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Related Party Arrangements (Tables) | 6 Months Ended
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Jun. 30, 2024
Related Party Transactions [Abstract] |
Schedule of Non Cash Activity to Related Party | The following table presents a summary of fees incurred on our behalf by, and expenses reimbursable to, our Manager and its affiliates, including our Sponsor, in accordance with the terms of the relevant agreements with such parties (amounts in thousands): Schedule of Non Cash Activity to Related Party
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |
Amounts included in the Consolidated Statements of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs incurred by our Manager and its affiliates (1) |  | $ | 638 |  |  | $ | 657 |  |  | $ | 1,427 |  |  | $ | 1,327 |
Management fees (2) |  |  | 678 |  |  |  | 668 |  |  |  | 1,365 |  |  |  | 1,328 |
Insurance (3) |  |  | 329 |  |  |  | 102 |  |  |  | 490 |  |  |  | 208 |
Director compensation |  |  | 20 |  |  |  | 20 |  |  |  | 40 |  |  |  | 40 |
Costs and expenses related parties |  | $ | 1,665 |  |  | $ | 1,447 |  |  | $ | 3,322 |  |  | $ | 2,903 |
Capitalized costs included in the Consolidated Balance Sheets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Development fee and reimbursements |  | $ | 803 |  |  | $ | 3,211 |  |  | $ | 1,881 |  |  | $ | 4,188 |
Insurance (3) |  |  | 1,358 |  |  |  | 473 |  |  |  | 1,922 |  |  |  | 990 |
Other capitalized costs |  | $ | 2,161 |  |  | $ | 3,684 |  |  | $ | 3,803 |  |  | $ | 5,178 |
(1) | Includes wage, overhead and other reimbursements to our Manager and its affiliates, including our Sponsor, which are included in General and administrative expenses on the consolidated statements of operations.
(2) | Included in Property expenses in our consolidated statements of operations.
(3) | Our insurance premiums are prepaid and are included in Other assets on the consolidated balance sheets and are amortized monthly to either Property expenses on the consolidated statements of operations or Real estate under construction on the consolidated balance sheets as further described below.
Schedule of Due to Related Party | The following table presents a summary of amounts included in Due to affiliates in the consolidated balance sheets (amounts in thousands): Schedule of Due to Related Party
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | (unaudited) |  |  |  |
Due to affiliates |  |  |  |  |  |  |  |
Management fees |  | $ | 2,730 |  |  | $ | 1,365 |
Development fees |  |  | 1,646 |  |  |  | 6,129 |
Employee cost sharing and reimbursements (1) |  |  | 1,196 |  |  |  | 2,856 |
Insurance |  |  | 195 |  |  |  | — |
Director compensation |  |  | 20 |  |  |  | 20 |
Due to affiliates |  | $ | 5,787 |  |  | $ | 10,370 |
(1) | Includes wage, overhead and other reimbursements to our Manager and its affiliates, including our Sponsor.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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