Related Party Transactions and Arrangements (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services

The following table details amounts incurred, forgiven and payable in connection with the Company’s operations-related services described above as of and for the periods presented:


	Three Months Ended March 31,					Payable (Receivable) as of
	2022		2021
(In thousands)	Incurred			Incurred			March 31, 2022			December 31, 2021
Non-recurring fees and reimbursements:
Acquisition cost reimbursements	$	—		$	7		$	—		$	23
Ongoing fees and reimbursements:
Asset management fees	5,458			4,997			—			—
Property management and fees (3)	1,026			954			138			24
Professional fees and other reimbursements (1)	2,226			2,601			253			(70)
Professional fees credit due from Advisor	—			—			(172)		(2)	(859)		(2)

Total related party operation fees and reimbursements	$	8,710		$	8,559		$	219		$	(882)

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(1)Included in general and administrative expenses in the consolidated statements of operations. Includes $1.5 million and $1.7 million subject to the Capped Reimbursement for the three months ended March 31, 2022 and 2021, respectively.

(2)Balance includes a receivable of $0.2 million and $0.9 million as of March 31, 2022 and December 31, 2021, respectively, from the Advisor related to the overpayment of 2020 Bonus Awards, which, pursuant to authorization by the independent members of the Company’s board of directors, was required to be repaid to the Company over a pro-rata basis over a six-month period from November 2021 through April 2022.

(3)Inclusive of $0.2 million and $0.3 million of leasing commissions which are included in prepaid expenses and other assets on the consolidated balance sheet as of March 31, 2022 and December 31, 2021, respectively.