We are the general partner and investment manager of Paramount Group Real Estate Fund VII, LP (“Fund VII”) and its parallel fund, Paramount Group Real Estate Fund VII-H, LP (“Fund VII-H”), our Property Funds. On January 25, 2019, Fund VII and Fund VII-H sold their only remaining asset, 0 Bond Street, a 65,000 square foot creative office building in the NoHo submarket of Manhattan, for $130,500,000.

We are also the general partner and investment manager of Paramount Group Real Estate Fund VIII, LP (“Fund VIII”) and Paramount Group Real Estate Fund X, LP and its parallel fund, Paramount Group Real Estate Fund X-ECI, LP, (collectively “Fund X”), our Alternative Investment Funds, which invest in mortgage and mezzanine loans and preferred equity investments. As of December 31, 2019, Fund VIII has invested $646,738,000 of the $775,200,000 of capital committed and Fund X has invested $78,600,000 of the $192,000,000 of capital committed. As of December 31, 2019, our ownership interest in Fund VIII and Fund X was approximately 1.3% and 7.8%, respectively.

The following tables summarize our investments in these unconsolidated real estate funds as of the dates thereof and the income or loss recognized for the periods set forth below.

	As of December 31,
(Amounts in thousands)	2019		2018
Our Share of Investments:
Property Funds	$	33	$	2,340
Alternative Investment Funds		10,284		8,012
Investments in unconsolidated real estate funds	$	10,317	$	10,352


	For the Year Ended December 31,
(Amounts in thousands)	2019			2018			2017
Our Share of Net Loss:
Net investment income	$	539		$	291		$	236
Net realized loss		(54	)		-			(126	)
Net unrealized loss		(828	)		(560	)		(663	)
Carried interest		-			-			(5,590	)
Loss from unconsolidated real estate funds	$	(343	)	$	(269	)	$	(6,143	)