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Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Schedule of Future Minimum Base Rents to be Received

The following table sets forth the undiscounted cash flows for future minimum base rents to be received under operating leases as of March 31, 2021:

			As of March 31, 2021
2021			$	284,016
2022			378,130
2023			363,061
2024			320,060
2025			276,935
Thereafter			1,217,708
Total			$	2,839,910

Schedule of Lease, Cost

The following table sets forth the weighted-average for the lease term and the discount rate as of March 31, 2021:

Lease Term and Discount Rate			As of March 31, 2021
Weighted-average remaining lease term in years.			74.2
Weighted-average discount rate (1)			4.82%

(1) Because the rate implicit in each of the Company's leases was not readily determinable, the Company used an incremental borrowing rate. In determining the Company's incremental borrowing rate for each lease, the Company considered recent rates on secured borrowings, observable risk-free interest rates and credit spreads correlating to the Company's creditworthiness, the impact of collateralization and the term of each of the Company's lease agreements.

Schedule of Remaining Required Payments Under Ground Leases

Maturities of lease liabilities as of March 31, 2021 were as follows:

			As of March 31, 2021
			Operating						Financing
2021			$	1,265					$	345
2022			1,730						350
2023			1,795						355
2024			1,830						360
2025			1,782						370
2026			1,716						375
Thereafter			284,449						3,820
Total undiscounted lease payments			294,567						5,975
Less: imputed interest			(247,824)						(2,286)
Total lease liabilities			$	46,743					$	3,689

X

- 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=121609121&loc=SL77918686-209980

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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Period Type:	duration

X

- 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=121609121&loc=SL77918701-209980

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X

- 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=121576215&loc=SL77919396-209981

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