Leases (Tables)

3 Months Ended

Mar. 31, 2023

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


		Three Months Ended
	Classification	March 31, 2023		March 31, 2022
Operating lease cost: (1)
Real estate lease expense	Property operating expenses	$	5,520	$	5,816
Non-real estate investment lease expense	General and administrative expenses	1,863		978
Finance lease cost:
Amortization of leased assets	Property operating expenses	2,284		1,156
Interest on lease liabilities	Interest expense	1,427		1,618
Sublease income	Rental income	(2,950)		(2,715)
Total		$	8,144	$	6,853

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

Supplemental balance sheet information related to leases in which we are the lessee is as follows (in thousands):


	Classification	March 31, 2023		December 31, 2022
Right of use assets:
Operating leases - real estate	Right of use assets, net	$	287,275	$	287,984
Finance leases - real estate	Right of use assets, net	35,621		35,958
Real estate right of use assets, net		322,896		323,942
Operating leases - non-real estate investments	Receivables and other assets	9,281		10,119
Finance leases - held for sale (1)	Real property held for sale, net of accumulated depreciation	115,359		116,453
Total right of use assets, net		$	447,536	$	450,514

Lease liabilities:
Operating leases		$	301,915	$	302,360
Financing leases		113,254		113,464
Total		$	415,169	$	415,824

(1) At March 31, 2023, finance leases at seven properties were classified as held for sale.