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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Components of Lease Expense, Lease Terms and Discount Rate, and Supplemental Cash Flow Information
The components of lease expense were as follows for the period presented (in thousands):
 
 
 
 
Three Months Ended
 
 
Classification
 
March 31, 2020
 
March 31, 2019
Operating lease cost: (1)
 
 
 
 
 
 
Real estate lease expense
 
Property operating expenses
 
$
6,492

 
$
7,412

non-real estate investment lease expense
 
General and administrative expenses
 
1,267

 
362

Finance lease cost:
 
 
 
 
 
 
Amortization of leased assets
 
Property operating expenses
 
2,243

 
2,092

Interest on lease liabilities
 
Interest expense
 
1,379

 
1,002

Sublease income
 
Rental income
 
(1,043
)
 
(1,886
)
Total
 
 
 
$
10,338

 
$
8,982


(1) Includes short-term leases which are immaterial.
Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases was as follows (in thousands):
 
Classification
 
March 31, 2020
 
December 31, 2019
Right of use assets:
 
 
 
 
 
Operating leases - real estate
Right of use assets, net
 
$
362,685

 
$
374,217

Finance leases - real estate
Right of use assets, net
 
160,532

 
162,216

Real estate right of use assets, net
 
 
523,217

 
536,433

Operating leases - non-real estate investments
Receivables and other assets
 
11,753

 
12,474

Total right of use assets, net
 
 
$
534,970

 
$
548,907

 
 
 
 
 
 
Lease liabilities:
 
 
 
 
 
Operating leases
 
 
$
356,311

 
$
364,803

Financing leases
 
 
108,348

 
108,890

Total
 
 
$
464,659

 
$
473,693