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Commitments and Contingencies (Tables) | 3 Months Ended
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Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Future Minimum Lease Obligations Under Non-cancelable Operating Leases | Lease Commitments—Future minimum lease obligations under non-cancelable operating leases as of March 31, 2023 are as follows ($ in thousands):(1)
​ | ​ | ​ | ​
2023 (remaining nine months) | ​ | $ | 4,319
2024 | ​ |  | 5,692
2025 | ​ |  | 5,680
2026 | ​ |  | —
2027 | ​ |  | —
Thereafter | ​ |  | —
Total undiscounted cash flows | ​ |  | 15,691
Present value discount(1) | ​ |  | (1,491)
Other adjustments(2) | ​ |  | 5,436
Lease liabilities | ​ | $ | 19,636
(1) | The lease liability equals the present value of the minimum rental payments due under the lease discounted at the rate implicit in the lease or the Company’s incremental secured borrowing rate for similar collateral. For operating leases, lease liabilities were discounted at the Company’s weighted average incremental secured borrowing rate for similar collateral estimated to be 5.8% and the weighted average remaining lease term is 3.4 years. The Company assumed its operating leases from iStar in connection with the Merger and therefore did not directly make any payments under its operating leases for the three months ended March 31, 2023 and 2022.
(2) | Other adjustments relates to a property that is majority-owned by a third party and is ground leased to the Company. The Company is obligated to pay the owner of the property $0.4 million, subject to adjustment for changes in the CPI, per year through 2044; however, the Company’s Ground Lease tenant at the property pays this expense directly under the terms of a master lease.

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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