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Leases
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases Leases
The Company has operating leases for office space leased in various buildings for its own use. The Company's leases typically have terms ranging from 5 to 10 years. The Company's lease agreements do not contain any material 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 12 for additional information).
The following table summarizes operating lease costs by type (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease costs
Fixed lease costs$297 $297 $890 $890 
Variable lease costs92 97 292 294 
Total operating lease costs$389 $394 $1,182 $1,184 
The following table presents supplemental cash flow information related to the Company's operating leases (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Cash paid for lease liabilities:
Operating cash flows from operating leases$390 $395 $1,186 $1,170 
As of September 30, 2025, the Company's operating leases had a weighted-average remaining lease term of 5.0 years and a weighted-average discount rate of 4.65%.
The following table summarizes future lease payments (in thousands):
Year Ending December 31, Operating Leases
2025 (3 months)$302 
20261,222 
20271,204 
20281,233 
20291,262 
Thereafter1,073 
Total future lease payments6,296 
Imputed interest(708)
Total lease liabilities$5,588 
The Company does not have any leases which have not yet commenced as of September 30, 2025.