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Lease Arrangements (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Lease Income for Residential and Commercial Property Leases | For the three months ended March 31, 2024 and 2023, our total lease income was comprised of the following amounts for all residential and commercial property leases (in thousands):
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Fixed lease income |  | $ | 45,933 |  |  | $ | 41,005 |
Variable lease income |  |  | 4,199 |  |  |  | 3,161 |
Total lease income |  | $ | 50,132 |  |  | $ | 44,166 |
Minimum Annual Lease Payments Under Operating, Financing Leases and Sublease Income | Combined minimum annual lease payments under operating and finance leases, a nd sublease income that offsets our operating lease rent, are as follows as of March 31, 2024 (in thousands):
| Sublease Income |  |  | Operating Lease Future Minimum Rent |  |  | Finance Leases Future Minimum Payments |
Remainder of 2024 | $ | 1,061 |  |  | $ | 1,846 |  |  | $ | 2,691 |
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 | $ | 7,443 |  |  |  | 11,908 |  |  |  | 1,450,781 |
Less: Discount |  |  |  |  | (980 | ) |  |  | (1,331,512 | )
Total lease liabilities |  |  |  | $ | 10,928 |  |  | $ | 119,269 |

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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A + Details
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