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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Undiscounted Cash Flow The following table sets forth the undiscounted cash flows for future minimum base rents to be received under operating leases as of December 31, 2021.
As of December 31, 2021
2022$380,040 
2023372,142 
2024331,657 
2025289,267 
2026264,413 
Thereafter1,012,429 
Total$2,649,948 
Lease Costs
The following table sets forth the weighted-average for the lease term and the discount rate as of December 31, 2021 and 2020:
As of December 31,
Lease Term and Discount Rate20212020
Weighted-average remaining lease term in years73.780.1
Weighted-average discount rate (1)
4.83 %4.98 %
(1) Because the rate implicit in each of the Company's leases was not readily determinable, the Company used an incremental borrowing rate. In determining the Company's incremental borrowing rate for each lease, the Company considered recent rates on secured borrowings, observable risk-free interest rates and credit spreads correlating to the Company's creditworthiness, the impact of collateralization and the term of each of the Company's lease agreements.
Operating Lease Liability Maturity Maturities of lease liabilities as of December 31, 2021 were as follows:
As of December 31, 2021
OperatingFinancing
2022$1,730 $591 
20231,796 355 
20241,831 360 
20251,783 370 
20261,716 375 
Thereafter284,459 3,820 
Total undiscounted lease payments293,315 5,871 
Less imputed interest(246,085)(2,205)
Total lease liabilities $47,230 $3,666