Lease Arrangements (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lease Income for Residential and Commercial Property Leases

For the years ended December 31, 2023, 2022, and 2021, our total lease income was comprised of the following amounts for all residential and commercial property leases (in thousands):

	Year ended December 31,
	2023		2022		2021
Fixed lease income	$	172,580	$	176,080	$	157,842
Variable lease income		13,892		13,654		11,487
Total lease income	$	186,472	$	189,734	$	169,329

Future Minimum Annual Rental Payments Receivable Under Residential and Commercial Leases

Future minimum annual rental payments we will receive under commercial leases, excluding such extension options, are as follows as of December 31, 2023 (in thousands):

	Future Minimum Annual Rental Payments
2024	$	12,167
2025		7,382
2026		4,904
2027		3,035
2028		1,295
Thereafter		1,106
Total	$	29,889

Minimum Annual Lease Payments Under Operating, Financing Leases and Sublease Income

Combined minimum annual lease payments under operating and finance leases, and sublease income that offsets our operating lease rent, are as follows as of December 31, 2023 (in thousands):

	Sublease Income		Operating Lease Future Minimum Rent			Finance Leases Future Minimum Payments
2024	$	1,413	$	2,500		$	3,921
2025		1,423		2,355			4,437
2026		1,433		2,341			4,954
2027		1,443		2,380			5,483
2028		1,453		2,181			5,596
Thereafter		630		805			1,427,620
Total	$	7,795		12,562			1,452,011
Less: Discount				(1,079	)		(1,333,314	)
Total lease liabilities			$	11,483		$	118,697