Real Estate (Tables)

9 Months Ended

Sep. 30, 2023

Real Estate [Abstract]

Summary of income from discontinued operations

The following is a summary of income from discontinued operations:

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
REVENUES
Rental revenues	$	—	$	1,340,000	$	—	$	44,130,000
Other revenues	—		26,000		—		184,000
Total revenues	—		1,366,000		—		44,314,000
EXPENSES
Operating, maintenance and management	—		321,000		—		9,557,000
Real estate and other property-related taxes	—		216,000		—		6,750,000
Corporate general and administrative	—		—		—		468,000
Depreciation and amortization	—		—		—		9,726,000
Total expenses	—		537,000		—		26,501,000
OPERATING INCOME	—		829,000		—		17,813,000
NON-OPERATING INCOME AND EXPENSES
Interest expense, net	—		(473,000)		—		(3,511,000)
Total non-operating income and expenses	—		(473,000)		—		(3,511,000)
INCOME FROM DISCONTINUED OPERATIONS	—		356,000		—		14,302,000
Impairment charges	—		—		—		(16,629,000)
Gain on sales	—		125,500,000		—		125,500,000
TOTAL INCOME FROM DISCONTINUED OPERATIONS	$	—	$	125,856,000	$	—	$	123,173,000