Leases (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2022 are approximately as follows:

(in thousands)	September 30, 2022
Remainder of 2022	$	21,492
2023		81,085
2024		79,848
2025		80,288
2026		76,535
2027		73,309
Thereafter		308,044
Total	$	720,601

Components of Lease Revenues

The components of lease revenues for the three and nine months ended September 30, 2022 and 2021 were as follows:

(in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Fixed rental income	$	23,121	$	23,160	$	68,241	$	68,567
Variable rental income		3,008		4,652		12,090		16,921
Total rental income	$	26,129	$	27,812	$	80,331	$	85,488

Information Related to Measurement of Lease Liabilities

The following table sets forth information related to the measurement of our lease liabilities as of September 30, 2022:

	September 30, 2022
Weighted average remaining lease term (in years)		10.4
Weighted average discount rate		6.98	%
Cash paid for operating leases (in thousands)	$	1,311

Original and Holdco Master Lease [Member]

Components of Lease Revenues

Revenues from the Holdco Master Lease, and the Original Master Lease for the three months ended September 30, 2022 and 2021 are as follows (in thousands). No straight line rental income was recorded during these periods.

(in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Fixed rental income	$	—	$	—	$	—	$	—
Variable rental income		—		—		—		4,510
Total rental income	$	—	$	—	$	—	$	4,510