Agreements and Transactions with Related Parties (Tables)

6 Months Ended

Jun. 30, 2026

The following tables present a summary of fees we paid and expenses we reimbursed to our Advisor in accordance with the terms of the NLOP Advisory Agreements (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Administrative reimbursements (a)	$	1,000	$	1,000	$	2,000	$	2,000
Asset management fees (b)	394		1,209		875		2,469
	$	1,394	$	2,209	$	2,875	$	4,469

__________

(a)Included within General and administrative expenses in the consolidated statements of operations.

(b)Included within Asset management fees in the consolidated statements of operations.

Schedule of Balances Due to and from Related Party

The following table presents a summary of amounts due to affiliates, which are included within Accounts payable, accrued expenses and other liabilities in the consolidated financial statements (in thousands):


	June 30, 2026		December 31, 2025
Accounts payable	$	338	$	376
Asset management fees payable	155		294
	$	493	$	670