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RELATED-PARTY TRANSACTIONS (Tables)
 9 Months Ended
Sep. 30, 2023
Related Party Transactions [Abstract]  
Schedule of Asset Management Fees Calculation Pursuant to the Investment Management Agreement, the asset management fee prior to January 1, 2022 fee was calculated (without giving effect to the Fee Waiver) as a percentage of the daily average adjusted fair value of CIM Urban’s assets as follows (dollar amounts in thousands):
Daily Average Adjusted Fair
Value of CIM Urban’s Assets		 
Quarterly Fee
Percentage
From Greater ofTo and Including
$— $500,000 0.2500%
$500,000 $1,000,000 0.2375%
$1,000,000 $1,500,000 0.2250%
$1,500,000 $4,000,000 0.2125%
$4,000,000 $20,000,000 0.1000%
The Company recorded fees and expense reimbursements as shown in the table below for services provided by related parties related to the services described above during the periods indicated (in thousands):
Three Months Ended September 30,Nine Months Ended September 30, 2023
 2023202220232022
Asset Management Fees:
Asset management fees(1)
$724 $916 $2,071 $2,757 
Property Management Fees and Reimbursements:
Property management fees(2)
$551 $442 $1,579 $1,293 
Onsite management and other cost reimbursements(3)
$1,707 $922 $4,238 $2,153 
Leasing commissions(4)
$27 $635 $103 $740 
Construction management fees(5)
$112 $102 $282 $300 
Development management reimbursements(6)
$327 $— $980 $— 
Administrative Fees and Expenses:
Expense reimbursements to related parties - corporate$524 $511 $1,729 $1,459 
Lending Segment Expenses:
Expense reimbursements to related parties - lending segment(7)
$648 $539 $2,166 $1,612 
Offering-Related Fees:
Upfront dealer manager and trailing dealer manager fees(8)
$337 $778 $1,027 $1,052 
Non-issuance specific offering costs (9)
$154 $230 $460 $319 
______________________
(1)The Company issued to the Operator 36,843 and 36,779 shares of Series A1 Preferred Stock in lieu of cash payment for the asset management fees incurred during the three months ended March 31, 2022 and June 30, 2022, respectively.
(2)Does not include the company’s share of the property management fees from the Unconsolidated Joint Ventures of $20,000 and and $57,000 for the three and nine months ended September 30, 2023, respectively, and $13,000 and $28,000 for the three and nine months ended September 30, 2022, respectively.
(3)Does not include the Company’s share of the onsite management and other cost reimbursements from the Unconsolidated Joint Ventures of $114,000 and $255,000 for the three and nine months ended September 30, 2023, respectively, and $33,000 and $66,000 for the three and nine months ended September 30, 2022, respectively.
(4)Does not include the Company’s share of the leasing commissions from the Unconsolidated Joint Ventures of $18,000 and $32,000 for the three and nine months ended September 30, 2023, respectively, and $4,000 for the three and nine months ended September 30, 2022, respectively.
(5)Does not include the Company’s share of the construction management fees from the Unconsolidated Joint Ventures of $26,000 and $85,000 for the three and nine months ended September 30, 2023, respectively, and $6,000 and $9,000 for the three and nine months ended September 30, 2022.
(6)Does not include the Company’s share of the development management reimbursements from the Unconsolidated Joint Ventures of $135,000 and $322,000 for the three and nine months ended September 30, 2023, respectively.
(7)Expense reimbursements to related parties - lending segment do not include personnel costs capitalized to deferred loan origination costs of $6,000 and $67,000 for the three and nine months ended September 30, 2023, respectively, and $118,000 and $316,000 for the three and nine months ended September 30, 2022, respectively.
(8)Represents fees earned by CCO Capital and allocated to Series A1 Preferred Stock, Series A Preferred Stock and Series D Preferred Stock. (9)As of September 30, 2023 and September 30, 2022, $2.6 million and $2.6 million, respectively, was included in deferred costs as reimbursable expenses incurred pursuant to the Master Services Agreement and the then applicable dealer manager agreement with CCO Capital. These non-issuance specific costs are allocated against the gross proceeds from the sale of the Series A1 Preferred Stock, Series A Preferred Stock and Series D Preferred Stock on a pro rata basis for each issuance as a percentage of the total offering.
As of September 30, 2023 and December 31, 2022, due to related parties consisted of the following (in thousands):
 September 30, 2023December 31, 2022
Asset management fees$677 $812 
Property management fees and reimbursements2,701 1,214 
Expense reimbursements - corporate524 466 
Expense reimbursements - lending segment202 124 
Upfront dealer manager and trailing dealer manager fees327 454 
Non-issuance specific offering costs107 17 
Other amounts due (from) to the CIM Management Entities and certain of its affiliates201 68 
Total due to related parties$4,739 $3,155