Summary of Significant Accounting Policies and Procedures and Recent Accounting Pronouncements (Tables)

9 Months Ended

Sep. 30, 2022

Summary of Significant Accounting Policies and Procedures and Recent Accounting Pronouncements

Schedule of tenants in the company's portfolio that represented the largest percentage of total rental revenue for each period presented, including tenant reimbursements

The following table sets forth the five tenants in our portfolio that represented the largest percentage of our total rental revenues for the three and nine months ended September 30, 2022 and 2021, including tenant reimbursements:


	For the Three Months Ended
	September 30, 2022
		Percentage of
	Number of	Rental
	Leases	Revenue
PharmaCann Inc. ("PharmaCann")	11	14	%
SH Parent, Inc. ("Parallel")	4	10	%
Ascend Wellness Holdings, Inc. ("Ascend")	4	10	%
Green Thumb Industries, Inc. ("Green Thumb")	3	8	%
Trulieve Cannabis Corp. ("Trulieve")	6	7	%


	For the Nine Months Ended
	September 30, 2022
		Percentage of
	Number of	Rental
	Leases	Revenue
PharmaCann	11	14	%
Parallel	4	10	%
Ascend	4	9	%
Kings Garden⁽¹⁾	6	7	%
Trulieve	6	7	%


	For the Three Months Ended
	September 30, 2021
		Percentage of
	Number of	Rental
	Leases	Revenue
Parallel	4	12	%
PharmaCann	5	12	%
Kings Garden⁽¹⁾	5	8	%
Ascend	3	8	%
Green Thumb	3	7	%


	For the Nine Months Ended
	September 30, 2021
		Percentage of
	Number of	Rental
	Leases	Revenue
PharmaCann	5	13	%
Parallel	4	10	%
Ascend	3	9	%
Cresco Labs Inc.	5	8	%
Kings Garden⁽¹⁾	5	7	%

(1)On July 13, 2022, Kings Garden defaulted on its obligations to pay rent at all of the properties it leases with us, and pursuant to a confidential, conditional settlement agreement executed on September 11, 2022 between us and Kings Garden, we terminated the leases for two properties that were in development or redevelopment as of September 30, 2022 and regained possession of those properties. We have recovered $10.0 million of funds paid to Kings Garden. See Note 11 “Commitments and Contingencies — Litigation — Kings Garden Lawsuit” to our condensed consolidated financial statements for more information.

In each of the tables above, these leases include leases with affiliates of each entity, for which the entity has provided a corporate guaranty.