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RENTALS UNDER OPERATING LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Rental and Other Property Income The Company's property related income from its real estate investments for the years ended December 31, 2022, 2021 and 2020 is comprised of the following:
202220212020
Lease revenue¹$40,018 $32,385 $30,011 
Straight-line revenue(112)537 1,065 
Above- and below-market lease amortization, net1,574 753 760 
Lease incentive amortization(106)(106)(106)
Property related income$41,374 $33,569 $31,730 
1Lease revenue includes $5,242, $5,062 and $4,508 of variable income from tenant reimbursements for the years ended December 31, 2022, 2021 and 2020, respectively.
Schedule Of Future Minimum Rental Payments to be Received
The future minimum rentals to be received, excluding tenant reimbursements, under the non-cancelable portions of all of the Company's in-place commercial leases in effect as of December 31, 2022 are as follows:

Year ended December 31,Future Minimum Rent
2023$22,642 
202421,694 
202520,706 
202618,949 
202713,608 
Thereafter33,532 
$131,131 

The above future minimum rentals exclude the Company’s residential leases, which typically have terms of approximately one year. Such leases accounted for $11,208 of lease revenue for the year ended December 31, 2022.
Schedule of Tenants Representing Greater Than 10% of Gross Rental Revenues
Percentages of property related income by property and tenant representing more than 10% of the Company's total property related income for the years ended December 31, 2022, 2021 and 2020 are shown below.
Percent of property related income
PropertyYear ended December 31, 2022Year ended December 31, 2021Year ended December 31, 2020
The Glenn, Centennial, CO17.8 %— %— %
Providence Square, Marietta, GA11.1 13.5 13.7 
Seattle East Industrial, Redmond, WA10.5 12.9 13.6 
The Flats at Carrs Hill, Athens, GA9.3 10.9 10.8 
Total48.7 %37.3 %38.1 %
Percent of property related income
TenantYear ended December 31, 2022Year ended December 31, 2021Year ended December 31, 2020
FedEx Ground - Seattle East Industrial10.5 %12.9 %13.6 %
Total10.5 %12.9 %13.6 %

The Company's tenants representing more than 10% of in-place annualized base rental revenues as of December 31, 2022, 2021 and 2020 were as follows:
Percent of in-place annualized base rental revenues as of
TenantDecember 31, 2022December 31, 2021December 31, 2020
FedEx Ground - Seattle East Industrial11.1 %11.8 %14.8 %
Northrop Grumman Systems Corporation - Loudoun Gateway9.1 9.3 11.4 
Total20.2 %21.1 %26.2 %