Leases (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Future Minimum Rental Receipts excluding Variable Payments and Tenant Reimbursements of Expenses Under Non-cancelable Operating Leases

Future minimum rental receipts, excluding variable payments and tenant reimbursements of expenses, under non-cancelable operating leases executed as of June 30, 2022 are approximately as follows:

(in thousands)	June 30, 2022
Remainder of 2022	$	43,779
2023		84,576
2024		81,785
2025		81,869
2026		78,034
2027		75,329
Thereafter		304,450
Total	$	749,822

Components of Lease Revenues

The components of lease revenues for the three and six months ended June 30, 2022 and 2021 were as follows:

(in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Fixed rental income	$	21,341	$	23,135	$	45,119	$	45,407
Variable rental income		4,482		3,222		9,083		12,268
Total rental income	$	25,823	$	26,357	$	54,202	$	57,675

Information Related to Measurement of Lease Liabilities

The following table sets forth information related to the measurement of our lease liabilities as of June 30, 2022:

	June 30, 2022
Weighted average remaining lease term (in years)		9.65
Weighted average discount rate		6.98	%
Cash paid for operating leases (in thousands)	$	847

Schedule of Future Sale-Leaseback Financing Obligations

Future sale-leaseback financing obligations as of June 30, 2022 are approximately as follows:

(in thousands)	June 30, 2022
Remainder of 2022	$	734
2023		1,486
2024		1,508
2025		1,531
2026		1,554
2027		1,577
Thereafter		32,445
Interest		(20,183	)
Total	$	20,652

Subsequent to June 30, 2022, the Company repurchased the property and concurrently sold it to another buyer, thus terminating the sales-leaseback financing obligation.

Original and Holdco Master Lease [Member]

Components of Lease Revenues

Revenues from the Holdco Master Lease as amended by the Amendment, and the Original Master Lease for the three months ended June 30, 2022 and 2021 are as follows (in thousands). No straight line rental income was recorded during these periods.

(in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Fixed rental income	$	—	$	—	$	—	$	—
Variable rental income		—		—		—		4,510
Total rental income	$	—	$	—	$	—	$	4,510