Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2021

Related Party Transactions [Abstract]

Schedule of Related Party Transactions [Table Text Block]

The Management Agreement entitled the Former Manager to receive compensation for various services it performed related to acquiring assets and managing properties on the Company's behalf:

(In thousands)		Years ended December 31,
Type of Compensation	Basis of Compensation	2021		2020		2019
Acquisition fees	1.0% of the gross purchase price of real estate assets	$	—	$	235	$	7,203
Loan origination fees	1.0% of the maximum commitment of any real estate loan, note or line of credit receivable	—		—		783
Loan coordination fees	0.6% of any assumed, new or supplemental debt incurred in connection with an acquired property	—		47		2,939
Asset management fees	Monthly fee equal to one-twelfth of 0.50% of the total book value of assets, as adjusted	—		1,349		15,596
Property management fees	Monthly fee up to 4% of the monthly gross revenues of the properties managed	—		890		10,274
General and administrative expense fees	Monthly fee equal to 2% of the monthly gross revenues of the Company	—		616		6,177
Construction management fees	Quarterly fee for property renovation and takeover projects	—		14		264
Disposition fees	1% of the sale price of a real estate asset	—		—		282
Contingent asset management fees / general and administrative fees	Recognized upon disposition of the property when exceeding the 7% IRR hurdle	—		—		11
		$	—	$	3,151	$	43,529

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:

(In thousands)	Years ended December 31,
	2021		2020		2019
	$	—	$	1,430	$	18,054