Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.24.3
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Estimated Total Outstanding Commitments
As of September 30, 2024, the Company had the following estimated total outstanding commitments (in thousands):
Total (1)
Tenant improvement allowances $ 54,118 
Reimbursable landlord work (2)
6,551 
Non-reimbursable landlord work (2)
6,219 
Leasing commissions 323 
Total $ 67,211 
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(1)Outstanding commitments do not include rent concessions as such amounts are recorded as a component of straight-line rent receivable, net, in accordance with U.S. GAAP.
(2)Landlord work represents specific improvements agreed to within the lease agreement to be performed by us, as landlord, as a new and non-recurring obligation and in order to induce the tenant to enter into a new lease or lease renewal or extension. Commitments for reimbursable and non-reimbursable landlord work include estimates and are subject to change.