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Lease Revenue
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Lease Revenue Lease Revenue
We 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 months ended March 31, 2023 and 2022:
Three Months Ended March 31,
20232022
Fixed component$10,708 $6,996 
Variable component301 485 
$11,009 $7,481 
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$11,050 
20248,819 
20258,496 
20268,177 
20277,965 
Thereafter19,760 
$64,267