Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Components of leasing revenue

The following table summarizes the components of leasing revenue for the three months ended March 31, 2021 and 2020:

	For the Three Months Ended March 31,
	2021		2020
Leasing revenue—fixed payments	$	131,495	$	159,557
Leasing revenue—variable payments	51,248		52,078
Provision for doubtful accounts	(3,208)		(914)
	$	179,535	$	210,721

Summary of minimum rental payments

The following table summarizes the future rental payments to the Company:

Twelve months ending March 31,
2022	$	398,867
2023	352,690
2024	303,411
2025	244,495
2026	199,323
Thereafter	592,782
	$	2,091,568

Summary of lease costs

The following table summarizes the lease costs for the three months ended March 31, 2021 and 2020:

	For the Three Months Ended March 31,
	2021		2020
Operating lease costs	$	3,815	$	3,938
Finance lease costs:
Amortization of ROU assets	478		475
Interest on lease liabilities	219		142
	$	4,512	$	4,555

Summarizes of minimum future rental payments required

The following table summarizes the future rental payments required under the leases:

	March 31, 2021						December 31, 2020
Year ending December 31,	Operating Leases			Finance Leases			Operating Leases			Finance Leases
2021	$	11,263		$	10,785		$	14,695		$	10,785
2022	14,883			2,762			14,558			2,762
2023	9,076			344			8,746			344
2024	7,094			3,085			6,759			3,085
2025	7,136			—			6,796			—
Thereafter	116,918			—			116,660			—
Total undiscounted rental payments	166,370			16,976			168,214			16,976
Less imputed interest	(93,195)			(1,151)			(94,375)			(599)
Total lease liabilities	$	73,175		$	15,825		$	73,839		$	16,377
Weighted average remaining term	34.5 years			0.9 years			34.5 years			1.1 years
Weighted average incremental borrowing rate	7.7		%	3.7		%	7.7		%	3.7		%