Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lessee, Operating Lease, Liability, Maturity

The following is a schedule of the minimum future payments required under the ground, air rights, garage leases and office lease as of September 30, 2020, for each of the next five calendar years and thereafter:

Total Future Lease Payments
	Amount
2020 (remaining three months)	$	510
2021	2,051
2022	2,071
2023	2,093
2024	2,115
2025	2,186
Thereafter	66,720
Total lease payments	$	77,746
Less: Imputed interest	(54,385)
Present value of lease liabilities	$	23,361

Lessee Operating Lease Liability Maturity, Ground, Air Rights, Garage And Office Leases

The following is a schedule of the minimum future payments required under the ground, air rights, garage leases and office lease as of December 31, 2019, for each of the next five calendar years and thereafter:

	Amount
2020	$	2,027
2021	2,051
2022	2,071
2023	2,093
2024	2,115
Thereafter	68,906
Total lease payments	$	79,263
Less: Imputed interest	(55,546)
Present value of lease liabilities	$	23,717

Schedule Of Right Of Use Asset And Liability

The following table includes information regarding the right of use assets and lease liabilities of the Company as of September 30, 2020:

	Right of Use Asset		Lease Liability
Balance as of January 1, 2020	$	21,270	$	23,717
Amortization	(469)		(356)
Balance as of September 30, 2020	$	20,801	$	23,361

Lease, Cost

Lease Term and Discount Rate	September 30, 2020
Weighted-average remaining lease term (years)	40.66
Weighted-average discount rate	6.57%