Leases (Tables)

9 Months Ended

Sep. 30, 2022

The components of lease expense were as follows for the periods presented (in thousands):


		Nine Months Ended
	Classification	September 30, 2022		September 30, 2021
Operating lease cost: (1)
Real estate lease expense	Property operating expenses	$	16,767	$	16,430
Non-real estate investment lease expense	General and administrative expenses	4,174		3,461
Finance lease cost:
Amortization of leased assets	Property operating expenses	4,927		6,120
Interest on lease liabilities	Interest expense	4,584		4,950
Sublease income	Rental income	(8,537)		(5,972)
Total		$	21,915	$	24,989

(1) Includes short-term leases which are immaterial.

Supplemental balance sheet information related to leases is as follows (in thousands):


	Classification	September 30, 2022		December 31, 2021
Right of use assets:
Operating leases - real estate	Right of use assets, net	$	290,133	$	367,068
Finance leases - real estate	Right of use assets, net	33,097		155,728
Real estate right of use assets, net		323,230		522,796
Operating leases - non-real estate investments	Receivables and other assets	8,088		9,627
Finance leases - held for sale (1)	Real property held for sale, net of accumulated depreciation	116,577		—
Total right of use assets, net		$	447,895	$	532,423

Lease liabilities:
Operating leases		$	301,001	$	434,261
Financing leases		109,414		111,683
Total		$	410,415	$	545,944

(1) At September 30, 2022, finance leases at seven properties were classified as held for sale.