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TENANT LEASES
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
TENANT LEASES TENANT LEASES
The Company’s consolidated office property is leased to tenants under operating leases with various expiration dates through 2034. Substantially all of the commercial leases provide for annual base rents plus recoveries and escalation charges based upon the tenant’s proportionate share of and/or increases in real estate taxes and certain operating costs, as defined, and the pass-through of charges for electrical usage.
Future minimum rentals to be received under non-cancelable commercial operating leases (excluding properties classified as discontinued operations) at December 31, 2023 and 2022 are as follows (dollars in thousands):
As of December 31, 2023
YearAmount
2024$12,231 
202510,952 
20268,822 
20275,748 
20282,113 
2029 and thereafter 5,706 
Total$45,572
As of December 31, 2022
YearAmount
2023$14,798
202412,231
202510,952
20268,822
20275,748
2028 and thereafter 7,819
Total$60,370
Multifamily rental property residential leases are excluded from the above table as they generally expire within one year.