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Real Estate | 3 Months Ended
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Mar. 31, 2022
Real Estate [Abstract] |
Real Estate | Note 4—Real Estate The Company’s real estate assets were comprised of the following ($ in thousands):
​ | ​ | ​ | ​
As of March 31, 2022 |  | ​ |
Land, at cost | ​ | $ | 6,830
Buildings and improvements, at cost | ​ |  | 106,849
Less: accumulated depreciation | ​ |  | (22,245)
Real estate, net | ​ |  | 91,434
Real estate available and held for sale(1) | ​ |  | 301
Total real estate | ​ | $ | 91,735
As of December 31, 2021 | ​ |  |
Land, at cost | ​ | $ | 6,831
Buildings and improvements, at cost | ​ |  | 106,679
Less: accumulated depreciation | ​ |  | (21,360)
Real estate, net | ​ |  | 92,150
Real estate available and held for sale(1) | ​ |  | 301
Total real estate | ​ | $ | 92,451
(1) | As of March 31, 2022 and December 31, 2021, the Company had $0.3 million and $0.3 million, respectively, of residential condominiums available for sale in its operating properties portfolio.
Dispositions—Refer to Note 3 - Net Lease Sale and Discontinued Operations. Tenant Reimbursements—The Company receives reimbursements from tenants for certain facility operating expenses including common area costs, insurance, utilities and real estate taxes. Tenant expense reimbursements were $0.7 million and $0.7 million for the three months ended March 31, 2022 and 2021, respectively. These amounts are included in “Operating lease income” in the Company’s consolidated statements of operations. Allowance for Doubtful Accounts—As of March 31, 2022 and December 31, 2021, the allowance for doubtful accounts related to real estate tenant receivables was $0.1 million and $0.1 million, respectively. These amounts are included in “Accrued interest and operating lease income receivable, net” on the Company’s consolidated balance sheets. Future Minimum Operating Lease Payments—Future minimum operating lease payments to be collected under non-cancelable operating leases, excluding customer reimbursements of expenses, in effect as of March 31, 2022, are as follows by year ($ in thousands):
​ | ​ | ​ | ​
​ |  | Operating
Year | ​ | Properties
2022 (remaining nine months) | ​ | $ | 4,843
2023 | ​ |  | 6,293
2024 | ​ |  | 6,195
2025 | ​ |  | 5,600
2026 | ​ |  | 5,125
Thereafter | ​ |  | 4,361
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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI http://asc.fasb.org/topic&trid=2156125 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI http://asc.fasb.org/topic&trid=2134977 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI http://asc.fasb.org/topic&trid=2134846 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI http://asc.fasb.org/topic&trid=2156429 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI http://asc.fasb.org/topic&trid=2134617 + Details
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