v3.26.1
Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Schedule of fees incurred associated with related parties

The following table represents the fees incurred associated with the services provided by the Company’s Advisor and its affiliates:

 

   For the
Three Months Ended		 
   March 31,
2026		   March 31,
2025		 
Asset management fees (general and administrative costs)  $496   $489 
Property management fees  (property operating expenses)   80    78 
Development fees and  cost reimbursement (1)   -    50 
Total  $576   $617 

 

(1)Development fees and the reimbursement of development-related costs that the Company pays to the Advisor and its affiliates are capitalized and are included in the carrying value of the associated development project which are classified as development projects on the consolidated balance sheets until construction is substantially completed. Once construction is substantially completed these amounts are recorded as property operating expenses.