Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Schedule of Projected Impact of Above Market Below Market and In-Place Lease Intangibles

The following table presents the projected impact for the remainder of 2021, the next five years and thereafter related to the net increase to rental revenue from the amortization of the acquired above-market and below-market lease intangibles and the increase to amortization expense of the in-place lease intangibles for properties owned at June 30, 2021 (in thousands):

	Net increase to		Increase to
	rental revenues		amortization expense
Remainder of 2021	$	294	$	669
2022		611		1,300
2023		635		1,189
2024		498		904
2025		147		733
2026		71		603
Thereafter		258		1,106
	$	2,514	$	6,504

Summary of Future Minimum Contractual Lease Payments to be Received

Future minimum contractual lease payments to be received by the Company (without taking into account straight-line rent, amortization of intangibles and tenant reimbursements) as of June 30, 2021, under operating leases for the remainder of 2021, the next five years, and thereafter are as follows (in thousands):

Remainder of 2021	$	25,439
2022		50,217
2023		45,734
2024		39,665
2025		37,093
2026		34,553
Thereafter		52,093
Total	$	284,794