Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2020

Related Party Transactions [Abstract]

Schedule of Related Party Transactions [Table Text Block]

(In thousands)		Three-month periods ended September 30,				Nine-month periods ended September 30,
Type of Compensation	Basis of Compensation	2020		2019		2020		2019
Acquisition fees	1.0% of the gross purchase price of real estate assets	$	—	$	2,864	$	235	$	5,467
Loan origination fees	1.0% of the maximum commitment of any real estate loan, note or line of credit receivable	—		148		—		674
Loan coordination fees	0.6% of any assumed, new or supplemental debt incurred in connection with an acquired property	—		1,100		47		2,065
Asset management fees	Monthly fee equal to one-twelfth of 0.50% of the total book value of assets, as adjusted	—		3,981		1,349		11,546
Property management fees	Monthly fee up to 4% of the monthly gross revenues of the properties managed	—		2,557		890		7,509
General and administrative expense fees	Monthly fee equal to 2% of the monthly gross revenues of the Company	—		1,557		616		4,624
Construction management fees	Quarterly fee for property renovation and takeover projects	—		73		14		208
Disposition fees	1% of the sale price of a real estate asset	—		—		—		16
		$	—	$	12,280	$	3,151	$	32,109

In addition to property management fees, the Company incurred the following reimbursable on-site personnel salary and related benefits expenses at the properties, which are listed on the Consolidated Statements of Operations:

	Three-month periods ended September 30,				Nine-month periods ended September 30,
(In thousands)	2020		2019		2020		2019
	$	—	$	4,681	$	1,430	$	12,973