We are 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. Fund VIII’s investment period ended in April 2020. As of December 31, 2020, Fund X has invested $78,791,000 of the $192,000,000 of capital committed. Our ownership interest in Fund VIII and Fund X was approximately 1.3% and 7.8%, respectively.

We are also 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.

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)	2020		2019
Our Share of Investments:
Alternative Investment Funds	$	12,878	$	10,284
Property Funds		39		33
Investments in unconsolidated real estate funds	$	12,917	$	10,317


	For the Year Ended December 31,
(Amounts in thousands)	2020			2019			2018
Our Share of Net Income (Loss):
Net investment income	$	626		$	539		$	291
Net realized loss		(2	)		(54	)		-
Net unrealized loss		(352	)		(828	)		(560	)
Income (loss) from unconsolidated real estate funds	$	272		$	(343	)	$	(269	)