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Related Party Transactions
 3 Months Ended
Mar. 31, 2025
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, leasing commissions range from 3% to 6%, and sales commissions range from 0% to 4%, contingent on third-party broker arrangement. During the three months ended March 31, 2025, the Company paid WHLR $0.5 million for these services. During the three months ended March 31, 2024, the Company paid WHLR $0.3 million for these services. The Operating Partnership and WHLR's operating partnership, Wheeler REIT, L.P., are party to a cost sharing and reimbursement agreement pursuant to which the parties agreed to share costs and expenses associated with
certain employees, certain facilities and property, and certain arrangements with third parties (the "Cost Sharing Agreement"). The related party amounts due to WHLR are comprised of:
March 31,December 31,
20252024
Financings and real estate taxes$7,166,000 $7,166,000 
Management fees396,000 634,000 
Leasing commissions673,000 548,000 
Sales commissions488,000 343,000 
Cost Sharing Agreement allocations (1)876,000 800,000 
Total$9,599,000 $9,491,000 
(1)Includes allocations for executive compensation and directors and officers liability insurance.