Related Party Transactions

12 Months Ended

Dec. 31, 2020

Related Party TransactionsAs described further in Note 7 'Investments in Unconsolidated Entity', during the three months ended March 31, 2019, we formed an unconsolidated entity with Alinda, an infrastructure investment firm. We contributed a hyperscale data center

under development in Manassas, Virginia to the entity. The facility, and the previously executed operating lease to a global cloud-based software company pursuant to a 10-year lease agreement, was contributed in exchange for cash and noncash consideration in the form of equity interest in the entity that was measured at fair value pursuant to ASC Topic 820. Alinda and us each own a 50% interest in the entity.

Under the unconsolidated entity operating agreement, we serve as the entity’s operating member, subject to authority and oversight of a board appointed by us and Alinda, and separately we serve as manager and developer of the facility in exchange for management and development fees. During the years ended December 31, 2020 and 2019, we received $0.9 million and $0.6 million in development fees from the unconsolidated entity, respectively, as well as $0.8 million and $0.6 million in management fees from the unconsolidated entity, respectively.

In addition, we periodically execute transactions with entities affiliated with our Chairman and Chief Executive Officer. Such transactions include automobile, furniture and equipment purchases as well as building operating lease payments and receipts, and reimbursement for the use of a private aircraft service by our officers and directors.

The transactions which occurred during the years ended December 31, 2020, 2019 and 2018 are outlined below (in thousands):


	For the Year Ended December 31,
	2020		2019		2018
Tax, utility, insurance and other reimbursement	$	694	$	967	$	724
Rent expense	1,027		1,014		1,014
Capital assets acquired	—		704		464
Total	$	1,721	$	2,685	$	2,202