We are the general partner and investment manager of Paramount Group Real Estate Fund X, LP (“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 nine months ended September 30, 2025 and 2024.


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
(Amounts in thousands)	2025			2024			2025			2024
Net investment (loss) income	$	(18	)	$	(22	)	$	(67	)	$	683
Net unrealized losses		-			-			-			(775	)
Loss from real estate related fund investments		(18	)		(22	)		(67	)		(92	)
Less: noncontrolling interests in consolidated real estate related funds		15			19			58			93
(Loss) income from real estate related fund investments attributable to Paramount Group, Inc.	$	(3	)	$	(3	)	$	(9	)	$	1

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 6, Investments in Unconsolidated Joint Ventures.