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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Schedule of Disaggregation of Revenue | The following is a summary of revenue earned by the Company’s reportable segments (see Note 19 “Segment Information,” for further information) during the year ended December 31, 2022 (in thousands):
| Philadelphia CBD |  | Pennsylvania Suburbs |  | Austin, Texas |  | Metropolitan Washington, D.C. |  | Other |  | Corporate (a) |  | Total
Fixed rent | $ | 151,034 |  |  | $ | 116,926 |  |  | $ | 60,831 |  |  | $ | 16,686 |  |  | $ | 9,805 |  |  | $ | (1,895) |  |  | $ | 353,387 |
Variable rent | 51,346 |  |  | 11,615 |  |  | 32,958 |  |  | 1,283 |  |  | 2,644 |  |  | (35) |  |  | 99,811 |
Total lease revenue | 202,380 |  |  | 128,541 |  |  | 93,789 |  |  | 17,969 |  |  | 12,449 |  |  | (1,930) |  |  | 453,198 |
Amortization of deferred market rents | 1,308 |  |  | 10 |  |  | 1,264 |  |  | — |  |  | — |  |  | — |  |  | 2,582 |
Daily parking & hotel flexible stay | 14,390 |  |  | — |  |  | 361 |  |  | 84 |  |  | 236 |  |  | — |  |  | 15,071 |
Total rents | 218,078 |  |  | 128,551 |  |  | 95,414 |  |  | 18,053 |  |  | 12,685 |  |  | (1,930) |  |  | 470,851 |
Third party management fees, labor reimbursement and leasing | 287 |  |  | 35 |  |  | 486 |  |  | 3,723 |  |  | 1,988 |  |  | 17,613 |  |  | 24,132 |
Other income | 2,510 |  |  | 354 |  |  | 429 |  |  | 123 |  |  | 38 |  |  | 7,663 |  |  | 11,117 |
Total revenue | $ | 220,875 |  |  | $ | 128,940 |  |  | $ | 96,329 |  |  | $ | 21,899 |  |  | $ | 14,711 |  |  | $ | 23,346 |  |  | $ | 506,100 |
The following is a summary of revenue earned by the Company’s reportable segments (see Note 19 “Segment Information,” for further information) during the year ended December 31, 2021 (in thousands):
| Philadelphia CBD |  | Pennsylvania Suburbs |  | Austin, Texas |  | Metropolitan Washington, D.C. |  | Other |  | Corporate (a) |  | Total
Fixed rent | $ | 149,441 |  |  | $ | 113,748 |  |  | $ | 62,545 |  |  | $ | 12,410 |  |  | $ | 8,020 |  |  | $ | (2,240) |  |  | $ | 343,924 |
Variable rent | 41,585 |  |  | 10,358 |  |  | 34,850 |  |  | 646 |  |  | 2,660 |  |  | (257) |  |  | 89,842 |
Total lease revenue | 191,026 |  |  | 124,106 |  |  | 97,395 |  |  | 13,056 |  |  | 10,680 |  |  | (2,497) |  |  | 433,766 |
Amortization of deferred market rents | 2,064 |  |  | (9) |  |  | 3,322 |  |  | — |  |  | — |  |  | — |  |  | 5,377 |
Daily parking & hotel flexible stay | 11,758 |  |  | 159 |  |  | 109 |  |  | 117 |  |  | 233 |  |  | — |  |  | 12,376 |
Total rents | 204,848 |  |  | 124,256 |  |  | 100,826 |  |  | 13,173 |  |  | 10,913 |  |  | (2,497) |  |  | 451,519 |
Third party management fees, labor reimbursement and leasing | 893 |  |  | 34 |  |  | 452 |  |  | 6,548 |  |  | 3,077 |  |  | 15,440 |  |  | 26,444 |
Other income | 2,117 |  |  | 276 |  |  | 402 |  |  | 144 |  |  | 25 |  |  | 5,892 |  |  | 8,856 |
Total revenue | $ | 207,858 |  |  | $ | 124,566 |  |  | $ | 101,680 |  |  | $ | 19,865 |  |  | $ | 14,015 |  |  | $ | 18,835 |  |  | $ | 486,819 |
The following is a summary of revenue earned by the Company’s reportable segments (see Note 19 “Segment Information,” for further information) during the year ended December 31, 2020 (in thousands):
| Philadelphia CBD |  | Pennsylvania Suburbs |  | Austin, Texas |  | Metropolitan Washington, D.C. |  | Other |  | Corporate (a) |  | Total
Fixed rent | $ | 166,286 |  |  | $ | 128,044 |  |  | $ | 63,366 |  |  | $ | 29,830 |  |  | $ | 8,064 |  |  | $ | (2,412) |  |  | $ | 393,178 |
Variable rent | 51,410 |  |  | 12,951 |  |  | 35,123 |  |  | 3,544 |  |  | 2,401 |  |  | (1,343) |  |  | 104,086 |
Total lease revenue | 217,696 |  |  | 140,995 |  |  | 98,489 |  |  | 33,374 |  |  | 10,465 |  |  | (3,755) |  |  | 497,264 |
Amortization of deferred market rents | 1,146 |  |  | (12) |  |  | 3,531 |  |  | — |  |  | 203 |  |  | — |  |  | 4,868 |
Daily parking & hotel flexible stay | 10,777 |  |  | 179 |  |  | 49 |  |  | 135 |  |  | 232 |  |  | — |  |  | 11,372 |
Total rents | 229,619 |  |  | 141,162 |  |  | 102,069 |  |  | 33,509 |  |  | 10,900 |  |  | (3,755) |  |  | 513,504 |
Third party management fees, labor reimbursement and leasing | 927 |  |  | 39 |  |  | 689 |  |  | 6,541 |  |  | 2,560 |  |  | 7,824 |  |  | 18,580 |
Other income | 1,482 |  |  | 412 |  |  | 224 |  |  | 173 |  |  | 9 |  |  | 468 |  |  | 2,768 |
Total revenue | $ | 232,028 |  |  | $ | 141,613 |  |  | $ | 102,982 |  |  | $ | 40,223 |  |  | $ | 13,469 |  |  | $ | 4,537 |  |  | $ | 534,852 |
(a)Corporate includes intercompany eliminations necessary to reconcile to consolidated Company totals.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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