Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Summary of Weighted Average Remaining Lease Term and Discount Rates

The following table details the weighted average remaining lease term and discount rates for the Company’s ground and office leases:

Weighted-average remaining lease term - finance leases	22 years
Weighted-average remaining lease term - operating leases (1)	40 years
Weighted-average discount rate - finance leases	4.63	%
Weighted-average discount rate - operating leases (1)	4.66	%

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(1) Excludes two leases that have been executed but for which the Company has not yet taken control.

Reconciliation of Undiscounted and Discounted Cash Flows for Finance Leases

The following table details the future minimum payments of the Company's current leases as of December 31, 2023 (dollars in thousands):

	Operating Leases (1)		Financing Leases
2024	$	14,246	$	1,087
2025	14,544		1,089
2026	14,552		1,092
2027	13,884		1,094
2028	12,839		1,096
Thereafter	268,085		35,762
Total	338,150		41,220
Less discount for time value	(204,930)		(21,208)
Lease liability	$	133,220	$	20,012

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(1) Includes two leases that have been executed but for which the Company has not yet taken control.

Reconciliation of Undiscounted and Discounted Cash Flows for Operating Leases

The following table details the future minimum payments of the Company's current leases as of December 31, 2023 (dollars in thousands):

	Operating Leases (1)		Financing Leases
2024	$	14,246	$	1,087
2025	14,544		1,089
2026	14,552		1,092
2027	13,884		1,094
2028	12,839		1,096
Thereafter	268,085		35,762
Total	338,150		41,220
Less discount for time value	(204,930)		(21,208)
Lease liability	$	133,220	$	20,012

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(1) Includes two leases that have been executed but for which the Company has not yet taken control.