Leases (Lessee) (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Summary of Lease Expense

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

	Classification	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
Operating lease cost (1)	(2)	$	2,163		$	6,725
Finance lease cost:
Amortization of right-of-use assets	Real estate depreciation and amortization		13			38
Interest on lease liabilities	Interest expense		32			85
Sublease income	Interest and other income		(873	)		(2,682	)
Total lease cost		$	1,335		$	4,166

(1) Includes short-term leases.

(2) $1.4 million and $4.5 million for the three and nine months ended September 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 September 30, 2019 are as follows (amounts in thousands):

	Operating Leases			Finance Leases			Amounts to be Received From Subleases			Net Payments
2019 (1)	$	1,487		$	31		$	(816	)	$	702
2020		6,040			125			(3,322	)		2,843
2021		6,219			126			(3,439	)		2,906
2022		6,407			128			(3,567	)		2,968
2023		6,470			129			(3,568	)		3,031
Thereafter		183,294			5,045			(92,095	)		96,244	(2)
Total undiscounted minimum lease payments	$	209,917		$	5,584		$	(106,807	)	$	108,694
Less: interest		(134,274	)		(3,653	)
Present value of lease liabilities	$	75,643		$	1,931

(1) Represents remaining three 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	September 30, 2019
Right of use assets:
Operating leases - real estate	Land, buildings and improvements, intangible lease assets, and other	$	58,753
Finance leases - real estate	Land, buildings and improvements, intangible lease assets, and other		1,900
Real estate right of use assets, net			60,653
Operating leases - corporate	Other assets		10,261
Total right of use assets, net		$	70,914
Lease liabilities:
Operating leases	Obligations to tenants and other lease liabilities	$	75,643
Financing leases	Obligations to tenants and other lease liabilities		1,931
Total lease liabilities		$	77,574
Weighted average remaining lease term:
Operating leases			31.9
Finance leases			37.2
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):

	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,408
Operating cash flows from finance leases		83
Financing cash flows from finance leases		10
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		1,575
Finance leases		—