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Lease Arrangements (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Lease Income for Residential and Commercial Property Leases

For the three and nine months ended September 30, 2022 and 2021, our total lease income was comprised of the following amounts for all residential and commercial property leases (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Fixed lease income

 

$

44,239

 

 

$

39,382

 

 

$

137,519

 

 

$

113,726

 

Variable lease income

 

 

3,443

 

 

 

3,046

 

 

 

10,853

 

 

 

8,760

 

Total lease income

 

$

47,682

 

 

$

42,428

 

 

$

148,372

 

 

$

122,486

 

Minimum Annual Rental Payments Under Operating , Financing Leases and Sublease Income ombined minimum annual lease payments under operating and finance leases, and sublease income that offsets our operating lease rent, are as follows (in thousands):

 

Sublease Income and Lease Modification Income

 

 

Operating Lease Future Minimum Rent

 

 

Financing Leases Future Minimum Payments

 

Remainder of 2022

$

349

 

 

$

314

 

 

$

494

 

2023

 

1,403

 

 

 

1,922

 

 

 

2,335

 

2024

 

1,413

 

 

 

1,935

 

 

 

3,335

 

2025

 

1,423

 

 

 

1,930

 

 

 

3,835

 

2026

 

1,433

 

 

 

1,960

 

 

 

4,334

 

Thereafter

 

3,526

 

 

 

4,847

 

 

 

1,155,089

 

Total

$

9,547

 

 

$

12,908

 

 

$

1,169,422

 

Less: Discount

 

 

 

 

(1,308

)

 

 

(1,070,955

)

Total lease liabilities

 

 

 

$

11,600

 

 

$

98,467