Business and Property Management Agreements with RMR (Tables)

12 Months Ended

Dec. 31, 2024

Real Estate [Abstract]

Schedule of Business Management Fees, Property Management Fees and Construction Supervision Fees Recognized in Condensed Financial Statements

For the years ended December 31, 2024, 2023 and 2022, the business management fees, property management fees and construction supervision fees recognized in our consolidated financial statements were as follows:

	Year Ended December 31,
	2024		2023		2022
Pursuant to business management agreement:
Net business management fees (1)	$	29,653	$	33,352	$	35,495
Pursuant to property management agreement:
Property management fees	$	6,012	$	3,702	$	3,998
Construction supervision fees	5,958		4,666		2,130
	$	11,970	$	8,368	$	6,128
Expense reimbursement:
Property level expenses	$	4,445	$	4,648	$	3,258

(1)The net business management fees we recognized for each of the years ended December 31, 2024, 2023 and 2022 reflect a reduction of $3,585 for the amortization of the liability we recorded in connection with our former investment in RMR Inc.