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Lease Revenue
 9 Months Ended
Sep. 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 include 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, 2023 and 2022:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Fixed component$11,338 $6,977 $32,968 $20,854 
Variable component500 593 1,268 1,456 
$11,838 $7,570 $34,236 $22,310 
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$9,747 
202410,823 
202510,358 
202610,056 
20279,787 
Thereafter22,444 
$73,215