Quarterly report pursuant to Section 13 or 15(d)

Orion Office REIT, Receivables and Other Assets (Tables)

v3.22.1
Orion Office REIT, Receivables and Other Assets (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Schedule of Accounts Receivables, Net
Accounts receivable, net consisted of the following as of March 31, 2022 and December 31, 2021 (in thousands):
March 31, 2022 December 31, 2021
Accounts receivable, net 13,271  10,194 
Straight-line rent receivable, net $ 8,761  $ 7,722 
Total $ 22,032  $ 17,916 
Schedule of Other Assets, Net
Other assets, net consisted of the following as of March 31, 2022 and December 31, 2021 (in thousands):
March 31, 2022 December 31, 2021
Restricted cash 35,483  — 
Right-of-use assets, net (2)
 26,023  30,958 
Investment in unconsolidated entity 17,953  18,631 
Deferred costs, net (1)
5,709  6,246 
Prepaid expenses 2,813  3,730 
Other assets, net 4,690  936 
Total $ 92,671  $ 60,501 
_______________________________________________
(1)Amortization expense for deferred costs related to the revolving credit facility totaled $0.5 million for the three months ended March 31, 2022 as compared to no deferred costs for the three months ended March 31, 2021. Accumulated amortization for deferred costs related to the revolving credit facility was $0.8 million and $0.3 million as of March 31, 2022 and December 31, 2021, respectively.
(2)Amortization expense for below market right-of-use asset was less than $0.1 million for the three months ended March 31, 2022. There was no amortization expense for below market right-of-use asset for the three months ended March 31, 2021. Includes right-of-use finance leases of $9.0 million, right-of-use operating leases of $10.0 million, and a below-market right-of-use asset of $7.1 million, net of less than $0.1 million in accumulated amortization as of March 31, 2022. Includes right-of-use finance leases of $13.8 million, right-of-use operating leases of $10.2 million, and a below-market right-of-use asset of $7.1 million, net of less than $0.1 million in accumulated amortization as of December 31, 2021.