Related Party Transactions |
12 Months Ended |
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Dec. 31, 2022 | |
| Related Party Transactions | |
| Related Party Transactions |
Note 6 –Related Party Transactions Related Party Balances The due from related parties balance as of December 31, 2022 and 2021 was $200 and $163, 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, 2022 and 2021. 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. For the year ended December 31, 2020 (prior to the completion of the management internalization transaction) management fees of $4,024 were incurred and expensed by the Company. |
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include 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. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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