v3.26.1
Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 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   For the Six Months Ended 
   June 30,
2026		   June 30,
2025		   June 30,
2026		   June 30,
2025		 
                 
Asset management fees (general and administrative costs)  $493   $485   $989   $975 
Property management fees  (property operating expenses)   80    81    160    158 
Development fees and cost reimbursement (1)   -    42    -    91 
Total  $573   $608   $1,149   $1,224 

 

(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.