Company: FVR
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042774
Chunk: 143

Company: FrontView REIT, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 143
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 as of December 31, 2024, which will be excluded from the computation of earnings per share until they vest.(2)Represents the weighted average effects of 10,532 OP Units outstanding at December 31, 2024.

12. OTHER ASSETS Other assets consist of the following: 

        Successor

        Predecessor

        (in thousands)
         
        December 31, 2024

        December 31, 2023

        Accounts receivable, net
         
        $
        1,960

        $
        1,747

        Deferred rent receivables

        8,969

        7,546

        Deferred offering costs

        —

        3,186

        Deferred financing transaction costs, net

        2,452

        —

        Prepaid expenses and other assets

        3,560

        1,662

        Total other assets
         
        $
        16,941

        $
        14,141

81

13. RELATED PARTY TRANSACTIONS Predecessor transactionsRelated parties consist of the Predecessor's general partner and the Sponsor, their employees, officers, directors and parties related to them and entities under their control. In addition to disclosures elsewhere in these consolidated financial statements: (a)During the year ended December 31, 2023, the Predecessor incurred structuring fees and placement fees (“Issue Costs”) of (1) $2 payable to NAPG Equities Inc. (“Equities”) in respect of Common Units issued to Canadian investors, and (2) $243 payable to North American Property Group (“NAPG”) and $81 payable to NARS, in each case, in respect of Common Units issued to U.S. investors. Equities and NAPG are owned by one of the directors of the Predecessor's general partner, and NARS is a partnership affiliated with the Predecessor's general partner. A director of NARS is also a director of the Predecessor's general partner. As of December 31, 2023, the Predecessor paid all Issue Costs to Equities, NAPG, and NARS. (b)During the years ended December 31, 2024 and 2023, the Predecessor incurred asset management fees of $3,124 and $4,139, respectively, acquisition fees of $0 and $1,080 respectively, and property management fees