v3.26.1
RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
The Company has historically paid the members of the Board who are not executive officers for services rendered through cash payments and by issuing shares of Class C Common Stock to them. Pursuant to the Merger Agreement, payment for services is now payable only in cash. Total fees incurred and paid or accrued by the Company for Board services for the three and six months ended June 30, 2026 and 2025, are as follows (dollars in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Payments for services rendered$135 $75 $210 $150 
Value of shares of Class C Common Stock issued— 60 60 120 
Total$135 $135 $270 $270 
Number of shares issued for services rendered— 4,261 4,190 7,999 
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.