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Real Estate Leases (Tables)

3 Months Ended

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		%

X

- 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

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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
-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

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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

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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

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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

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