RELATED PARTY TRANSACTIONS |
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| RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS The Company pays the members of its board of directors who are not executive officers for services rendered through cash payments and by issuing shares of Class C Common Stock to them. Total fees incurred and paid or accrued by the Company for board services for the three months ended March 31, 2026 and 2025, are as follows (dollars in thousands):
Related Party Transactions with Unconsolidated Investment in a Real Estate Property The Company earned asset management fee income from TIC interests in the Santa Clara property until the Company acquired the 27.3% remaining TIC interest on January 16, 2026. The management fee income is presented as part of other property revenue and the related Santa Clara asset management fee expense is included as a reduction in the income from unconsolidated investment in a real estate property in the Company’s statements of operations for the applicable periods.
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