Related Party Transactions and Arrangements (Tables)

6 Months Ended

Jun. 30, 2022

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

The following table details amounts incurred and payable to related parties in connection with the operations-related services described above as of and for the periods presented. Amounts below are inclusive of fees and other expense reimbursements incurred from and due to the Advisor that were passed through and ultimately paid to Lincoln as a result of the Advisor’s former arrangements with Lincoln:


	Three Months Ended June 30,				Six Months Ended June 30,			Payable (Receivable) as of
(In thousands)	2022		2021			2022		2021		June 30, 2022		December 31, 2021
Non-recurring fees and reimbursements:
Acquisition cost reimbursements (1)	$	167	$	5		$	371	$	19	$	97	$	32
Ongoing fees:
Asset management fees to related party	8,296		7,918			16,122		15,243		367		—
Property management and leasing fees (2)	2,942		1,631			4,924		6,075		874		901
Professional fees and other reimbursements (3)	4,367		2,302			7,662		5,167		1,056		83
Professional fee credit due from Advisor and its affiliates	—		(1,444)			—		(1,444)		—		—
Total related party operating fees and reimbursements	$	15,772	$	10,412		$	29,079	$	25,060	$	2,394	$	1,016

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(1)Amounts for the three and six months ended June 30, 2022 and 2021 are included in acquisition and transaction related expenses in the consolidated statements of operations and comprehensive loss.

(2)Amounts for the three and six months ended June 30, 2022 and 2021 are included in property operating expenses in the consolidated statements of operations and comprehensive loss with the exception of approximately $0.4 million and $0.8 million of leasing fees incurred in the three and six months ended June 30, 2022, respectively, and $0.3 million and $1.7 million incurred in the three and six months ended June 30, 2021, respectively, which were capitalized and are included in deferred costs, net in the consolidated balance sheet. A portion of leasing fees are ultimately paid to a third party.

(3)Amounts for the three and six months ended June 30, 2022 and 2021 are included in general and administrative expense in the consolidated statements of operations and comprehensive loss. Includes amounts for directors’ and officers’ insurance.