Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS

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DISCONTINUED OPERATIONS
9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS
The Company's sale of its former Office Portfolio represented a strategic shift in the Company’s operations. As such, the results of these sold properties are classified as discontinued operations for all periods presented.
The following table summarizes income from discontinued operations and the related realized gains (losses) and unrealized losses on disposition of rental property and impairments, net, for the three and nine months ended September 30, 2024 and 2023 (dollars in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024 2023 2024 2023
Total Revenues $ (11) $ 7,432 $ 2,711 $ 35,648
Operating and other expenses, net 217  (5,445) (428) (23,114)
Depreciation and amortization —  (1,926) (668) (11,021)
Interest Expense —  —  —  (822)
Equity in earnings of unconsolidated joint ventures —  —  262  — 
Income from discontinued operations 206 61 1,877 691
Realized gain (loss) on disposition of rental property 423 1,548 (2,286)
Realized gain (loss), net 423 1,548 (2,286)
Total discontinued operations, net $ 206 $ 484 $ 3,425 $ (1,595)