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Lease Arrangements (Tables)
 3 Months Ended
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, and 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