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RELATED-PARTY TRANSACTIONS (Tables)
 9 Months Ended
Sep. 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 ofTo 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 September 30,Nine Months Ended September 30, 2025
 2025202420252024
Asset Management Fees:
Asset management fees$331 $515 $1,040 $1,334 
Property Management Fees and Reimbursements:
Property management fees(1)
$478 $582 $1,541 $1,742 
Onsite management and other cost reimbursements(2)
$1,685 $2,397 $5,209 $5,866 
Leasing commissions(3)
$86 $97 $268 $335 
Construction management fees(4)
$70 $362 $498 $552 
Development management reimbursements(5)
$275 $397 $984 $1,410 
Administrative Fees and Expenses:
Expense reimbursements to related parties - corporate$1,174 $592 $2,691 $1,809 
Lending Segment Expenses:
Expense reimbursements to related parties - lending segment(6)
$679 $672 $2,016 $1,908 
Offering-Related Fees:
Upfront dealer manager and trailing dealer manager fees(7)
$— $169 $— $546 
Non-issuance specific offering costs (8)
$— $183 $— $606 
______________________
(1)Does not include the Company’s share of the property management fees from the Unconsolidated Joint Ventures of $25,000 and $69,000 for the three and nine months ended September 30, 2025, respectively, and $24,000 and $74,000 for the three and nine months ended September 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 $117,000 and $338,000 for the three and nine months ended September 30, 2025, respectively, and $176,000 and $414,000 for the three and nine months ended September 30, 2024, respectively.
(3)Does not include the Company’s share of the leasing commissions from the Unconsolidated Joint Ventures of $0 and $70,000 for the three and nine months ended September 30, 2025, respectively, and $0 and $10,000 for the three and nine months ended September 30, 2024, respectively.
(4)Does not include the Company’s share of the construction management fees from the Unconsolidated Joint Ventures of $21,000 and $144,000 for the three and nine months ended September 30, 2025, respectively, and $6,000 and $128,000 for the three and nine months ended September 30, 2024, respectively.
(5)Does not include the Company’s share of the development management reimbursements from the Unconsolidated Joint Ventures of $73,000 and $334,000 for the three and nine months ended September 30, 2025, respectively, and $241,000 and $625,000 for the three and nine months ended September 30, 2024, respectively.
(6)Expense reimbursements to related parties - lending segment do not include personnel costs capitalized to deferred loan origination costs of $24,000 and $48,000 for the three and nine months ended September 30, 2025, respectively, and $24,000 and $84,000 for the three and nine months ended September 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 September 30, 2025 and 2024, $0 and $3.2 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 September 30, 2025 and December 31, 2024, due to related parties consisted of the following (in thousands):
 September 30, 2025December 31, 2024
Asset management fees$1,040 $1,403 
Property management fees and reimbursements11,196 8,237 
Expense reimbursements - corporate3,163 1,676 
Expense reimbursements - lending segment2,687 1,994 
Upfront dealer manager and trailing dealer manager fees 40 186 
Non-issuance specific offering costs— 289 
Other amounts due to the CIM Management Entities and certain of its affiliates485 283 
Total due to related parties$18,611 $14,068