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RELATED-PARTY TRANSACTIONS (Tables) | 6 Months Ended
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Jun. 30, 2025
Related Party Transactions [Abstract] |
Schedule of Asset Management Fees Calculation | Pursuant to the Investment Management Agreement, the asset management fee prior to January 1, 2022 fee was calculated (without giving effect to the Fee Waiver) as a percentage of the daily average adjusted fair value of CIM Urban’s assets as follows (dollar amounts in thousands):
Daily Average Adjusted Fair Value of CIM Urban’s Assets |  |
Quarterly Fee Percentage
From Greater of |  | To and Including |
$ | — |  |  | $ | 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%
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 (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30, 2025
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Asset Management Fees: |  |  |  |  |  |  |  |
Asset management fees |  | $ | 349 |  |  | $ | 425 |  |  | $ | 709 |  |  | $ | 819 |
Property Management Fees and Reimbursements: |  |  |  |  |  |  |  |
Property management fees(1) |  | $ | 509 |  |  | $ | 577 |  |  | $ | 1,063 |  |  | $ | 1,160 |
Onsite management and other cost reimbursements(2) |  | $ | 1,764 |  |  | $ | 1,739 |  |  | $ | 3,524 |  |  | $ | 3,469 |
Leasing commissions(3) |  | $ | 53 |  |  | $ | 183 |  |  | $ | 182 |  |  | $ | 238 |
Construction management fees(4) |  | $ | 196 |  |  | $ | 138 |  |  | $ | 428 |  |  | $ | 190 |
Development management reimbursements(5) |  | $ | 307 |  |  | $ | 591 |  |  | $ | 709 |  |  | $ | 1,013 |
Administrative Fees and Expenses: |  |  |  |  |  |  |  |
Expense reimbursements to related parties - corporate |  | $ | 891 |  |  | $ | 612 |  |  | $ | 1,517 |  |  | $ | 1,217 |
Lending Segment Expenses: |  |  |  |  |  |  |  |
Expense reimbursements to related parties - lending segment(6) |  | $ | 678 |  |  | $ | 673 |  |  | $ | 1,337 |  |  | $ | 1,236 |
Offering-Related Fees: |  |  |  |  |  |  |  |
Upfront dealer manager and trailing dealer manager fees(7) |  | $ | — |  |  | $ | 110 |  |  | $ | — |  |  | $ | 377 |
Non-issuance specific offering costs (8) |  | $ | — |  |  | $ | 213 |  |  | $ | — |  |  | $ | 423 |
______________________ (1)Does not include the Company’s share of the property management fees from the Unconsolidated Joint Ventures of $24,000 and $44,000 for the three and six months ended June 30, 2025, respectively, and $25,000 and $50,000 for the three and six months ended June 30, 2024, respectively. (2)Does not include the Company’s share of the onsite management and other cost reimbursements from the Unconsolidated Joint Ventures of $130,000 and $221,000 for the three and six months ended June 30, 2025, respectively, and $131,000 and $238,000 for the three and six months ended June 30, 2024, respectively. (3)Does not include the Company’s share of the leasing commissions from the Unconsolidated Joint Ventures of $63,000 and $70,000 for the three and six months ended June 30, 2025, respectively, and $6,000 and $10,000 for the three and six months ended June 30, 2024, respectively. (4)Does not include the Company’s share of the construction management fees from the Unconsolidated Joint Ventures of $65,000 and $123,000 for the three and six months ended June 30, 2025, respectively, and $35,000 and $122,000 for the three and six months ended June 30, 2024, respectively. (5)Does not include the Company’s share of the development management reimbursements from the Unconsolidated Joint Ventures of $86,000 and $261,000 for the three and six months ended June 30, 2025, respectively, and $205,000 and $384,000 for the three and six months ended June 30, 2024, respectively. (6)Expense reimbursements to related parties - lending segment do not include personnel costs capitalized to deferred loan origination costs of $6,000 and $24,000 for the three and six months ended June 30, 2025, respectively, and $30,000 and $60,000 for the three and six months ended June 30, 2024, respectively. (7)Represents fees earned by CCO Capital and allocated to Series A1 Preferred Stock, Series A Preferred Stock and Series D Preferred Stock. (8)As of June 30, 2025 and 2024, $0 and $3.0 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 A1 Preferred Stock, Series A Preferred Stock and Series D Preferred Stock on a pro rata basis for each issuance as a percentage of the total offering. As of June 30, 2025 and December 31, 2024, due to related parties consisted of the following (in thousands):
|  | June 30, 2025 |  | December 31, 2024
Asset management fees |  | $ | 709 |  |  | $ | 1,403 |
Property management fees and reimbursements |  | 8,624 |  |  | 8,237 |
Expense reimbursements - corporate |  | 1,989 |  |  | 1,676 |
Expense reimbursements - lending segment |  | 2,008 |  |  | 1,994 |
Upfront dealer manager and trailing dealer manager fees |  | 183 |  |  | 186 |
Non-issuance specific offering costs |  | — |  |  | 289 |
Other amounts due to the CIM Management Entities and certain of its affiliates |  | 418 |  |  | 283 |
Total due to related parties |  | $ | 13,931 |  |  | $ | 14,068 |

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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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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