Related Party Transactions

12 Months Ended

Dec. 31, 2022

Related Party Transactions [Abstract]

Related Party Transactions

10. RELATED PARTY TRANSACTIONS

Office Leases

We lease office space at One Commerce Square, which is located at 2005 Market Street, Philadelphia, Pennsylvania, pursuant to a lease agreement with Brandywine Realty Trust. One of our independent trustees is also a Trustee of Brandywine Realty Trust. We paid $1.6 million and $1.0 million in total rent under the lease for the year ended December 31, 2022 and 2021, respectively.

Employee Health Insurance

We purchase healthcare benefits for our employees through Independence Blue Cross (“IBX”). An independent trustee of the Company is a chairman of the board of directors of IBX. We paid total insurance healthcare premiums to IBX of $2.1 million and $1.9 million, respectively, for the years ended December 31, 2022 and 2021.