Real Estate (Tables)

3 Months Ended

Mar. 31, 2023

Real Estate [Abstract]

Summary of Income from Discontinued Operations

The following is a summary of income from discontinued operations:

	Three months ended March 31,
	2023		2022
REVENUES
Rental revenues	$	—	$	21,648,000
Other revenues		—		56,000
Total revenues		—		21,704,000
EXPENSES
Operating, maintenance and management		—		4,850,000
Real estate and other property-related taxes		—		3,255,000
General and administrative		—		60,000
Depreciation and amortization		—		5,762,000
Total expenses		—		13,927,000
OPERATING INCOME		—		7,777,000
NON-OPERATING INCOME AND EXPENSES
Interest expense, net		—		(1,529,000	)
Total non-operating income and expenses		—		(1,529,000	)
INCOME FROM DISCONTINUED OPERATIONS		—		6,248,000
Impairment charges		—		(510,000	)
TOTAL INCOME FROM DISCONTINUED OPERATIONS	$	—	$	5,738,000