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Leases (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024
2025$82,241 
202679,298 
202750,292 
202826,646 
202922,032 
Thereafter45,074 
Total$305,583 
Schedule of Quantitative Disclosures for Lessees
The following table presents the operating lease payments for the year ended December 31, 2024, 2023 and 2022:
Years Ended December 31,
(amounts in thousands)202420232022
Fixed lease cost:
Ground leases$643 $671 $3,601 
Office and other leases3,795 3,836 3,739 
Variable lease cost:
Ground leases59 1,969 1,938 
Total lease cost$4,497 $6,476 $9,278 
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, 2024:
(amounts in thousands)Ground LeasesOffice and Other LeasesTotal
2025$680 $4,180 $4,860 
2026684 3,957 4,641 
2027689 3,408 4,097 
2028685 3,029 3,714 
2029627 3,042 3,669 
Thereafter3,212 7,853 11,065 
Total undiscounted rental payments6,577 25,469 32,046 
Less imputed interest(1,605)(3,388)(4,993)
Total lease liabilities$4,972 $22,081 $27,053