Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2025

Related Party Transactions [Abstract]

Schedule of related party transactions

The following table represents the fees incurred associated with the payments to the Advisor for the periods indicated:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2025		2024		2025		2024
Property management oversight fees (property operating expenses)	$	133	$	134	$	404	$	401
Debt financing fees(1)		-		-		700		-
Administrative services reimbursement (general and administrative costs)		414		404		1,223		1,187
Asset management fees (general and administrative costs)		931		897		2,861		2,695
Total	$	1,478	$	1,435	$	5,188	$	4,283

(1) Capitalized upon the execution of the loan, presented in the consolidated balance sheets as a direct deduction from the carrying value of the corresponding loan and amortized over the initial term of the corresponding loan.