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Lease Revenue
 6 Months Ended
Jun. 30, 2023
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 include 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 six months ended June 30, 2023 and 2022:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Fixed component$10,922 $6,881 $21,630 $13,877 
Variable component467 378 768 863 
$11,389 $7,259 $22,398 $14,740 
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:
2023$10,303 
20248,795 
20258,376 
20268,024 
20277,776 
Thereafter17,387 
$60,661