Annual report pursuant to Section 13 and 15(d)

VEREIT Office Assets, Real Estate Investments and Related Intangibles - Intangible Lease Assets and Liabilities (Details)

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VEREIT Office Assets, Real Estate Investments and Related Intangibles - Intangible Lease Assets and Liabilities (Details) - USD ($)
$ in Thousands
 10 Months Ended 12 Months Ended
Oct. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Intangible lease assets:        
Intangible lease assets, net   $ 298,107 $ 28,680  
Intangible lease liabilities:        
Weighted-Average Useful Life (Years)   7 years 6 months    
Lease intangible liabilities, net   $ 20,609 7,221  
Below market-leases accumulated amortization   $ 14,459 13,482  
In-place leases        
Intangible lease assets:        
Weighted-Average Useful Life (Years)   4 years 9 months 18 days    
Intangible lease assets, net   $ 272,743 25,800  
Accumulated amortization   $ 65,247 71,633  
Leasing commissions        
Intangible lease assets:        
Weighted-Average Useful Life (Years)   13 years 4 months 24 days    
Intangible lease assets, net   $ 10,349 0  
Accumulated amortization   $ 456 456  
Above-market lease assets and deferred lease incentives        
Intangible lease assets:        
Weighted-Average Useful Life (Years)   5 years    
Intangible lease assets, net   $ 15,015 2,880  
Accumulated amortization   6,239 7,166  
Above‑ and below-market leases and deferred lease incentives        
Intangible lease liabilities:        
Amortization expense   1,000 800 $ 900
In-place leases, leasing commissions and other lease intangibles        
Intangible lease liabilities:        
Amortization expense   $ 23,100 7,900 8,700
VEREIT Office Assets        
Intangible lease assets:        
Intangible lease assets, net $ 44,484   57,013  
Intangible lease liabilities:        
Weighted-Average Useful Life (Years) 10 years 3 months 18 days      
Lease intangible liabilities, net $ 5,308   7,188  
Below market-leases accumulated amortization 18,504   17,553  
Amortization expense $ 29   67 (231)
VEREIT Office Assets | In-place leases        
Intangible lease assets:        
Weighted-Average Useful Life (Years) 10 years 1 month 6 days      
Intangible lease assets, net $ 29,091   40,622  
Accumulated amortization $ 119,604   118,093  
VEREIT Office Assets | Leasing commissions        
Intangible lease assets:        
Weighted-Average Useful Life (Years) 9 years 1 month 6 days      
Intangible lease assets, net $ 8,744   7,974  
Accumulated amortization $ 5,679   4,211  
VEREIT Office Assets | Above-market lease assets and deferred lease incentives        
Intangible lease assets:        
Weighted-Average Useful Life (Years) 9 years 9 months 18 days      
Intangible lease assets, net $ 6,649   8,417  
Accumulated amortization 14,793   12,974  
VEREIT Office Assets | Above‑ and below-market leases and deferred lease incentives        
Intangible lease liabilities:        
Amortization expense 29   67 231
VEREIT Office Assets | In-place leases, leasing commissions and other lease intangibles        
Intangible lease liabilities:        
Amortization expense $ 13,000   $ 17,800 $ 19,200