments we will receive under commercial leases, excluding such extension options, are as follows as of December 31, 2023 (in thousands):
|  | Future Minimum Annual Rental Payments |
2024 |  | $ | 12,167 |
2025 |  |  | 7,382 |
2026 |  |  | 4,904 |
2027 |  |  | 3,035 |
2028 |  |  | 1,295 |
Thereafter |  |  | 1,106 |
Total |  | $ | 29,889 |
Minimum Annual Lease Payments Under Operating, Financing Leases and Sublease Income | Combined minimum annual lease payments under operating and finance leases, and sublease income that offsets our operating lease rent, are as follows as of December 31, 2023 (in thousands):
| Sublease Income |  |  | Operating Lease Future Minimum Rent |  |  | Finance Leases Future Minimum Payments |
2024 | $ | 1,413 |  |  | $ | 2,500 |  |  | $ | 3,921 |
2025 |  | 1,423 |  |  |  | 2,355 |  |  |  | 4,437 |
2026 |  | 1,433 |  |  |  | 2,341 |  |  |  | 4,954 |
2027 |  | 1,443 |  |  |  | 2,380 |  |  |  | 5,483 |
2028 |  | 1,453 |  |  |  | 2,181 |  |  |  | 5,596 |
Thereafter |  | 630 |  |  |  | 805 |  |  |  | 1,427,620 |
Total | $ | 7,795 |  |  |  | 12,562 |  |  |  | 1,452,011 |
Less: Discount |  |  |  |  | (1,079 | ) |  |  | (1,333,314 | )
Total lease liabilities |  |  |  | $ | 11,483 |  |  | $ | 118,697 |

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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 -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 + Details
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