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Transactions with Related Parties (Schedule of Related Party Transactions) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Related Party Transaction [Line Items]      
Due to related parties $ 2,537 $ 5,348  
General and Administrative Reimbursements [Member]      
Related Party Transaction [Line Items]      
General and administrative expenses incurred with related party [1] 1,409 1,505 $ 1,324
Due to related parties [1] 209 237  
Real Estate Management Fees [Member]      
Related Party Transaction [Line Items]      
Real estate management related costs with related party 4,734 4,168 4,841
Due to related parties   387  
Property Operating Expenses [Member]      
Related Party Transaction [Line Items]      
Real estate management related costs with related party 1,321 1,585 1,395
Due to related parties   178  
Construction Management Fees [Member]      
Related Party Transaction [Line Items]      
Real estate management related costs with related party 66 44 186
Due to related parties   4  
Leasing fees [Member]      
Related Party Transaction [Line Items]      
Real estate management related costs with related party 284 238 296
Due to related parties 87 77  
Real Estate Management Costs [Member]      
Related Party Transaction [Line Items]      
Real estate management related costs with related party [2] 6,405 6,035 6,718
Due to related parties [2] 87 646  
Business Management Fee [Member]      
Related Party Transaction [Line Items]      
Expenses incurred with related party [3] 8,950 8,924 $ 9,342
Due to related parties [3] $ 2,241 $ 4,465  
[1] The Business Manager and its related parties are entitled to reimbursement for certain general and administrative expenses incurred by the Business Manager and its related parties relating to the Company’s administration. Such costs are included in general and administrative expenses on the consolidated statements of operations and comprehensive loss. Unpaid amounts are included in due to related parties on the consolidated balance sheets.
[2] For each property that is managed by Inland Commercial Real Estate Services LLC (the “Real Estate Manager”) (and its predecessor), the Company pays a monthly real estate management fee of up to 1.9% of the gross income from any single-tenant, net-leased property, and up to 3.9% of the gross income from any other property type. The Real Estate Manager determines, in its sole discretion, the amount of the fee with respect to a particular property, subject to the limitations. For each property that is managed directly by the Real Estate Manager or its affiliates, the Company pays the Real Estate Manager a separate leasing fee. Further, in the event that the Company engages its Real Estate Manager to provide construction management services for a property, the Company pays a separate construction management fee. Leasing fees are included in deferred costs, net and construction management fees are included in building and other improvements on the consolidated balance sheets. The Company also reimburses the Real Estate Manager and its affiliates for property-level expenses that they pay or incur on the Company’s behalf, including the salaries, bonuses and benefits of persons performing services for the Real Estate Manager and its affiliates except for the salaries, bonuses and benefits of persons who also serve as an executive officer of the Real Estate Manager or the Company. Real estate management fees and reimbursable expenses are included in property operating expenses on the consolidated statements of operations and comprehensive loss.
[3] The Company pays the Business Manager an annual business management fee equal to 0.65% of its “average invested assets”. The fee is payable quarterly in an amount equal to 0.1625% of its average invested assets as of the last day of the immediately preceding quarter. “Average invested assets” means, for any period, the average of the aggregate book value of the Company’s assets, including all intangibles and goodwill, invested, directly or indirectly, in equity interests in, and loans secured by, properties, as well as amounts invested in securities and consolidated and unconsolidated joint ventures or other partnerships, before reserves for amortization and depreciation or bad debts, impairments or other similar non-cash reserves, computed by taking the average of these values at the end of each month during the relevant calendar quarter. Unpaid amounts are included in due to related parties on the consolidated balance sheets.