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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Components of Operating Lease Income from Industrial Property

The following table details the components of operating lease income from the Company's industrial property ($ in thousands). The leases at the Company’s multifamily properties are short term, generally 12 months or less, and are therefore not included.

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Fixed lease payments

 

$

223

 

 

$

 

 

$

443

 

 

$

 

Total fixed lease payments

 

$

223

 

 

$

 

 

$

443

 

 

$

 

 

Schedule of Future Minimum Rents Expects to Recieve from Industrial Property

The following table presents the future minimum rents the Company expects to receive from its industrial property as of June 30, 2023 ($ in thousands). The leases at the Company’s multifamily properties are short term, generally 12 months or less, and are therefore not included.

Year

 

June 30, 2023

 

2023 (remainder)

 

$

448

 

2024

 

 

906

 

2025

 

 

922

 

2026

 

 

938

 

2027

 

 

954

 

Thereafter

 

 

10,799

 

Total

 

$

14,967