Real Estate Properties

9 Months Ended

Sep. 30, 2023

Real Estate [Abstract]

Real Estate Properties

Real Estate Properties

During the nine months ended September 30, 2023 and 2022, we made improvements, excluding tenant-funded improvements, to our properties totaling $5.5 million and $2.9 million, respectively.

Property Dispositions:

We did not sell any properties during the nine months ended September 30, 2023 or 2022.

Lease Payments

Rental revenue consists of the following (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Lease payments	$	9,115	$	9,381	$	26,878	$	28,792
Variable lease payments	4,813		4,488		14,634		15,343
Rental revenue	$	13,928	$	13,869	$	41,512	$	44,135