LEASES (Tables)

9 Months Ended

Sep. 30, 2022

LEASES

Schedule of lease Income related to the Company's operating leases

Lease income related to the Company’s operating leases is comprised of the following:

	Three months ended September 30, 2022
	Residential		Commercial		Total
	(in thousands)
Lease income related to fixed lease payments	$	27,993	$	4,057	$	32,050
Lease income related to variable lease payments		—		1,113		1,113
Other (a)		(150)		113		(37)
Lease Income (b)	$	27,843	$	5,283	$	33,126

	Three months ended September 30, 2021
	Residential		Commercial		Total
	(in thousands)
Lease income related to fixed lease payments	$	26,748	$	3,879	$	30,627
Lease income related to variable lease payments		—		1,130		1,130
Other (a)		(35)		174		139
Lease Income (b)	$	26,713	$	5,183	$	31,896

(a) For the three months ended September 30, 2022 and 2021, “Other” is comprised of revenue adjustments related to changes in collectability and amortization of above and below market lease intangibles and lease inducements.

(b) Excludes other rental income for the three months ended September 30, 2022 and 2021 of $1,405 and $1,157, respectively, which is accounted for under the revenue recognition standard.

	Nine months ended September 30, 2022
	Residential		Commercial		Total
	(in thousands)
Lease income related to fixed lease payments	$	81,928	$	12,240	$	94,168
Lease income related to variable lease payments		—		3,401		3,401
Other (a)		(513)		277		(236)
Lease Income (b)	$	81,415	$	15,918	$	97,333

	Nine months ended September 30, 2021
	Residential		Commercial		Total
	(in thousands)
Lease income related to fixed lease payments	$	76,722	$	12,531	$	89,253
Lease income related to variable lease payments		—		3,424		3,424
Other (c)		(212)		432		220
Lease Income (d)	$	76,510	$	16,387	$	92,897

(a) For the nine months ended September 30, 2022 and 2021, “Other” is comprised of revenue adjustments related to changes in collectability and amortization of above and below market lease intangibles and lease inducements.

(b) Excludes other rental income for the nine months ended September 30, 2022 and 2021 of $3,931 and $3,839, respectively, which is accounted for under the revenue recognition standard.

Schedule of future minimum rental income

Years ending December 31,	Amount
	(in thousands)
2022 (October 1, 2022- December 31, 2022)	$	3,897
2023		15,738
2024		15,060
2025		14,789
2026		13,541
Thereafter		57,397
	$	120,422