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Subsequent Events
 3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

(14)

Subsequent Events

On April 5, 2021, the Company entered into an office lease agreement (the “Lease”) for approximately 108,849 square feet of office space located at 1540 Broadway, New York, New York for its corporate headquarters.

Under the terms of the Lease, subject to specified exceptions, including an initial 16 month rent abatement period (the “Rent Abatement Period”), the Company will pay an initial annual base rent of (i) $7,619, or $635 per month, for the first 60 months following the Rent Abatement Period, (ii) $8,273, or $689 per month, for months 61 through 120 following the Rent Abatement Period, and (iii) $8,926, or $744 per month, for months 121 through 180 following the Rent Abatement Period. In addition, the Company has agreed to pay its proportionate share of the landlord’s annual operating expenses associated with the premises in excess of certain base year thresholds, calculated as set forth in the Lease.

The term of the Lease will continue until January 1, 2038, subject to specified adjustments.

On May 6, 2021, the Company entered into an amendment to its office lease in Portland, Oregon (the "Amendment") for 8,537 square feet of additional office space in Portland, Oregon. Under the terms of the Amendment, the Company will pay an additional base rent of approximately $23 per month with a 3% annual rental escalation. The term of the Amendment continues until September 30, 2026.