v3.26.1
Related Party Transactions
 3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
Summarized below are the related party transaction expenses and payable for the following periods (which are presented in “Accrued expenses and other liabilities” on the Consolidated Balance Sheet):
Incurred for the Three Months Ended
Payable as of
March 31,
March 31,
December 31,
2026
2025
2026
2025
Expensed
Office rent and related expenses$144 $141 $— $— 
Other
Distributions21 526 — 234 
Total$165 $667 $— $234 
Office Sublease
The Operating Partnership was party to a sublease agreement dated March 25, 2022 with GCC (as amended, the “El Segundo Sublease”) for the building located at 1520 E. Grand Ave, El Segundo, CA (the “Building”), which was the location of the Company’s former corporate headquarters and where the Company conducted day-to-day business. The Building was part of a campus that contains other buildings and parking (the “Campus”). The El Segundo Sublease also entitled the Company to use certain common areas on the Campus. The Campus was owned by GCPI, LLC (“GCPI”), and the Building was master leased by GCPI to GCC. GCC was the sublessor under the El Segundo Sublease. GCC is controlled by, and GCPI is affiliated with, the Company’s former Executive Chairman, who beneficially owns more than 5% of our common shares.
As of March 31, 2026, the Company terminated the El Segundo Sublease. In connection with the termination, the Company derecognized the related right-of-use lease asset and liability related to the El Segundo Sublease.
On March 30, 2026, the Company commenced a 10-year lease with an unrelated party for its new corporate headquarters in El Segundo, CA. Refer to Note 11, Leases, for further details.