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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The following tables reconcile the segment activity to consolidated net loss for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30, 2022Three Months Ended June 30, 2021
(In thousands)Single-Tenant PropertiesMulti-Tenant PropertiesConsolidatedSingle-Tenant PropertiesMulti-Tenant PropertiesConsolidated
Revenue from tenants$55,886 $61,043 $116,929 $51,653 $29,924 $81,577 
Property operating expense4,049 23,471 27,520 2,522 10,807 13,329 
NOI$51,837 $37,572 89,409 $49,131 $19,117 68,248 
Asset management fees to related party(8,296)(7,922)
Impairment of real estate investments(58,954)(91)
Acquisition, transaction and other costs(206)(136)
Equity-based compensation(3,523)(5,283)
General and administrative(8,390)(3,540)
Depreciation and amortization(46,573)(32,428)
Gain on sale of real estate investments13,438 11 
Interest expense(28,329)(20,361)
Other income944 20 
Net loss attributable to non-controlling interests58 2 
Allocation for preferred stock(5,837)(5,925)
Net loss attributable to common stockholders$(56,259)$(7,405)

Six Months Ended June 30, 2022Six Months Ended June 30, 2021
(In thousands)Single-Tenant PropertiesMulti-Tenant PropertiesConsolidatedSingle-Tenant PropertiesMulti-Tenant PropertiesConsolidated
Revenue from tenants$109,169 $102,703 $211,872 $102,309 $58,455 $160,764 
Property operating expense7,974 38,685 46,659 5,115 21,653 26,768 
NOI$101,195 $64,018 165,213 $97,194 $36,802 133,996 
Asset management fees to related party(16,122)(15,243)
Impairment of real estate investments(64,896)(91)
Acquisition, transaction and other costs(485)(178)
Equity-based compensation(7,021)(9,630)
General and administrative(15,223)(9,989)
Depreciation and amortization(84,261)(64,747)
Gain on sale of real estate investments67,007 297 
Interest expense(52,069)(39,695)
Other income962 44 
Gain on non-designated derivatives2,250 — 
Net (income) loss attributable to non-controlling interests(6)8 
Allocation for preferred stock(11,674)(11,588)
Net loss attributable to common stockholders$(16,325)$(16,816)
Schedule of Reconciliation of Assets from Segment to Consolidated
The following table reconciles the segment activity to consolidated total assets as of the periods presented:

(In thousands)June 30, 2022December 31, 2021
ASSETS
Investments in real estate, net:
Single-tenant properties$1,942,458 $1,973,743 
Multi-tenant properties2,428,572 1,233,030 
Total investments in real estate, net4,371,030 3,206,773 
Cash and cash equivalents69,431 214,853 
Restricted cash17,619 21,996 
Deposits for real estate investments16,250 41,928 
Deferred costs, net19,565 25,587 
Straight-line rent receivable65,307 70,789 
Operating lease right-of-use assets17,946 18,194 
Prepaid expenses and other assets33,666 26,877 
Assets held for sale80,779 187,213 
Total assets$4,691,593 $3,814,210 
Schedule of Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
The following table reconciles capital expenditures by reportable business segment, excluding corporate non-real estate expenditures, for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2022202120222021
Single-tenant properties$467 $14 $675 $1,881 
Multi-tenant properties1,295 4,378 4,544 4,930 
Total capital expenditures$1,762 $4,392 $5,219 $6,811