Related Person Transactions (Tables)

9 Months Ended

Jun. 30, 2022

For the three months ended June 30, 2022 and 2021, we recognized revenues from related parties as set forth in the following table:


	Three Months Ended June 30, 2022						Three Months Ended June 30, 2021
	Total						Total
	Management						Management
	and Advisory		Total				and Advisory		Total
	Services		Reimbursable		Total		Services		Reimbursable		Total
	Revenues		Costs		Revenues		Revenues		Costs		Revenues
Managed Public Real Estate Capital:(1)
DHC	$	7,208	$	41,318	$	48,526	$	9,699	$	32,722	$	42,421
ILPT	9,803		8,126		17,929		4,243		4,719		8,962
OPI	10,640		80,083		90,723		9,320		50,527		59,847
SVC	10,721		10,412		21,133		12,000		2,800		14,800
Total Managed Equity REITs	38,372		139,939		178,311		35,262		90,768		126,030
SEVN	1,137		1,006		2,143		757		533		1,290
TRMT (2)	—		—		—		377		1,218		1,595
	39,509		140,945		180,454		36,396		92,519		128,915

Managed Private Real Estate Capital:(1)
ABP Trust	1,048		5,473		6,521		1,073		5,457		6,530
Other private entities	4,182		11,042		15,224		1,065		1,429		2,494
	5,230		16,515		21,745		2,138		6,886		9,024

Managed Operating Companies:
ALR	1,239		99		1,338		1,794		104		1,898
Sonesta	2,491		46		2,537		1,522		91		1,613
TA	4,441		527		4,968		3,660		134		3,794
	8,171		672		8,843		6,976		329		7,305

Total revenues from related parties	52,910		158,132		211,042		45,510		99,734		145,244
Revenues from unrelated parties	46		—		46		—		—		—
	$	52,956	$	158,132	$	211,088	$	45,510	$	99,734	$	145,244

(1)On December 23, 2021, DHC sold a 35% equity interest in its existing joint venture with an institutional investor. Following this sale, DHC owned a 20% equity interest in this joint venture. As a result, the management fees earned with respect to this joint venture are characterized as Managed Private Real Estate Capital for periods on and after December 23, 2021 and as Managed Public Real Estate Capital for periods prior to December 23, 2021. On June 29, 2022, DHC sold an additional 10% equity interest in this joint venture. Following this additional sale, DHC owns a 10% equity interest in this joint venture.

(2)As discussed in Note 1, Basis of Presentation, TRMT merged with and into SEVN on September 30, 2021, with SEVN continuing as the surviving company. This table presents revenues for the three months ended June 30, 2021, for TRMT separately as they relate to a period prior to the Merger.

For the nine months ended June 30, 2022 and 2021, we recognized revenues from related parties as set forth in the following table:


	Nine Months Ended June 30, 2022						Nine Months Ended June 30, 2021
	Total						Total
	Management						Management
	and Advisory		Total				and Advisory		Total
	Services		Reimbursable		Total		Services		Reimbursable		Total
	Revenues		Costs		Revenues		Revenues		Costs		Revenues
Managed Public Real Estate Capital: (1)
DHC	$	23,737	$	109,241	$	132,978	$	27,273	$	105,907	$	133,180
ILPT	21,545		20,387		41,932		13,290		14,386		27,676
OPI	31,722		221,249		252,971		27,215		147,984		175,199
SVC	34,113		43,641		77,754		33,498		11,166		44,664
Total Managed Equity REITs	111,117		394,518		505,635		101,276		279,443		380,719
SEVN	3,392		4,563		7,955		2,057		1,474		3,531
TRMT (2)	—		—		—		1,412		2,856		4,268
	114,509		399,081		513,590		104,745		283,773		388,518

Managed Private Real Estate Capital: (1)
ABP Trust	3,139		18,314		21,453		3,171		16,022		19,193
Other private entities	9,311		23,092		32,403		2,671		4,090		6,761
	12,450		41,406		53,856		5,842		20,112		25,954

Managed Operating Companies:
ALR	3,610		245		3,855		5,573		289		5,862
Sonesta	6,092		84		6,176		2,511		170		2,681
TA	11,499		1,235		12,734		9,904		576		10,480
	21,201		1,564		22,765		17,988		1,035		19,023

Total revenues from related parties	148,160		442,051		590,211		128,575		304,920		433,495
Revenues from unrelated parties	99		—		99		259		—		259
	$	148,259	$	442,051	$	590,310	$	128,834	$	304,920	$	433,754

(2)As discussed in Note 1, Basis of Presentation, TRMT merged with and into SEVN on September 30, 2021, with SEVN continuing as the surviving company. This table presents revenues for the nine months ended June 30, 2021, for TRMT separately as they relate to a period prior to the Merger.

Amounts Due From Related Parties

The following table represents amounts due from related parties as of the dates indicated:


	June 30, 2022						September 30, 2021
	Accounts		Reimbursable				Accounts		Reimbursable
	Receivable		Costs		Total		Receivable		Costs		Total
Managed Public Real Estate Capital:
DHC	$	4,210	$	18,860	$	23,070	$	6,005	$	17,866	$	23,871
ILPT	3,560		9,878		13,438		2,934		6,928		9,862
OPI	6,974		35,190		42,164		8,625		33,693		42,318
SVC	4,170		4,077		8,247		5,841		8,992		14,833
Total Managed Equity REITs	18,914		68,005		86,919		23,405		67,479		90,884
SEVN	1,063		802		1,865		1,717		1,180		2,897

	19,977		68,807		88,784		25,122		68,659		93,781

Managed Private Real Estate Capital:
ABP Trust	1,011		2,849		3,860		1,202		2,678		3,880
Other private entities	2,661		4,998		7,659		869		770		1,639
	3,672		7,847		11,519		2,071		3,448		5,519

Managed Operating Companies:
ALR	120		673		793		136		422		558
Sonesta	(63)		—		(63)		17		—		17
TA	109		7,964		8,073		124		2,993		3,117
	166		8,637		8,803		277		3,415		3,692

	$	23,815	$	85,291	$	109,106	$	27,470	$	75,522	$	102,992

For the three and nine months ended June 30, 2022 and 2021, we recognized cash and equity based separation costs as set forth in the following table:


	Three Months Ended June 30,				Nine Months Ended June 30,
	2022		2021		2022		2021
Former executive officers:
Cash separation costs	$	—	$	—	$	—	$	2,900
Equity based separation costs	—		—		—		295
	—		—		—		3,195
Former nonexecutive officers:
Cash separation costs (1)	252		—		469		805
Equity based separation costs	148		—		148		159
	400		—		617		964
Total separation costs	$	400	$	—	$	617	$	4,159

(1)During the nine months ended June 30, 2021, we were indemnified for a withdrawal liability of $515 that we had recorded during the three months ended September 30, 2020 related to a prior client’s shared pension plan accounted for as a multiemployer benefit plan.