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Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Future Minimum Base Rents to be Received The following table (i) sets forth undiscounted cash flows for future contractual base rents to be received under operating leases as of June 30, 2024, and (ii) excludes estimated reimbursements of Recoverable Operating Expenses:
As of June 30, 2024
Remaining 2024$92,268 
2025185,409 
2026183,202 
2027170,299 
2028155,609 
Thereafter596,178 
Total$1,382,965 
Schedule of Lease, Cost
The following table sets forth the weighted-average for the lease term and the discount rate for the ground leases and office leases in which the Company is a lessee as of June 30, 2024:
As of June 30, 2024
Lease Term and Discount RateOperatingFinancing
Weighted-average remaining lease term in years
75.3
15.5
Weighted-average discount rate (1)
4.98%3.43%
(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.
Schedule of Remaining Required Payments Under Ground Leases
Maturities of lease liabilities as of June 30, 2024 were as follows:
As of June 30, 2024
OperatingFinancing
2024$1,054 $303 
20252,051 365 
20261,748 375 
20271,527 381 
20281,595 386 
Thereafter248,691 3,070 
Total undiscounted lease payments256,666 4,880 
Less: imputed interest(212,742)(1,870)
Total lease liabilities$43,924 $3,010 
Schedule of Finance Lease, Liability, to be Paid, Maturity
Maturities of lease liabilities as of June 30, 2024 were as follows:
As of June 30, 2024
OperatingFinancing
2024$1,054 $303 
20252,051 365 
20261,748 375 
20271,527 381 
20281,595 386 
Thereafter248,691 3,070 
Total undiscounted lease payments256,666 4,880 
Less: imputed interest(212,742)(1,870)
Total lease liabilities$43,924 $3,010