For the three months ended March 31, 2025 and 2024, the business management fees, property management fees and construction supervision fees and expense reimbursements recognized in our condensed consolidated financial statements were as follows:


	Financial Statement	Three Months Ended March 31,
	Line Item	2025		2024
Pursuant to business management agreement:
Business management fees (1)	General and administrative expenses	$	3,115	$	3,558

Pursuant to property management agreement:
Property management fees (2)	Other operating expenses	$	2,874	$	3,818
Construction supervision fees	Buildings and improvements (3)	307		732
		$	3,181	$	4,550

Expense Reimbursement:
Property level expenses	General and administrative expenses	$	5,538	$	6,587

(1)The net business management fees we recognized for the three months ended March 31, 2025 and 2024 each reflect a reduction of $151 for the amortization of the liability we recorded in connection with our former investment in The RMR Group Inc., or RMR Inc.

(2)The net property management fees we recognized for the three months ended March 31, 2025 and 2024 each reflect a reduction of $121 for the amortization of the liability we recorded in connection with our former investment in RMR Inc.