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Lease Revenue
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Lease Revenue Lease RevenueWe lease our multifamily properties and commercial properties under agreements that are classified as operating leases. Our multifamily property leases generally includes minimum rents and charges for ancillary services. Our commercial property leases generally included minimum rents and recoveries for property taxes and common area maintenance. Minimum rental revenues are recognized on a straight-line basis over the terms of the related leases.
The following table summarizes the components of our rental revenue for the three and nine months ended September 30, 2021 and 2020:
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Fixed component$9,124 $11,107 $28,287 $33,111 
Variable component504 347 1,896 1,350 
$9,628 $11,454 $30,183 $34,461 
The following table summarizes the future rental payments that are payable to us from non-cancelable leases. The table excludes multifamily leases, which typically have a term of one-year or less:
2021$3,794 
202213,431 
20239,188 
20245,674 
20255,261 
Thereafter26,499 
$63,847