XML 51 R40.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the advisory services fees incurred (in thousands):
Three Months Ended March 31,
20242023
Advisory services fee
Base advisory fee$3,327 $3,640 
Reimbursable expenses (1)
2,265 2,022 
Equity-based compensation (2)
1,108 2,286 
Total$6,700 $7,948 
________
(1)Reimbursable expenses include overhead, internal audit, risk management advisory, asset management services and deferred cash awards.
(2)    Equity-based compensation is associated with equity grants of Braemar’s common stock, PSUs, LTIP units and Performance LTIP units awarded to officers and employees of Ashford LLC.
The table below summarizes the amount Braemar has expensed related to reimbursed operating expenses of Ashford Securities (in thousands):
Three Months Ended March 31,
Line Item20242023
Corporate, general and administrative$(5,624)$1,195