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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
The Company has operating leases for office space leased in various buildings for its own use. The Company's leases have original terms ranging from 5 to 10 years. The Company's lease agreements do not contain any residual value guarantees or material restrictive covenants. Lease costs related to the Company's operating leases are primarily reflected in "cost of revenue" in the consolidated statements of operations, as they are a reimbursable cost under the Company's respective asset management agreements. (See Note 13 for additional information).
The following table summarizes operating lease costs, by type (in thousands):
Year Ended December 31,
20242023
Operating lease costs
Fixed lease costs$1,186 $1,186 
Variable lease costs392 458 
Total operating lease costs$1,578 $1,644 
The following table presents supplemental cash flow information related to the Company's operating leases (in thousands):
Year Ended December 31,
20242023
Cash paid for lease liabilities:
Operating cash flows from operating leases$1,559 $1,588 
As of December 31, 2024, the Company's operating leases had a weighted-average remaining lease term of 5.78 years and a weighted-average discount rate of 4.64%.
The following table summarizes future lease liability payments (in thousands):
Year Ending December 31, Operating Leases
2025$1,194 
20261,222 
20271,204 
20281,233 
20291,263 
Thereafter1,073 
Total future lease payments7,189 
Imputed interest(916)
Total lease liabilities$6,273 
The Company does not have any lease liabilities which have not yet commenced as of December 31, 2024.