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Combined Guarantor Subsidiaries - Leases (Tables)

9 Months Ended

Sep. 30, 2019

Condensed Financial Statements, Captions [Line Items]

The components of rental revenues are as follows:



	Three Months Ended September 30, 2019		Three Months Ended September 30, 2018		Nine Months Ended September 30, 2019		Nine Months Ended September 30, 2018
Fixed lease payments	$	149,582	$	166,927	$	460,584	$	513,356
Variable lease payments	31,034		33,384		96,405		107,252
Total rental revenues	$	180,616	$	200,311	$	556,989	$	620,608

Schedule of Undiscounted Future Lease Payments to be Received

The undiscounted future fixed lease payments to be received under the Company's operating leases as of September 30, 2019, are as follows:



Years Ending December 31,	Operating Leases
2019 ⁽¹⁾	$	136,521
2020	510,318
2021	448,880
2022	373,820
2023	312,028
2024	245,029
Thereafter	615,720
Total undiscounted lease payments	$	2,642,316

(1)

Reflects rental payments for the fiscal period October 1, 2019 through December 31, 2019.

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

As required by the Comparative Under ASC 840 Option, which is a transitional amendment that allows for the

presentation of comparative periods in the year of adoption under ASC 840 (the former leasing guidance), the Company's future minimum rental income from lessees under non-cancellable operating leases where the Company is the lessor as of December 31, 2018 is also presented below:



Years Ending December 31,	Operating Leases
2019	$	497,014
2020	426,228
2021	363,482
2022	294,441
2023	234,191
Thereafter	531,792
Total	$	2,347,148

Schedule of Right-of-Use Asset and Lease Liability Activity

A summary of the Company's ROU asset and lease liability activity during the nine months ended September 30, 2019 is presented below:



	ROU Asset			Lease Liability
Balance as of January 1, 2019	$	4,160		$	4,074
Cash reduction	(365		)	(365		)
Noncash increase	172			266
Balance as of September 30, 2019	$	3,967		$	3,975

Schedule of Undiscounted Future Lease Payments under Operating Leases

The undiscounted future lease payments to be paid under the Company's operating leases as of September 30, 2019, are as follows:



Year Ending December 31,	Operating Leases
2019 ⁽¹⁾	$	193
2020	567
2021	608
2022	332
2023	284
2024	263
Thereafter	12,019
Total undiscounted lease payments	$	14,266
Less imputed interest	(10,291		)
Lease Liability	$	3,975

(1)

Reflects rental payments for the fiscal period October 1, 2019 through December 31, 2019.

Schedule of Future Minimum Rental Payments for Operating Leases

As required by the Comparative Under ASC 840 Option, which is a transitional amendment that allows for the presentation of comparative periods in the year of adoption under ASC 840 (the former leasing guidance), the Company's future obligations to be paid under the Company's operating leases where the Company is the lessee as of December 31, 2018 is also presented below:



2019	$	504
2020	610
2021	517
2022	321
2023	281
Thereafter	12,297
	$	14,530

Guarantor Subsidiaries

Condensed Financial Statements, Captions [Line Items]

Schedule of Components of Lease Revenue

The components of rental revenues are as follows:



	Three Months Ended September 30, 2019		Three Months Ended September 30, 2018		Nine Months Ended September 30, 2019		Nine Months Ended September 30, 2018
Fixed lease payments	$	56,501	$	65,031	$	171,564	$	195,249
Variable lease payments	10,994		12,036		34,519		37,500
Total rental revenues	$	67,495	$	77,067	$	206,083	$	232,749

Schedule of Undiscounted Future Lease Payments to be Received

The undiscounted future fixed lease payments to be received under the Combined Guarantor Subsidiaries' operating leases as of September 30, 2019, are as follows:



Year Ending December 31,	Operating Leases
2019 ⁽¹⁾	$	50,760
2020	189,456
2021	167,335
2022	137,621
2023	116,639
2024	91,074
Thereafter	222,440
Total undiscounted lease payments	$	975,325

(1)

Reflects rental payments for the fiscal period October 1, 2019 through December 31, 2019.

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

, the Combined Guarantor Subsidiaries' future minimum rental income from lessees under non-cancellable operating leases where the Combined Guarantor Subsidiaries are the lessor as of December 31, 2018 is also presented below:



Years Ending December 31,	Operating Leases
2019	$	184,923
2020	154,944
2021	133,093
2022	107,092
2023	86,957
Thereafter	193,324
Total	$	860,333

Schedule of Right-of-Use Asset and Lease Liability Activity

A summary of the Combined Guarantor Subsidiaries' ROU asset and lease liability activity during the nine months ended September 30, 2019 is presented below:



	ROU Asset			Lease Liability
Balance as of January 1, 2019	$	493		$	490
Cash reduction	(30		)	(30		)
Noncash increase	26			29
Balance as of September 30, 2019	$	489		$	489

Schedule of Undiscounted Future Lease Payments under Operating Leases

The undiscounted future lease payments to be paid under the Combined Guarantor Subsidiaries' operating lease as of September 30, 2019, are as follows:



Year Ending December 31,	Operating Lease
2019 ⁽¹⁾	$	10
2020	41
2021	41
2022	41
2023	41
2024	41
Thereafter	1,951
Total undiscounted lease payments	2,166
Less imputed interest	(1,677		)
Lease Liability	$	489

(1)

Reflects rental payments for the fiscal period October 1, 2019 through December 31, 2019.

Schedule of Future Minimum Rental Payments for Operating Leases

, the Combined Guarantor Subsidiaries' future obligations to be paid under the Combined Guarantor Subsidiaries' operating leases where the Combined Guarantor Subsidiaries are the lessee as of December 31, 2018 are also presented below:



2019	$	41
2020	41
2021	41
2022	41
2023	41
Thereafter	1,990
	$	2,195