v3.26.1
MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the management fees, income incentive allocation and capital gains incentive allocation included in these consolidated financial statements:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Management fee
$3,677 $3,680 $7,769 $6,222 
Income incentive fee
— — — — 
Capital gains incentive fee
— — — — 
Total$3,677 $3,680 $7,769 $6,222 
The following table summarizes our reimbursements to the Manager:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Classification in the Consolidated Statements of Operations:
General and administrative
$1,710 $1,577 $3,191 $3,269 
Acquisition and transaction expenses1,146 855 1,908 1,518 
Total$2,856 $2,432 $5,099 $4,787 
The following table summarizes amounts due to the Manager, which are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheets:
June 30, 2026December 31, 2025
Accrued management fees$7,769 $12,172 
Other payables6,799 9,181 
The following table presents the amount of this non-controlling interest share of net loss:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Non-controlling interest share of net loss$(11,075)$(10,580)$(24,754)$(21,664)