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Related Party Transactions and Arrangements (Tables)
6 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate
The following table details the results of such activities related to RCS, which are recorded as offering costs on the consolidated statement of changes in equity (amounts in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
Payable as of
 
 
2013
 
2012
 
2013
 
2012
 
June 30, 2013
 
December 31, 2012
Total commissions and fees paid to RCS
 
$

 
$
57,914

 
$

 
$
79,791

 
$

 
$

Schedule Of Offering Costs Reimbursements to Related Party
The following table details the results of such activities related to offering and other significant transactions costs reimbursed to the Manager, the ARCT III Advisor and RCS (amounts in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
Payable as of
 
 
2013
 
2012
 
2013
 
2012
 
June 30, 2013
 
December 31, 2012
Offering expense and other significant transactions reimbursements
 
$
499

 
$
12,869

 
$
1,114

 
$
20,231

 
$
100

 
$

Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services
The following table details amounts incurred by the Company or ARCT III and contractually due to the Sponsor, ARCT III Advisor or the Manager and forgiven in connection with the operations related services described above (amounts in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
Payable as of
 
 
2013
 
2012
 
2013
 
2012
 
June 30, 2013
 
December 31, 2012
 
 
Incurred
 
Forgiven
 
Incurred
 
Forgiven
 
Incurred
 
Forgiven
 
Incurred
 
Forgiven
 
 
One-time fees:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition fees (1)
 
$
510

 
$

 
$
3,138

 
$

 
$
3,104

 
$

 
$
5,183

 
$

 
$

 
$
364

Financing fees and related cost reimbursements
 

 

 
601

 

 
7,500

 

 
1,259

 

 

 

Other expense reimbursements
 
6,545

 

 
2,396

 

 
8,317

 

 
3,913

 

 

 
18

On-going fees:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Base management fees (2)
 
2,000

 
2,000

 
966

 
966

 
4,654

 
2,370

 
1,447

 
1,235

 

 

Transfer agent fees
 
77

 

 

 

 
190

 

 

 

 
23

 

Property management and leasing fees (2)
 

 

 
148

 
148

 
799

 
799

 
211

 
211

 

 

Total operational fees and reimbursements
 
$
9,132

 
$
2,000

 
$
7,249

 
$
1,114

 
$
24,564

 
$
3,169

 
$
12,013

 
$
1,446

 
$
23

 
$
382

Schedule of General and Administrative Expenses Absorbed by Affiliate
The following table details general and administrative expenses absorbed by the Sponsor and the ARCT III Advisor and paid to the Company or ARCT III during the three and six months ended June 30, 2013 (amounts in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
Receivable as of
 
 
2013
 
2012
 
2013
 
2012
 
June 30, 2013
 
December 31, 2012
General and administrative expenses absorbed
 
$

 
$
80

 
$

 
$
164

 
$

 
$