Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Activity for Reserves Related to Billed Rents and Straight-line Rents

The activity for the reserves related to billed rents and straight-line rents (including those under specific operating leases where the collection of rents is assessed not to be probable) is as follows:

	Year Ended December 31, 2021
	Balance at Beginning of Period		Provision (Recovery), Net			Write-Offs			Balance at End of Period
Allowance for credit loss - billed rents	$	30,170	$	(2,796	)	$	(3,788	)	$	23,586
Straight-line rent reserves		14,839		2,682			(2,636	)		14,885
Total - rents receivable	$	45,009	$	(114	)	$	(6,424	)	$	38,471

	Year Ended December 31, 2020
	Balance at Beginning of Period		Provision (Recovery), Net		Write-Offs			Balance at End of Period
	(As Restated)							(As Restated)
Allowance for credit loss - billed rents	$	6,669	$	24,569	$	(1,068	)	$	30,170
Straight-line rent reserves		4,739		21,871		(11,771	)		14,839
Total - rents receivable	$	11,408	$	46,440	$	(12,839	)	$	45,009

Schedule of Lease Cost

Additional disclosures regarding the Company’s leases as lessee are as follows:

	Year Ended December 31,
	2021			2020
Lease Cost
Finance lease cost:
Amortization of right-of-use assets	$	903		$	1,595
Interest on lease liabilities		388			1,635
Subtotal		1,291			3,230
Operating lease cost		7,184			7,661
Variable lease cost		84			143
Total lease cost	$	8,559		$	11,034
Other Information
Weighted-average remaining lease term - finance leases (years)		32.6			33.4
Weighted-average remaining lease term - operating leases (years)		14.1			26.4
Weighted-average discount rate - finance leases		6.3	%		6.2	%
Weighted-average discount rate - operating leases		5.1	%		5.6	%

Schedule of Future Minimum Rental Revenues and Payments for Operating and Capital Leases

The scheduled future minimum (i) rental revenues from rental properties under the terms of non-cancelable tenant leases greater than one year (assuming no new or renegotiated leases or option extensions for such premises) and (ii) rental payments under the terms of all non-cancelable operating and finance leases in which the Company is the lessee, principally for office space, land and equipment, as of December 31, 2021, are summarized as follows (in thousands):

			Minimum Rental Payments
Year Ending December 31,	Minimum Rental Revenues (a)		Operating Leases (b)			Finance Leases (b)
2022	$	211,660	$	5,368		$	34
2023		202,890		5,389			—
2024		178,050		5,414			—
2025		146,624		5,329			—
2026		118,052		5,173			—
Thereafter		480,093		24,434			12,515
		1,337,369		51,107			12,549
Interest		—		(12,348	)		(5,937	)
Total	$	1,337,369	$	38,759		$	6,612

a)Amount represents contractual lease maturities at December 31, 2021 including any extension options that management determined were reasonably certain of exercise. During the end of March 2020, numerous tenants were forced to suspend operations by government mandate as a result of the COVID-19 Pandemic. The Company has negotiated payment agreements with selected tenants which resulted in rent concessions or deferral of rents as discussed further below.

b)Minimum rental payments include $18.3 million of interest related to operating leases and $5.9 million related to finance leases and exclude options or renewals not reasonably certain of exercise.