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RELATED-PARTY TRANSACTIONS (Tables) | 12 Months Ended
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Dec. 31, 2021
Related Party Transactions [Abstract] |
Schedule of Asset Management Fees Calculation | The fee is calculated as a percentage of the daily average adjusted fair value of CIM Urban’s assets:
Daily Average Adjusted Fair Value of CIM Urban’s Assets |  | Quarterly Fee
From Greater of |  | To and Including |  | Percentage
(in thousands) |  |
$ | — |  |  | $ | 500,000 |  |  | 0.2500%
$ | 500,000 |  |  | $ | 1,000,000 |  |  | 0.2375%
$ | 1,000,000 |  |  | $ | 1,500,000 |  |  | 0.2250%
$ | 1,500,000 |  |  | $ | 4,000,000 |  |  | 0.2125%
$ | 4,000,000 |  |  | $ | 20,000,000 |  |  | 0.1000%
Schedule of Related Party Transactions | The Company recorded fees and expense reimbursements as shown in the table below for services provided by related parties related to the services described above during the periods indicated:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  |
|  | (in thousands)
Asset Management Fees: |  |  |  |  |  |
Asset management fees (1) |  | $ | 9,030 |  |  | $ | 9,511 |  |  |
Property Management Fees and Reimbursements: |  |  |  |  |  |
Property management fees |  | $ | 1,641 |  |  | $ | 1,670 |  |  |
Onsite management and other cost reimbursement |  | $ | 2,687 |  |  | $ | 3,356 |  |  |
Leasing commissions |  | $ | 162 |  |  | $ | 112 |  |  |
Construction management fees |  | $ | 226 |  |  | $ | 344 |  |  |
Administrative Fees and Expenses: |  |  |  |  |  |
Base service fee (2) |  | $ | — |  |  | $ | 282 |  |  |
Expense reimbursements to related parties - corporate |  | $ | 2,050 |  |  | $ | 2,243 |  |  |
Lending Segment Expenses: |  |  |  |  |  |
Expense reimbursements to related parties - lending segment (3) |  | $ | 1,921 |  |  | $ | 3,491 |  |  |
Offering-Related Fees: |  |  |  |  |  |
Upfront dealer manager and trailing dealer manager fees (4) |  | $ | 690 |  |  | $ | 1,149 |  |  |
Non-issuance specific offering costs (5) |  | $ | 106 |  |  | $ | 99 |  |  |
(1)The Company issued to the Operator an aggregate of 270,209 shares of its Series A Preferred Stock, in lieu of cash payment of the asset management fees incurred during the year ended December 31, 2021. The Company issued to the Operator 203,349 shares of its Common Stock and 287,199 shares of Series A Preferred Stock in lieu of cash payment of the asset management fees incurred during the year ended December 31, 2020. (2)For the year ended December 31, 2020, the Company issued to the Administrator 11,273 shares of our Series A Preferred Stock, in lieu of cash as payment of the Base Service Fee for the first quarter of 2020. (3)Expense reimbursements to related parties - lending segment do not include personnel costs capitalized to deferred loan origination costs of $347,000 and $136,000 for the years ended December 31, 2021 and 2020, respectively. (4)Represents fees earned by CCO Capital and allocated to Series A Preferred Stock and Series D Preferred Stock. (5)As of December 31, 2021 and 2020, $2.0 million and $1.5 million, respectively, was included in deferred costs as reimbursable expenses incurred pursuant to the Master Services Agreement and the then applicable dealer manager agreement with CCO Capital. These non-issuance specific costs are allocated against the gross proceeds from the sale of the Series A Preferred Stock and the Series D Preferred Stock on a pro rata basis for each issuance as a percentage of the total offering. As of December 31, 2021 and 2020, due to related parties consisted of the following:
|  | December 31,
|  | 2021 |  | 2020
|  | (in thousands)
Asset management fees |  | $ | 2,244 |  |  | $ | 2,386 |
Property management fees and reimbursements |  | 320 |  |  | 1,662 |
Expense reimbursements - corporate |  | 692 |  |  | 647 |
Expense reimbursements - lending segment |  | 341 |  |  | 690 |
Upfront dealer manager and trailing dealer manager fees |  | 638 |  |  | 493 |
Non-issuance specific offering costs |  | 143 |  |  | 668 |
Other amounts due to the CIM Management Entities and certain of its affiliates |  | 163 |  |  | 160 |
Total due to related parties |  | $ | 4,541 |  |  | $ | 6,706 |

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- Definition Tabular disclosure of management fee calculation with related party. + References No definition available. + Details
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- References No definition available. + Details
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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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