Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease Income for Operating Leases

The majority of lease payments we receive from our residents are fixed. We receive variable payments from our residents primarily for utility reimbursements. Our total lease income included in continuing operations was comprised of the following amounts for all operating leases for the years ended December 31, 2022, 2021, and 2020 (in thousands):

	2022		2021		2020
Fixed lease income	$	715,060	$	685,423	$	677,060
Variable lease income		47,358		46,246		43,588
Straight-line rent write-off (1)		—		—		(2,850	)
Total lease income	$	762,418	$	731,669	$	717,798

The onset of COVID-19 and the anticipated economic slowdown resulted in a $2.9 million write-off of accrued straight-line rent during the year ended December 31, 2020.

Future Minimum Annual Rental Payments Receivable Under Residential and Commercial Leases

As of December 31, 2022, future minimum annual rental payments we are contractually obligated to receive under residential and commercial leases, excluding such extension options, are as follows (in thousands):

2023	$	451,818
2024		94,241
2025		11,781
2026		9,738
2027		8,834
Thereafter		34,888
Total	$	611,300

Minimum Annual Rental Payments Under these Operating Leases

As of December 31, 2022, minimum annual rental payments under these operating leases, reconciled to the lease liability included in accrued liabilities and other in our consolidated balance sheets, are as follows (in thousands):

	Operating Lease Future Minimum Rent
2023	$	7,857
2024		8,053
2025		8,084
2026		8,390
2027		8,344
Thereafter		1,716,754
Total	$	1,757,482
Less: Discount		1,622,955
Total lease liability	$	134,527