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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Future Scheduled Lease Income for Operating Leases
The aggregate amount of future scheduled lease income on commercial operating leases, excluding any variable lease income and non-lease components, as of December 31, 2023, was as follows:
(in thousands)
2024$1,824 
20251,769 
20261,608 
20271,318 
2028929 
Thereafter5,366 
Total scheduled lease income - operating leases$12,814 
Schedule of Disaggregation of Revenue
The following table presents the disaggregation of revenue streams for the years ended December 31, 2023, 2022, and 2021:
(in thousands)
Year ended December 31,
Revenue StreamApplicable Standard202320222021
Fixed lease income - operating leasesLeases$243,931 $240,031 $189,452 
Variable lease income - operating leasesLeases12,433 10,754 8,565 
Other property revenueRevenue from contracts with customers4,945 5,931 3,688 
Total revenue$261,309 $256,716 $201,705 
Summary of Federal Income Tax Distributions
The following table indicates how distributions were characterized for federal income tax purposes for the years ended December 31, 2023, 2022, and 2021:
CALENDAR YEAR 202320222021
Tax status of distributions
Capital gain48.79 %— 0.92 %
Ordinary income28.46 %13.42 %7.82 %
Return of capital22.75 %86.58 %91.26 %
Schedule of Other Assets
As of December 31, 2023 and 2022, other assets consisted of the following amounts:
in thousands
December 31, 2023December 31, 2022
Receivable arising from straight line rents$347 $556 
Accounts receivable, net of allowance
267 217 
Real estate related notes receivable7,039 5,871 
Prepaid assets7,828 6,520 
Other assets(1)
5,294 1,954 
Intangible assets, net of accumulated amortization
2,723 2,112 
Property and equipment, net of accumulated depreciation
2,798 3,120 
Goodwill491 866 
Deferred charges and leasing costs862 1,471 
Total Other Assets$27,649 $22,687 
(1)See Involuntary Conversion of Assets discussion below for additional information on insurance receivable included here.