Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Leases Table [Abstract]  
Schedule of lease expense
    Three Months Ended March 31,
Lease cost   2022
Operating lease cost   $ 622  
Variable lease cost(1)     45  
Total rent expense   $ 667  

 

(1) 

 

 Amounts primarily include common area maintenance and utility charges not included in the measurement of right of use assets and operating lease liabilities. 
Schedule of other information
    Three Months Ended March 31,  
Other information   2022  
Operating cash flows from operating leases   $
—  
  
Right of use assets exchanged for new operating lease liabilities   $ 8,784  
Weighted-average remaining lease term – operating leases (years)     6.9  
Weighted-average discount rate – operating leases     6.5 %

Schedule of future minimum operating lease payments
      Ground lease     Office and other leases     Total  
  Nine months ending December 31, 2022     $ 1,412     $ 743     $ 2,155  
  2023       1,935       1,012       2,947  
  2024       1,993       1,001       2,994  
  2025       2,053       908       2,961  
  2026       2,114       822       2,936  
  2027       2,178       839       3,017  
  Thereafter       9,664       6,030       15,694  
  Total undiscounted lease payments       21,349       11,355       32,704  
  Less present value discount       (6,555 )     (4,296 )     (10,851 )
  Present value of lease liabilities     $ 14,794     $ 7,059     $ 21,853