Quarterly report pursuant to Section 13 or 15(d)

Orion Office REIT, Receivables and Other Assets

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Orion Office REIT, Receivables and Other Assets
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Receivables and Other Assets
Note 4 – Receivables and Other Assets:
Accounts receivable, net consisted of the following as of September 30, 2022 and December 31, 2021 (in thousands):
September 30, 2022 December 31, 2021
Accounts receivable, net $ 11,567  $ 10,194 
Straight-line rent receivable, net 10,356  7,722 
Total $ 21,923  $ 17,916 

Other assets, net consisted of the following as of September 30, 2022 and December 31, 2021 (in thousands):
September 30, 2022 December 31, 2021
Restricted cash $ 35,145  $ — 
Right-of-use assets, net (1)
 25,567  30,958 
Investment in unconsolidated entity 16,544  18,631 
Derivative assets 7,057  299 
Deferred costs, net (2)
4,616  6,246 
Prepaid expenses 2,058  3,730 
Other assets, net 645  637 
Total $ 91,632  $ 60,501 
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(1)Amortization expense for below market right-of-use asset was less than $0.1 million for the three and nine months ended September 30, 2022. There was no amortization expense for below market right-of-use asset for the three and nine months ended September 30, 2021. Includes right-of-use finance leases of $9.0 million, right-of-use operating leases of $9.6 million, and a below-market right-of-use asset of $7.1 million, net of $0.2 million in accumulated amortization as of September 30, 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.
(2)Amortization expense for deferred costs related to the revolving credit facility totaled $0.5 million and $1.6 million for the three and nine months ended September 30, 2022, respectively, as compared to no amortization expense for deferred costs for the three and nine months ended September 30, 2021. Accumulated amortization for deferred costs related to the revolving credit facility was $1.9 million and $0.3 million as of September 30, 2022 and December 31, 2021, respectively.