Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Base Cash Rental Payments

The following table reflects the base cash rental payments due from the Company as of June 30, 2024:

(In thousands)	Future Base Rent Payments (1)
2024 (remainder)	$	2,124
2025	3,800
2026	3,943
2027	4,025
2028	4,051
Thereafter	79,777
Total minimum lease payments (2)	97,720
Less: Effects of discounting	(48,145)
Total present value of lease payments	$	49,575

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(1)Assumes exchange rates of £1.00 to $1.26 for GBP and €1.00 to $1.07 for EUR as of June 30, 2024 for illustrative purposes, as applicable.

(2)Ground lease rental payments due for the Company’s ING Amsterdam lease are not included in the table above as the Company’s ground rent for this property is prepaid through 2050.