Leases (Lessee) (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Summary of Lease Expense

The following is a summary of our lease expense (in thousands):

	Classification	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Operating lease cost (1)	(2)	$	2,466		$	4,562
Finance lease cost:
Amortization of right-of-use assets	Real estate depreciation and amortization		13			26
Interest on lease liabilities	Interest expense		32			53
Sublease income	Interest and other income		(909	)		(1,809	)
Total lease cost		$	1,602		$	2,832

(1) Includes short-term leases.

(2) $1.5 million and $3.1 million for the three and six months ended June 30, 2019, respectively, included in Property-related, with the remainder reflected in General and administrative expenses.

Schedule Of Future Minimum Rental Payments For Leases Sublease Receivable And Net Payments Table Text Block

Fixed minimum payments due over the remaining lease term under non-cancelable leases of more than one year and amounts to be received in the future from non-cancelable subleases over their remaining lease term at June 30, 2019 are as follows (amounts in thousands):

	Operating leases			Finance leases			Amounts to be received from subleases			Net payments
2019 (1)	$	3,111		$	62		$	(1,693	)	$	1,480
2020		6,341			125			(3,444	)		3,022
2021		6,533			126			(3,561	)		3,098
2022		6,734			128			(3,699	)		3,163
2023		6,800			129			(3,704	)		3,225
Thereafter		196,489			5,045			(95,622	)		105,912	(2)
Total undiscounted minimum lease payments	$	226,008		$	5,615		$	(111,723	)	$	119,900
Less: interest		(145,048	)		(3,685	)
Present value of lease liabilities	$	80,960		$	1,930

(1) Represents remaining six months of 2019.

(2) Reflects certain ground leases, in which we are the lessee, that have longer initial fixed terms than our existing sublease to our tenants. However, we would expect to either renew the related sublease, enter into a lease with a new tenant or early terminate the ground lease to reduce or avoid any significant impact from such ground leases.

Summary of Supplemental Balance Sheet Information

Supplemental balance sheet information is as follows (in thousands, except lease terms and discount rate):

	Classification	June 30, 2019
Right of use assets:
Operating leases - real estate	Land, buildings and improvements, intangible lease assets, and other	$	63,748
Finance leases - real estate	Land, buildings and improvements, intangible lease assets, and other		1,913
Real estate right of use assets, net			65,661
Operating leases - corporate	Other assets		10,651
Total right of use assets, net		$	76,312
Lease liabilities:
Operating leases	Obligations to tenants and other lease liabilities	$	80,960
Financing leases	Obligations to tenants and other lease liabilities		1,930
Total lease liabilities		$	82,890
Weighted average remaining lease term:
Operating leases			32.1
Finance leases			37.4
Weighted average discount rate:
Operating leases			6.3	%
Finance leases			6.6	%

Summary of Supplemental Cash Flow Information

The following is supplemental cash flow information (in thousands):

	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,929
Operating cash flows from finance leases		52
Financing cash flows from finance leases		10
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		1,042
Finance leases		—