SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

Basis of Presentation and Significant Accounting Policies [Abstract]

Schedule of Net Accounts Receivable

	December 31,
	2019		2018
	(in thousands)
Contractual receivables	$	27,122	$	34,901
Allowance		—		(1,075)
Contractual receivables – net	$	27,122	$	33,826
Effective yield interest receivables	$	12,914	$	12,741
Straight-line rent receivables		275,549		251,166
Lease inducements		92,628		49,644
Other receivables and lease inducements	$	381,091	$	313,551

Schedule of lease balance sheet information

	December 31, 2019
	(in thousands)
Other assets - right of use assets	$	17,533
Accrued expenses and other liabilities – lease liabilities	$	18,033

Schedule of operating lease cost

	Year Ended December 31, 2019
	(in thousands)
Operating lease cost
Lease expense	$	2,110
Variable lease expense		129
Total lease expense	$	2,239
Rental income – ground lease income	$	842
Cash paid for amounts included in the measurement of lease liabilities	$	1,949
Weighted average remaining lease term (in years)		28
Weighted average discount rate		5.25%

Schedule of maturities operating lease liabilities

	Future Rental Payments		Accretion of Lease Liability		Total
2020	$	1,847	$	(929)	$	918
2021		1,878		(879)		999
2022		1,922		(824)		1,098
2023		1,967		(764)		1,203
2024		2,012		(699)		1,313
Thereafter		34,002		(21,500)		12,502
Total	$	43,628	$	(25,595)	$	18,033

Schedule of lessor income and expenses

	Year Ended December 31, 2019
	(in thousands)
Interest income – direct financing leases	$	1,036
Rental income – operating leases		792,010
Variable lease income – operating leases		12,066
Total lease income	$	804,076
Real estate tax expense	$	14,933
General and administrative – ground lease expense		1,208
Total	$	16,141

Schedule of estimated contractual rent receivables under operating leases

The following amounts reflect the estimated contractual rents due to us for the remainder of the initial terms of our operating leases as of December 31, 2019:

	(in thousands)
2020	$	864,027
2021		884,432
2022		866,163
2023		860,369
2024		866,551
Thereafter		4,944,117
Total	$	9,285,659