Real estate related fund investments on our consolidated balance sheets represent the investments of Paramount Group Real Estate Fund X, LP (“Fund X”), which invests in mezzanine loans. We are the general partner and investment manager of Fund X and own a 13.0% interest in the fund. The following table sets forth the details of income or loss from real estate related fund investments for the three and six months ended June 30, 2024 and 2023.


	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
(Amounts in thousands)	2024			2023			2024			2023
Net investment (loss) income	$	(27	)	$	3,048		$	705		$	7,709
Net realized losses		-			(1,224	)		-			(1,224	)
Net unrealized losses		-			(44,468	)		(775	)		(45,579	)
Loss from real estate related fund investments		(27	)		(42,644	)		(70	)		(39,094	)
Less: noncontrolling interests in consolidated real estate related funds		24			37,390			74			34,573
(Loss) income from real estate related fund investments attributable to Paramount Group, Inc.	$	(3	)	$	(5,254	)	$	4		$	(4,521	)

We are also the general partner of RDF in which we own a 7.4% interest. RDF owns a 35.0% interest in One Steuart Lane, a for-sale residential condominium project, in San Francisco, California. We consolidate the financial results of RDF into our consolidated financial statements and reflect the 92.6% interest that we do not own as noncontrolling interests in consolidated real estate related funds. RDF accounts for its 35.0% interest in One Steuart Lane under the equity method of accounting. Accordingly, our economic interest in One Steuart Lane (based on our 7.4% ownership interest in RDF) is 2.6%. See Note 5, Investments in Unconsolidated Joint Ventures.