Related Party Transactions and Arrangements (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Fees, Expenses and Related Payables

The following table details amounts incurred in connection with the Company’s operations-related services described above as of and for the periods presented:


	Three Months Ended March 31,				Payable (receivable) as of
(In thousands)	2025		2024			March 31, 2025		December 31, 2024



Ongoing fees:
Asset and property management fees to related parties (1)	$	1,868	$	1,903		$	267	$	317
Professional fees and other reimbursements (2)	1,634		1,392			—		—

Total related party operation fees and reimbursements	$	3,502	$	3,295		$	267	$	317

________

(1)During the three months ended March 31, 2025 and 2024, approximately $0.0 million and $0.5 million, respectively, of this expense was for the asset and property management fees paid in shares of the Company’s Class A common stock (see above) in lieu of cash.

(2)Amounts for the three months ended March 31, 2025 and 2024 are included in general and administrative expenses in the unaudited consolidated statements of operations and comprehensive loss.