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Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2023
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the advisory services fees incurred (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Advisory services fee
Base advisory fee$8,121 $8,854 $24,839 $26,202 
Reimbursable expenses (1)
2,884 2,430 9,176 7,365 
Equity-based compensation (2)
1,390 1,229 3,635 4,609 
Total advisory services fee$12,395 $12,513 $37,650 $38,176 
________
(1)Reimbursable expenses include overhead, internal audit, risk management advisory, asset management services and deferred cash awards.
(2)    Equity-based compensation is associated with equity grants of Ashford Trust’s common stock, LTIP units and Performance LTIP units awarded to officers and employees of Ashford LLC.
The table below summarizes the amount Ashford Trust has expensed related to reimbursed operating expenses of Ashford Securities (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
Line Item2023202220232022
Corporate, general and administrative$1,212 $(3,522)$2,312 $(2,331)