RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2023

The following table summarizes the related party costs incurred by the Company for the three and nine months ended September 30, 2023 and 2022:


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Affiliate Costs
Management fees	$	1,347,378	$	1,318,563	$	4,046,179	$	3,869,023
Less: outside fees earned	(405,276)		(432,426)		(1,311,501)		(1,307,969)
Base management fees	942,102		886,137		2,734,678		2,561,054
Incentive fees earned	2,632,765		2,938,598		7,857,901		9,312,462
General and administrative expenses reimbursable to Manager	817,985		910,243		2,801,214		2,790,846
Total	$	4,392,852	$	4,734,978	$	13,393,793	$	14,664,362