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Lease Revenue
 9 Months Ended
Sep. 30, 2022
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 nine months ended September 30, 2022 and 2021:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Fixed component$6,977 $9,124 $20,854 $28,287 
Variable component593 504 1,456 1,896 
$7,570 $9,628 $22,310 $30,183 
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:
2022$12,927 
20238,729 
20247,985 
20257,687 
20267,632 
Thereafter21,143 
$66,103