Global Medical REIT Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

Related Party Transactions	12 Months Ended
Dec. 31, 2021
Related Party Transactions
Related Party Transactions	Note 6 – Related Party Transactions Management Agreement and Management Fees On July 9, 2020, the Company completed the management internalization transaction. Prior to the completion of this transaction, the Company was subject to a management agreement dated July 1, 2016, by and between the Company and the former advisor. As a result of the completion of the management internalization transaction, for the year ended December 31, 2021, no management fees were incurred and expensed by the Company. For the years ended December 31, 2020 (prior to the completion of the management internalization transaction), and 2019, management fees of $4,024, and $6,266, respectively, were incurred and expensed by the Company. No incentive management fee was incurred by the Company during the years ended December 31, 2021, 2020, and 2019. Related Party Balances The due from related parties balance as of December 31, 2021 and 2020 was $163 and $103, respectively. These balances primarily consist of taxes paid on behalf of LTIP Unit and OP Unit holders that are reimbursable to the Company. The Company had no amounts due to related parties as of December 31, 2021 and 2020.

Related Party Transactions

12 Months Ended

Dec. 31, 2021

Related Party Transactions

Related Party Transactions

Note 6 – Related Party Transactions

Management Agreement and Management Fees

On July 9, 2020, the Company completed the management internalization transaction. Prior to the completion of this transaction, the Company was subject to a management agreement dated July 1, 2016, by and between the Company and the former advisor. As a result of the completion of the management internalization transaction, for the year ended December 31, 2021, no management fees were incurred and expensed by the Company. For the years ended December 31, 2020 (prior to the completion of the management internalization transaction), and 2019, management fees of $4,024, and $6,266, respectively, were incurred and expensed by the Company. No incentive management fee was incurred by the Company during the years ended December 31, 2021, 2020, and 2019.

Related Party Balances

The due from related parties balance as of December 31, 2021 and 2020 was $163 and $103, respectively. These balances primarily consist of taxes paid on behalf of LTIP Unit and OP Unit holders that are reimbursable to the Company. The Company had no amounts due to related parties as of December 31, 2021 and 2020.