XML 68 R28.htm IDEA: XBRL DOCUMENT v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases, Operating [Abstract]  
Schedule of Future Minimum Rents Expected to be Received The following table presents future minimum rents expected to be received under long-term non-cancelable tenant leases, as well as those leases that are subject to long-term agreements governing rent payments and increases:
(amounts in thousands)
As of December 31, 2020
2021$133,385 
2022136,225 
202392,816 
202443,512 
202521,915 
Thereafter74,196 
Total$502,049 
Schedule of Quantitative Disclosures for Lessees
The following table presents the operating lease payments for the year ended December 31, 2020, 2019 and 2018:
Years Ended December 31,
(amounts in thousands)202020192018
Fixed lease cost:
Ground leases$5,912 $5,727 $5,537 
Office and other leases3,243 2,869 2,114 
Variable lease cost:
Ground leases652 639 599 
Office and other leases111 72 39 
Total lease cost$9,918 $9,307 $8,289 
Summary of Minimum Future Operating Lease Payments
The following table summarizes our minimum future rental payments, excluding variable costs, which are discounted by our incremental borrowing rate to calculate the lease liability for our operating leases as of December 31, 2020:
(amounts in thousands)Ground LeasesOffice and Other LeasesTotal
2021$1,960 $3,209 $5,169 
2022 (a)
1,490 1,531 3,021 
2023545 1,240 1,785 
2024545 897 1,442 
2025545 766 1,311 
Thereafter4,493 2,125 6,618 
Total undiscounted rental payments9,578 9,768 19,346 
Less imputed interest(2,044)(908)(2,952)
Total lease liabilities$7,534 $8,860 $16,394 
_____________________
(a)The leases of our four Westwinds Properties expire on August 31, 2022 and do not contain extension options. See Note 16. Commitments and Contingencies for more details on the Westwinds leases.