Leases (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Future Minimum Rental Receipts excluding Variable Payments and Tenant Reimbursements of Expenses Under Non-cancelable Operating Leases

Future minimum rental receipts, excluding variable payments and tenant reimbursements of expenses, under non-cancelable operating leases executed as of March 31, 2022 are approximately as follows:

(in thousands)	March 31, 2022
Remainder of 2022	$	99,127
2023		92,163
2024		89,293
2025		88,887
2026		84,197
2027		79,968
Thereafter		372,094
Total	$	905,729

Components of Lease Revenues

The components of lease revenues for the three months ended March 31, 2022 and 2021 were as follows:

(in thousands)	Three Months Ended March 31,
	2022		2021
Fixed rental income	$	24,107	$	22,271
Variable rental income		4,271		9,046
Total rental income	$	28,378	$	31,317

Information Related to Measurement of Lease Liabilities

The following table sets forth information related to the measurement of our lease liabilities as of March 31, 2022:

	March 31, 2022
Weighted average remaining lease term (in years)		9.90
Weighted average discount rate		6.98	%
Cash paid for operating leases (in thousands)	$	414

Schedule of Future Sale-Leaseback Financing Obligations

Future sale-leaseback financing obligations as of March 31, 2022 are approximately as follows:

(in thousands)	March 31, 2022
Remainder of 2022	$	1,099
2023		1,486
2024		1,508
2025		1,531
2026		1,554
2027		1,577
Thereafter		32,448
Interest		(20,564	)
Total	$	20,639

Original and Holdco Master Lease [Member]

Components of Lease Revenues

Revenues from the Holdco Master Lease as amended by the Amendment, and the Original Master Lease for the three months ended March 31, 2022 and 2021 are as follows (in thousands). No straight line rental income was recorded during these periods.

(in thousands)	Three Months Ended March 31,
	2022		2021
Fixed rental income	$	—	$	—
Variable rental income		—		4,510
Total rental income	$	—	$	4,510