The majority of the Company’s revenues are earned through the lease of space at its properties. All the Company's leases with tenants for the use of space at its properties are classified as operating leases. Rental revenues include minimum rent, percentage rent, other rents and reimbursements from tenants for real estate taxes, insurance, common area maintenance ("CAM") and other operating expenses as provided in the lease agreements. The option to extend or terminate the Company’s leases is specific to each underlying tenant lease agreement. Typically, the Company's leases contain penalties for early termination. The Company doesn't have any leases that convey the right for the lessee to purchase the leased asset.

Minimum rental revenue from operating leases is recognized on a straight-line basis over the initial terms of the related leases. Certain tenants are required to pay percentage rent if their sales volumes exceed thresholds specified in their lease agreements. Percentage rent is recognized as revenue when the thresholds are achieved and the amounts become determinable.

The Company receives reimbursements from tenants for real estate taxes, insurance, CAM and other recoverable operating expenses as provided in the lease agreements. Any tenant reimbursements that require fixed payments are recognized on a straight-line basis over the initial terms of the related leases, whereas any variable payments are recognized when earned in accordance with the tenant lease agreements. Tenant reimbursements related to certain capital expenditures are billed to tenants over periods of 5 to 15 years.

	Successor		Predecessor
	Period from November 1, through December 31,		Period from January 1, through October 31,		Year Ended December 31,
	2021		2021		2020		2019
Fixed lease payments	$	75,740	$	271,221	$	459,958	$	607,259
Variable lease payments		27,512		179,701		94,106		129,619
Total rental revenues	$	103,252	$	450,922	$	554,064	$	736,878

The undiscounted future fixed lease payments to be received under the Company's operating leases as of December 31, 2021, are as follows:

Years Ending December 31,	Operating Leases
2022	$	343,443
2023		294,118
2024		236,667
2025		182,554
2026		133,875
Thereafter		301,293
Total undiscounted lease payments	$	1,491,950

The Company is a lessee under ground leases that range in maturity from 2044 to 2089 and generally provide for renewal options from five to ten years. The Company included the renewal options in its lease terms for purposes of calculating its lease liability and ROU asset because it has no plans to cease operating its assets associated with each ground lease. The ground leases relate to properties where the Company owns the buildings and improvements but leases the underlying land. The lease payments on the majority of the ground leases are fixed, but in the instances where they are variable, they are either based on the CPI index or a percentage of sales. As of December 31, 2021, these leases have a weighted-average remaining lease term of 41 years and a weighted-average discount rate of approximately 12%.

The Company's ROU asset and lease liability are presented in the consolidated balance sheets within intangible lease assets and other assets and accounts payable and accrued liabilities, respectively. A summary of the Company's ROU asset and lease liability activity during the year ended December 31, 2021 and 2020 is presented below:

	ROU Asset			Lease Liability
Balance as of November 1, 2021 (Successor)	$	2,975		$	2,975
Cash reduction		(58	)		(58	)
Noncash increase		53			59
Balance as of December 31, 2021 (Successor)	$	2,970		$	2,976

	ROU Asset			Lease Liability
Balance as of January 1, 2020 (Predecessor)	$	3,804		$	3,837
Cash reduction		(373	)		(373	)
Noncash decrease		(128	)		(134	)
Balance as of December 31, 2020 (Predecessor)	$	3,303		$	3,330

	Successor		Predecessor
	Period from November 1, through December 31,		Period from January 1, through October 31,		Year Ended December 31,
	2021		2021		2020		2019
Lease expense:
Operating lease expense	$	47	$	448	$	462	$	547
Variable lease expense		14		246		223		348
Total lease expense	$	61	$	694	$	685	$	895

The undiscounted future lease payments to be paid under the Company's operating leases as of December 31, 2021, are as follows:

Year Ending December 31,	Operating Leases
2022	$	351
2023		351
2024		351
2025		353
2026		361
Thereafter		14,302
Total undiscounted lease payments		16,069
Less imputed interest		(13,093	)
Lease liability	$	2,976