Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2024:

(In thousands)	Future Base Rent Payments (1)
2025	$	3,751
2026	3,895
2027	3,976
2028	4,002
2029	4,023
Thereafter	73,990
Total minimum lease payments (2)	93,637
Less: Effects of discounting	(45,304)
Total present value of lease payments	$	48,333

(1) Assumes exchange rates of £1.00 to $1.25 for GBP and €1.00 to $1.04 for EUR as of December 31, 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.