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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Reconciliation of Preferred OP Units The following table presents a rollforward of the AIR Operating Partnership’s preferred OP Units (in thousands):

Balance at December 31, 2020

 

$

79,449

 

Preferred distributions

 

 

(3,207

)

Redemption of preferred units

 

 

(74

)

Net income

 

 

3,207

 

Balance at June 30, 2021

 

$

79,375

 
Lease Income for Operating Leases Our total lease income, included in continuing operations, was comprised of the following amounts for all operating leases (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Fixed lease income

 

$

165,044

 

 

$

171,054

 

 

$

329,012

 

 

$

349,081

 

Variable lease income

 

 

11,177

 

 

 

10,280

 

 

 

21,636

 

 

 

20,834

 

Straight-line rent write-off (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,850

)

   Total lease income

 

$

176,221

 

 

$

181,334

 

 

$

350,648

 

 

$

367,065

 

 

(1)
We monitor the collectability of all unpaid rent amounts. 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 six months ended June 30, 2020.