Quarterly report pursuant to Section 13 or 15(d)

VEREIT OFFICE ASSETS, COMBINED AND CONSOLIDATED BALANCE SHEETS

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VEREIT OFFICE ASSETS, COMBINED AND CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Real estate investments, at cost:    
Cash and cash equivalents $ 1  
Total assets 1  
VEREIT Office Assets    
Real estate investments, at cost:    
Land 163,295 $ 167,658
Buildings, fixtures and improvements 1,302,490 1,340,258
Intangible lease assets 184,560 192,291
Total real estate investments, at cost 1,650,345 1,700,207
Less: accumulated depreciation and amortization 523,277 504,192
Total real estate investments, net 1,127,068 1,196,015
Operating lease right-of-use assets 5,365 5,403
Investment in unconsolidated joint venture 14,588 13,434
Cash and cash equivalents 176 400
Restricted cash 3,370 3,014
Rent and tenant receivables and other assets, net 34,339 34,964
Goodwill 159,129 159,129
Total assets 1,344,035 1,412,359
LIABILITIES AND EQUITY    
Mortgage notes payable, net 143,269 217,588
Below-market lease liabilities, net 5,477 7,188
Accounts payable and accrued expenses 10,286 12,632
Deferred rent and other liabilities 8,702 8,114
Operating lease liabilities 5,365 5,403
Total liabilities 173,099 250,925
Commitments and contingencies (Note 4)
Net parent investment 1,169,789 1,160,246
Non-controlling interest 1,147 1,188
Total equity 1,170,936 1,161,434
Total liabilities and equity $ 1,344,035 $ 1,412,359