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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Operating Lease, Lease Income The following table presents the Company’s classification of rental revenue for its operating and sales-type leases for the years ended December 31, 2025, 2024 and 2023:
Years Ended December 31,
Classification 202520242023
Fixed $289,384 $280,433 $275,186 
Sales-type lease income — 22,027 7,427 
Variable(1)
56,756 51,893 51,607 
Total $346,140 $354,353 $334,220 
(1)    Primarily comprised of tenant reimbursements.
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity
Future fixed rental receipts for operating leases assuming no new or re-negotiated leases as of December 31, 2025 were as follows:

Year ending December 31, Operating
2026
$274,319 
2027247,123 
2028213,126 
2029186,417 
2030139,910 
Thereafter396,022 
Total$1,456,917 
Schedule of Lease, Cost
Supplemental information related to operating leases is as follows:
Years Ended December 31,
2025
2024
Weighted-average remaining lease term (years)
Operating leases
2.48.7
Weighted-average discount rate
Operating leases4.1 %4.2 %
The components of lease expense for the years ended December 31, 2025, 2024 and 2023 were as follows:
Income Statement Classification FixedVariableTotal
2025:
Property operating$3,421 $24 $3,445 
General and administrative (1)
1,887 302 2,189 
Total$5,308 $326 $5,634 
2024:
Property operating$3,487 $15 $3,502 
General and administrative1,642 262 1,904 
Total$5,129 $277 $5,406 
2023:
Property operating $3,539 $$3,546 
General and administrative1,521 280 1,801 
Total$5,060 $287 $5,347 
(1) For the years ended December 31, 2025 and 2024 the general and administrative lease expense excludes a reduction of $902 and $718, respectively, to lease expense for the sublease of the Company's office space in New York, New York. For the year ended December 31, 2023, there was no sublease of the Company's office space.
Schedule of Lessee, Operating Lease, Liability, Maturity
The following table shows the Company's maturity analysis of its operating lease liabilities as of December 31, 2025:
Year ending December 31,Operating Leases
2026
$4,258 
20273,775 
20281,164 
2029326 
2030109 
Thereafter— 
Total lease payments
9,632 
Less: Imputed interest(498)
Present value of lease liabilities
$9,134