Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2015

Pursuant to the terms of the Advisory Agreement and the Management Agreement, summarized below are the related party amounts payable to our Former Advisor and the Manager, as of December 31, 2015 and December 31, 2014.

	December 31, 2015		December 31, 2014
Amounts Payable to the Former Advisor under our Prior and Terminated Advisory Agreement
Asset management and oversight fees	$	-	$	404
Acquisition fees and disposition fees		-		740
Financing fees		-		36
Total payable to the Former Advisor		-		1,180

Amounts Payable to the Manager under the New Management Agreement
Base management fee		1,133		310
Incentive fee		-		146
Operating Expense Reimbursements and Direct Expense Reimbursements		218		7
Total payable to the Manager		1,351		463
Total amounts payable to Former Advisor and Manager	$	1,351	$	1,643