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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Lease payments on noncancellable leases at December 31, 2019 are as follows (in thousands):
Year |  | Minimum Rent
2020 |  | $ | 1,217 |
2021 |  | 1,232 |
2022 |  | 1,248 |
2023 |  | 1,263 |
2024 |  | 1,305 |
Thereafter |  | 110,452 |
Total lease payments |  | $ | 116,717 |
Less: Imputed interest |  | 94,163 |
Present value of operating lease liabilities |  | $ | 22,554 |
Operating Lease Liabilities Maturity Schedule | Lease payments on noncancellable leases at December 31, 2019 are as follows (in thousands):
Year |  | Minimum Rent
2020 |  | $ | 389,956 |
2021 |  | 369,375 |
2022 |  | 338,435 |
2023 |  | 311,729 |
2024 |  | 280,631 |
Thereafter |  | 1,234,006 |
Operating Leases Future Minimum Payments Receivable | Lease payments on noncancellable leases at December 31, 2018, which were determined under ASC 840 and are therefore not adjusted for increases based on CPI, are as follows (in thousands):
Year |  | Minimum Rent
2019 |  | $ | 1,222 |
2020 |  | 1,222 |
2021 |  | 1,222 |
2022 |  | 1,222 |
2023 |  | 1,222 |
Thereafter |  | 55,689 |
Total |  | $ | 61,799 |
Lease payments on noncancellable leases at December 31, 2018, which were determined under under ASC 840 and are therefore not adjusted for increases based on CPI, are as follows (in thousands):
Year |  | Minimum Rent
2019 |  | 392,058 |
2020 |  | 372,619 |
2021 |  | 349,160 |
2022 |  | 304,445 |
2023 |  | 277,388 |
Thereafter |  | 1,265,810 |
Lease Payments and Costs | The table below summarizes the Company’s operating lease cost (in thousands) recognized through “Property operating expenses” on the consolidated statements of operations:
|  | Twelve Months Ended December 31,
Lease Cost |  | 2019
Fixed lease cost |  | $ | 2,100 |
Variable lease cost |  | 54 |
Total |  | $ | 2,154 |
Weighted-average remaining lease term (years) |  | 52.7 |
Weighted-average discount rate |  | 6.3 | %

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919396-209981 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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