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


	Three Months Ended June 30,			Six Months Ended June 30,				Payable (Prepayments) as of
	2025		2024	2025		2024
(In thousands)	Incurred			Incurred		Incurred		Incurred		June 30, 2025		December 31, 2024
Non-recurring fees and reimbursements:
Acquisition cost reimbursements	$	—		$	—	$	—	$	20	$	—	$	—
Termination fees (1)	—			98,241		—		98,241		—		30,267
Ongoing fees and reimbursements:
Asset management fees	—			5,458		—		10,916		—		—
Professional fees and other reimbursements (2)	—			3,021		—		6,980		—		—
Property management fees (3)	—			1,022		—		2,492		—		—

Total related party operation fees and reimbursements	$	—		$	107,742	$	—	$	118,649	$	—	$	30,267

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(1)Reflects the Promissory Note issued to the Advisor Parent in connection with the Internalization, which was repaid in full in January 2025.

(3)The three months and six ended June 30, 2024 include $0.1 million and $0.6 million, respectively, of leasing commissions which are capitalized and included in deferred costs, net on the Company’s consolidated balance sheets.