Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [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, 2023
2024	$	91,108
2025	87,803
2026	26,025
2027	24,543
2028	22,812
Thereafter	49,268
Total	$	301,559

Schedule of Quantitative Disclosures for Lessees

The following table presents the operating lease payments for the year ended December 31, 2023, 2022 and 2021:

	Years Ended December 31,
(amounts in thousands)	2023		2022		2021
Fixed lease cost:
Ground leases (1)	$	671	$	3,601	$	5,906
Office and other leases	3,836		3,739		3,529
Variable lease cost:
Ground leases (1)	1,969		1,938		871
Office and other leases	—		—		50
Total lease cost	$	6,476	$	9,278	$	10,356

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(1)The Westwinds ground leases expired August 31, 2022, for additional information see Part I. Item 1. Financial Statements—Note 16. Commitments and Contingencies.

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, 2023:

(amounts in thousands)	Ground Leases		Office and Other Leases		Total
2024	$	675	$	3,774	$	4,449
2025	680		3,339		4,019
2026	684		2,967		3,651
2027	689		2,695		3,384
2028	685		2,511		3,196
Thereafter	3,840		8,395		12,235
Total undiscounted rental payments	7,253		23,681		30,934
Less imputed interest	(1,832)		(3,362)		(5,194)
Total lease liabilities	$	5,421	$	20,319	$	25,740