XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.25.1

Related Party Arrangements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Related Party Transactions [Abstract] |
Schedule of Non Cash Activity to Related Party | The following table summarizes the fees incurred on our behalf by, and expenses reimbursable to, our Manager and its affiliates, including our Sponsor, in accordance with the terms of our relevant agreements with such parties (amounts in thousands): Schedule of Non Cash Activity to Related Party
|  | 2024 |  |  | 2023 |
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |
Amounts included in the Consolidated Statements of Operations |  |  |  |  |  |  |  |
Costs incurred by our Manager and its affiliates (1) |  | $ | 3,128 |  |  | $ | 3,050 |
Management fees (2) |  |  | 2,705 |  |  |  | 2,693 |
Insurance (3) |  |  | 793 |  |  |  | 449 |
Director compensation |  |  | 80 |  |  |  | 80 |
Costs and expenses related parties |  | $ | 6,706 |  |  | $ | 6,272 |
Capitalized costs included in the Consolidated Balance Sheets |  |  |  |  |  |  |  |
Development fee and reimbursements |  | $ | 5,438 |  |  | $ | 7,324 |
Insurance (3) |  |  | 2,479 |  |  |  | 2,160 |
Capitalized costs |  | $ | 7,917 |  |  | $ | 9,484 |
(1) | Includes wage, overhead and other reimbursements to our Manager and its affiliates, including our Sponsor, which are included in General and administrative in our 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 in our consolidated balance sheets and are amortized monthly to either Property expenses in our consolidated statements of operations or Real estate under construction in our consolidated balance sheets.
Schedule of Due to Related Party | The following table summarizes amounts included in Due to affiliates in our consolidated balance sheets (amounts in thousands): Schedule of Due to Related Party
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Amounts Due to affiliates |  |  |  |  |  |  |  |
Management fees |  | $ | 4,070 |  |  | $ | 1,365 |
Development fees |  |  | 2,546 |  |  |  | 6,129 |
Employee cost sharing and reimbursements (1) |  |  | 2,388 |  |  |  | 2,856 |
Accrued interest |  |  | 79 |  |  |  | — |
Director compensation |  |  | 20 |  |  |  | 20 |
Amounts Due to affiliates |  | $ | 9,103 |  |  | $ | 10,370 |
(1) | Includes wage, overhead and other reimbursements to our Manager and its affiliates, including our Sponsor.

X
- Definition Schedule Of Non Cash Activity To Related Party [Table Text Block] + References No definition available. + Details
Name: | OZ_ScheduleOfNonCashActivityToRelatedPartyTableTextBlock
Namespace Prefix: | OZ_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration