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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of lease costs
The components of lease cost for the years ended December 31, 2022, 2021, and 2020 were as follows (in thousands):
 Years Ended December 31, 
 202220212020
Operating lease cost (a)
$1,969 $2,448 $2,626 
Finance lease cost:
Amortization of right-of-use assets (a)
1,110 1,022 586 
Interest on lease liabilities2,573 2,251 915 
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(a) Includes amortization of above & below-market ground lease intangible assets.
The table below presents supplemental cash flow information related to leases during the years ended December 31, 2022, 2021, and 2020 (in thousands):
 Years Ended December 31, 
 202220212020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$1,797 $2,085 $2,113 
Operating cash flows from finance leases2,256 1,986 864 

Additional information related to leases as of December 31, 2022 and 2021 were as follows:
 December 31, 
 20222021
Weighted Average Remaining Lease Term (years)
Operating leases35.836.7
Finance leases42.743.7
Weighted Average Discount Rate
Operating leases5.5 %5.5 %
Finance leases5.7 %5.7 %
Schedule of maturities of operating lease liabilities
The undiscounted cash flows to be paid on an annual basis for the next five years and thereafter are presented below. The total amount of lease payments, on an undiscounted basis, are reconciled to the lease liability, on the consolidated balance sheet by considering the present value discount.
Year Ending December 31,Operating LeasesFinance Leases
(in thousands)
2023$1,845 $2,311 
20241,881 2,326 
20251,897 2,363 
20261,882 2,368 
20271,890 2,391 
Thereafter66,495 124,293 
Total undiscounted cash flows75,890 136,052 
Present value discount(44,213)(89,575)
Discounted cash flows$31,677 $46,477 
Schedule of maturities of finance lease liabilities
The undiscounted cash flows to be paid on an annual basis for the next five years and thereafter are presented below. The total amount of lease payments, on an undiscounted basis, are reconciled to the lease liability, on the consolidated balance sheet by considering the present value discount.
Year Ending December 31,Operating LeasesFinance Leases
(in thousands)
2023$1,845 $2,311 
20241,881 2,326 
20251,897 2,363 
20261,882 2,368 
20271,890 2,391 
Thereafter66,495 124,293 
Total undiscounted cash flows75,890 136,052 
Present value discount(44,213)(89,575)
Discounted cash flows$31,677 $46,477 
Schedule of rental revenue Rental revenue for the years ended December 31, 2022, 2021, and 2020 comprised the following (in thousands):
Years Ended December 31, 
 202220212020
Base rent and tenant charges$212,046 $186,137 $159,747 
Accrued straight-line rental adjustment6,178 4,938 5,927 
Lease incentive amortization(684)(660)(693)
Below/(above) market lease amortization1,754 1,725 1,507 
Total rental revenue$219,294 $192,140 $166,488 
Schedule of minimum rental payments
The Company's commercial tenant leases provide for minimum rental payments during each of the next five years and thereafter as follows (in thousands):
Year Ending December 31,Operating Leases
2023$124,838 
2024120,659 
2025110,981 
2026102,996 
202791,857 
Thereafter541,166 
Total$1,092,497