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Related Party Transactions (Tables) | 3 Months Ended
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Mar. 31, 2024
Related Party Transactions [Abstract] |
Schedule of Amount Contractually Due and Forgiven in Connection with Operation Related Services | The following table reflects related party fees incurred during the three months ended March 31, 2023:
|  |  |  |  |  | Three Months Ended March 31, |  |  |  |  |  |
|  |  |  |  |  | 2023 |  |  |  |  |  |
(In thousands) |  |  |  |  |  | Incurred |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fees (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset management fees (2) |  |  |  |  |  | $ | 8,364 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property management fees |  |  |  |  |  | 1,737 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total related party operational fees and reimbursements |  |  |  |  |  | $ | 10,101 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
______________ (1)The Company incurred general and administrative costs and other expense reimbursements of approximately $0.3 million for the three months ended March 31, 2023, which are recorded within general and administrative expenses in the consolidated statements of operations and are not reflected in the table above. (2)The former Advisor, in accordance with the Advisory Agreement, received asset management fees in cash each quarter equal to one quarter of the annual Minimum Base Management Fee of $18.0 million and the Variable Base Management Fee. The Variable Base Management Fee was $3.9 million for the three months ended March 31, 2023.

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