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Related Party Transactions
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The Company is a subsidiary of WHLR. WHLR performs property management and leasing services for the Company pursuant to that certain Wheeler Real Estate Company Management Agreement entered into in August 2022 by and between Wheeler Real Estate LLC, a wholly-owned subsidiary of WHLR, and the Company and its subsidiaries (the "Wheeler Real Estate Company Management Agreement"). The management fee is 4% of gross operating income, and leasing commissions range from 3% to 6%. During the years ended December 31, 2024 and 2023, the Company paid WHLR $1.4 million and $2.1 million, respectively, for these services. The Operating Partnership and WHLR's operating partnership, Wheeler REIT, L.P., are party to the Cost Sharing Agreement. The related party amounts due to WHLR are comprised of:
December 31,
20242023
Financings and real estate taxes$7,166,000 $7,166,000 
Management fees634,000 225,000 
Leasing commissions548,000 161,000 
Cost Sharing Agreement allocations (1)800,000 548,000 
Transaction fees343,000 — 
Other— (6,000)
Total$9,491,000 $8,094,000 
(1)Includes allocations for executive compensation and directors and officers liability insurance.