v3.26.1
Related Party Transactions (Tables)
3 Months Ended
Mar. 31, 2026
Management agreement  
Related Party Transactions  
Schedule of related party amounts payable

The table below presents the related party amounts payable to the Manager at March 31, 2026 and December 31, 2025 pursuant to the terms of the Management Agreement (amounts in thousands). The Company records these payables in due to affiliates on its consolidated balance sheets.

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

Amounts payable to the Manager under the Management Agreement

  ​ ​ ​

2026

  ​ ​ ​

2025

Base management fee

$

2,688

$

2,682

Operating and direct expense reimbursements

 

1,092

 

1,206

Offering expense reimbursements

47

97

Total amounts payable to the Manager

$

3,827

$

3,985

DST Program  
Related Party Transactions  
Schedule of related party amounts payable

The table below presents amounts payable to related parties at March 31, 2026 and December 31, 2025 (amounts in thousands) related to the Company’s DST Program. The Company records these payables in due to affiliates on its consolidated balance sheets.

Amounts payable to related parties – DST Program

  ​ ​ ​

March 31, 2026

  ​ ​ ​

December 31, 2025

One-time acquisition fees

$

3,080

$

5,293

Asset management fees

 

429

 

317

Total amounts payable to related parties – DST Program

$

3,509

$

5,610

Leasehold Cost Sharing Agreement  
Related Party Transactions  
Schedule of related party amounts payable

The table below presents the related party amounts receivable from BREH at March 31, 2026 and December 31, 2025 pursuant to the terms of the Leasehold Cost-Sharing Agreement (amounts in thousands). The Company records these receivables in due from affiliates on its consolidated balance sheets.

Amounts receivable from BREH under the Leasehold Cost-Sharing Agreement

  ​ ​ ​

March 31, 2026

  ​ ​ ​

December 31, 2025

Capital improvement cost reimbursements

$

599

$

621

Operating and direct expense reimbursements

 

34

 

32

Total amounts receivable from BREH

$

633

$

653