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LEASES (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Operating Lease Future Contractual Lease Payments
The Company leases properties to tenants under operating leases with various expiration dates. Future contractual lease payments under operating leases at December 31, 2024 are as follows (in thousands):
Year
2025$337,848 
2026337,910 
2027315,282 
2028282,838 
2029228,722 
Thereafter837,634 
Schedule of Lease Costs
The table below summarizes the Company’s operating lease cost (in thousands) recognized through “Property operating expenses” on the consolidated statements of operations (in thousands):
Year Ended December 31,
Lease Cost20242023
Fixed lease cost$2,100 $2,100 
Variable lease cost42 57 
Total$2,142 $2,157 
Weighted-average remaining lease term (years)53.354.0
Weighted-average discount rate6.3 %6.3 %
Schedule of Operating Lease Liability Maturities Lease payments on noncancellable leases at December 31, 2024 are as follows (in thousands):
YearMinimum Rent
2025$1,321 
20261,338 
20271,355 
20281,373 
20291,418 
Thereafter103,646 
Total lease payments$110,451 
Less: Imputed interest86,905 
Present value of operating lease liabilities$23,546