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Real Estate Leases (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Schedule of Future Minimum Lease Payments Under Non-cancelable Operating Leases | Future minimum lease payments under the non-cancelable operating leases due to the Company for the years ending December 31, as of March 31, 2024, are as follows (in thousands):
2024 (nine months ended December 31) | $ | 74,362 |
2025 | 93,815 |
2026 | 84,865 |
2027 | 77,227 |
2028 | 71,052 |
2029 and thereafter | 381,758 |
| $ | 783,079 |
Schedule of Lease Receivables | Future lease payments due to the Company under this lease for the years ending December 31, as of March 31, 2024, are as follows (in thousands):
2024 (nine months ended December 31) | $ | 261 |
2025 | 356 |
2026 | 367 |
2027 | 378 |
2028 | 389 |
2029 and thereafter | 4,821 |
Total undiscounted lease receivable | 6,572 |
Discount | (3,547) |
Lease receivable | $ | 3,025 |
Schedule of Operating Lease Payments | The Company's future lease payments under these non-prepaid ground leases were as follows (in thousands):
| Operating | Financing
2024 (nine months ended December 31) | $ | 32 |  | $ | 115 |
2025 | 44 |  | 154 |
2026 | 44 |  | 154 |
2027 | 45 |  | 154 |
2028 | 46 |  | 154 |
2029 and thereafter | $ | 1,102 |  | $ | 6,802 |
Total undiscounted lease payments | 1,313 |  | 7,533 |
Discount | (541) |  | (4,260) |
Lease liabilities | $ | 772 |  | $ | 3,273 |
Schedule of Finance Lease Payments | The Company's future lease payments under these non-prepaid ground leases were as follows (in thousands):
| Operating | Financing
2024 (nine months ended December 31) | $ | 32 |  | $ | 115 |
2025 | 44 |  | 154 |
2026 | 44 |  | 154 |
2027 | 45 |  | 154 |
2028 | 46 |  | 154 |
2029 and thereafter | $ | 1,102 |  | $ | 6,802 |
Total undiscounted lease payments | 1,313 |  | 7,533 |
Discount | (541) |  | (4,260) |
Lease liabilities | $ | 772 |  | $ | 3,273 |
Schedule of Ground Leases | The following table discloses other information regarding the ground leases.
| Three Months Ended March 31,
| 2024 | 2023
Operating leases: |  |
Weighted-average remaining lease term in years (including renewal options) | 34.8 | 36.0
Weighted-average discount rate | 4.0 | % | 4.0 | %
Financing leases: |  |
Weighted-average remaining lease term in years (including renewal options) | 39.6 | 40.6
Weighted-average discount rate | 4.2 | % | 4.2 | %

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + 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 -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-12 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-10 + Details
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