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Noncontrolling Interests (Tables)
3 Months Ended
Mar. 31, 2022
Noncontrolling Interest [Abstract]  
Schedule of Redeemable Noncontrolling Interests

The following table sets forth the redeemable noncontrolling interests in the OP for the three months ended March 31, 2022 (in thousands):

 

Redeemable noncontrolling interests in the OP, December 31, 2021

 

$

6,139

 

Net loss attributable to redeemable noncontrolling interests in the OP

 

 

(14

)

Other comprehensive income attributable to redeemable noncontrolling interests in the OP

 

 

164

 

Contributions from redeemable noncontrolling interests in the OP

 

 

 

Distributions to redeemable noncontrolling interests in the OP

 

 

(9

)

Adjustment to reflect redemption value of redeemable noncontrolling interests in the OP

 

 

334

 

Redeemable noncontrolling interests in the OP, March 31, 2022

 

$

6,614

 

 

Summary of Fees Incurred to BH And Its Affiliates As Well As Reimbursements Paid to BH The following is a summary of fees that the properties incurred to BH and its affiliates, as well as reimbursements paid to BH from the properties for various operating expenses, for the three months ended March 31, 2022 and 2021 (in thousands):

 

 

 

For the Three Months Ended March 31,

 

 

 

 

2022

 

 

2021

 

 

Fees incurred

 

 

 

 

 

 

 

 

 

Property management fees

(1)

$

1,750

 

 

$

1,479

 

 

Construction supervision fees

(2)

 

325

 

 

 

254

 

 

Design fees

(2)

 

 

 

 

54

 

 

Aerwave fees

(3)

 

124

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reimbursements

 

 

 

 

 

 

 

 

 

Payroll and benefits

(3)

 

5,164

 

 

 

4,238

 

 

Other reimbursements

(4)

 

1,028

 

 

 

825

 

 

 

(1)

Included in property management fees on the consolidated statements of operations and comprehensive income.

(2)

Capitalized on the consolidated balance sheets and reflected in buildings and improvements.

(3)

Included in property operating expenses on the consolidated statements of operations and comprehensive income.

(4)

Includes property operating expenses such as repairs and maintenance costs and certain property general and administrative expenses, which are included on the consolidated statements of operations and comprehensive income.