Related Person Transactions (Tables)

6 Months Ended

Mar. 31, 2022

For the three months ended March 31, 2022 and 2021, we recognized revenues from related parties as set forth in the following table:


	Three Months Ended March 31, 2022						Three Months Ended March 31, 2021
	Total						Total
	Management						Management
	and Advisory		Total				and Advisory		Total
	Services		Reimbursable		Total		Services		Reimbursable		Total
	Revenues		Costs		Revenues		Revenues		Costs		Revenues
Managed Public Real Estate Capital:(1)
DHC	$	7,404	$	32,720	$	40,124	$	8,652	$	30,901	$	39,553
ILPT	7,227		5,581		12,808		4,173		4,476		8,649
OPI	10,518		70,479		80,997		8,628		41,930		50,558
SVC	11,722		22,494		34,216		11,281		3,354		14,635
Total Managed Equity REITs	36,871		131,274		168,145		32,734		80,661		113,395
SEVN	1,137		1,287		2,424		751		941		1,692
TRMT (2)	—		—		—		998		672		1,670
	38,008		132,561		170,569		34,483		82,274		116,757

Managed Private Real Estate Capital:(1)
ABP Trust	995		6,525		7,520		1,042		5,348		6,390
Other private entities	3,825		9,020		12,845		1,092		1,626		2,718
	4,820		15,545		20,365		2,134		6,974		9,108

Managed Operating Companies:
ALR	1,226		61		1,287		1,803		115		1,918
Sonesta	1,787		38		1,825		636		79		715
TA	3,447		161		3,608		2,935		131		3,066
	6,460		260		6,720		5,374		325		5,699

Total revenues from related parties	49,288		148,366		197,654		41,991		89,573		131,564
Revenues from unrelated parties	—		—		—		—		—		—
	$	49,288	$	148,366	$	197,654	$	41,991	$	89,573	$	131,564

(1)On December 23, 2021, DHC sold an incremental 35% equity interest in its existing joint venture with an institutional investor, after which DHC retained a 20% equity interest in this joint venture. As a result, the management fees earned with respect to this joint venture are characterized as Managed Private Real Estate Capital for periods on and after December 23, 2021 and as Managed Public Real Estate Capital for periods prior to December 23, 2021. In addition, on January 31, 2022, DHC sold an 80% equity interest in another joint venture with two global institutional investors, after which DHC retained a 20% equity interest in this joint venture. Similarly, the management fees earned with respect to this joint venture are characterized as Managed Private Real Estate Capital for periods on and after January 31, 2022 and as Managed Public Real Estate Capital for periods prior to January 31, 2022.

(2)As discussed in Note 1, Basis of Presentation, TRMT merged with and into SEVN on September 30, 2021, with SEVN continuing as the surviving company. This table presents revenues for the three months ended March 31, 2021, for TRMT separately as they relate to a period prior to the Merger.

For the six months ended March 31, 2022 and 2021, we recognized revenues from related parties as set forth in the following table:


	Six Months Ended March 31, 2022						Six Months Ended March 31, 2021
	Total						Total
	Management						Management
	and Advisory		Total				and Advisory		Total
	Services		Reimbursable		Total		Services		Reimbursable		Total
	Revenues		Costs		Revenues		Revenues		Costs		Revenues
Managed Public Real Estate Capital: (1)
DHC	$	16,529	$	67,923	$	84,452	$	17,574	$	73,185	$	90,759
ILPT	11,742		12,261		24,003		9,047		9,667		18,714
OPI	21,082		141,166		162,248		17,895		97,457		115,352
SVC	23,392		33,229		56,621		21,498		8,366		29,864
Total Managed Equity REITs	72,745		254,579		327,324		66,014		188,675		254,689
SEVN	2,255		3,557		5,812		1,300		941		2,241
TRMT (2)	—		—		—		1,035		1,638		2,673
	75,000		258,136		333,136		68,349		191,254		259,603

Managed Private Real Estate Capital: (1)
ABP Trust	2,091		12,841		14,932		2,098		10,565		12,663
Other private entities	5,129		12,050		17,179		1,606		2,661		4,267
	7,220		24,891		32,111		3,704		13,226		16,930

Managed Operating Companies:
ALR	2,371		146		2,517		3,779		185		3,964
Sonesta	3,601		38		3,639		989		79		1,068
TA	7,058		708		7,766		6,244		442		6,686
	13,030		892		13,922		11,012		706		11,718

Total revenues from related parties	95,250		283,919		379,169		83,065		205,186		288,251
Revenues from unrelated parties	53		—		53		259		—		259
	$	95,303	$	283,919	$	379,222	$	83,324	$	205,186	$	288,510

(2)As discussed in Note 1, Basis of Presentation, TRMT merged with and into SEVN on September 30, 2021, with SEVN continuing as the surviving company. This table presents revenues for the six months ended March 31, 2021, for TRMT separately as they relate to a period prior to the Merger.

Amounts Due From Related Parties

The following table represents amounts due from related parties as of the dates indicated:


	March 31, 2022						September 30, 2021
	Accounts		Reimbursable				Accounts		Reimbursable
	Receivable		Costs		Total		Receivable		Costs		Total
Managed Public Real Estate Capital:
DHC	$	4,815	$	20,478	$	25,293	$	6,005	$	17,866	$	23,871
ILPT	4,767		7,362		12,129		2,934		6,928		9,862
OPI	7,958		39,539		47,497		8,625		33,693		42,318
SVC	5,068		3,673		8,741		5,841		8,992		14,833
Total Managed Equity REITs	22,608		71,052		93,660		23,405		67,479		90,884
SEVN	1,119		1,098		2,217		1,717		1,180		2,897

	23,727		72,150		95,877		25,122		68,659		93,781

Managed Private Real Estate Capital:
ABP Trust	1,116		2,081		3,197		1,202		2,678		3,880
Other private entities	2,647		4,696		7,343		869		770		1,639
	3,763		6,777		10,540		2,071		3,448		5,519

Managed Operating Companies:
ALR	114		1,819		1,933		136		422		558
Sonesta	240		—		240		17		—		17
TA	85		12,781		12,866		124		2,993		3,117
	439		14,600		15,039		277		3,415		3,692

	$	27,929	$	93,527	$	121,456	$	27,470	$	75,522	$	102,992

For the three and six months ended March 31, 2022 and 2021, we recognized cash and equity based separation costs as set forth in the following table:


	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
Former executive officers:
Cash separation costs	$	—	$	—	$	—	$	2,900
Equity based separation costs	—		—		—		295
	—		—		—		3,195
Former nonexecutive officers:
Cash separation costs (1)	217		—		217		805
Equity based separation costs	—		—		—		159
	217		—		217		964
Total separation costs	$	217	$	—	$	217	$	4,159

(1)During the six months ended March 31, 2021, we were indemnified for a withdrawal liability of $515 that we had recorded during the three months ended September 30, 2020 related to a prior client’s shared pension plan accounted for as a multiemployer benefit plan.