Quarterly report pursuant to Section 13 or 15(d)

TENANT LEASES

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TENANT LEASES
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
TENANT LEASES TENANT LEASES
The Company’s consolidated office properties are leased to tenants under operating leases with various expiration dates through 2043. 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 March 31, 2023 and December 31, 2022 are as follows (dollars in thousands):
Year
As of March 31, 2023
Amount
April 1 through December 31, 2023 $ 10,818
2024 13,904
2025 12,737
2026 10,606
2027 7,531
2028 and thereafter 42,794
Total $ 98,390
Year
As of December 31, 2022
Amount
2023 $ 14,983
2024 13,733
2025 12,389
2026 10,251
2027 7,169
2028 and thereafter 42,188
Total $ 100,713
Multifamily rental property residential leases are excluded from the above table as they generally expire within one year.