Related Party Transactions and Arrangements (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services

The following table details amounts incurred by the Company, ARCT III or ARCT IV, other than those incurred for the ARCT IV Merger, the Cole Merger, the ARCT III Merger and the ARCenters spin-off, and contractually due to ARC, the ARCT III Advisor, the ARCT IV Advisor or the Company’s Former Manager and forgiven in connection with the operations related services described above (in thousands):



	Three Months Ended March 31,								Payable as of
	2014				2013				March 31,		December 31,
	Incurred		Forgiven		Incurred		Forgiven		2014		2013
One-time fees:
Acquisition fees ⁽¹⁾	$	—	$	—	$	7,054	$	—	$	—	$	—
Financing fees and related cost reimbursements	—		—		7,500		—		—		—
Other expense reimbursements	—		—		54		—		—		—
Transaction fees	—		—		—		—		—		3,455
On-going fees:
Base management fees ⁽²⁾	—		—		2,654		370		—		5,654
Transfer agent fees	344		—		799		—		—		57
Property management and leasing fees ⁽²⁾	—		—		—		—		—		217
Strategic advisory fees	—		—		920		—		—		—
Distributions on Class B Units	—		—		2		—		—		—
Total operational fees and reimbursements	$	344	$	—	$	18,983	$	370	$	—	$	9,383

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(1) In conjunction with the ARCT III Merger, the payment of acquisition fees was terminated, except with respect to properties that were in ARCP’s or ARCT III’s pipeline at the ARCT III Merger date; any fees that were paid because the Company’s Former Manager or the ARCT III Advisor had sourced and negotiated the purchase price prior to the ARCT III Merger.

(2) The amounts incurred and paid were recognized in merger and other transaction related costs during the three months ended March 31, 2013 as they relate to the ARCT III Merger. The amounts incurred during the quarter ended March 31, 2013 and payable as of March 31, 2013 were accrued through January 7, 2014, the date prior to transition to self-management.

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 March 31,				Payable as of
	2014		2013		March 31, 2014		December 31, 2013
Total commissions and fees paid to RCS	$	—	$	139,961	$	—	$	—

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 Company’s Former Manager, the ARCT III Advisor, the ARCT IV Advisor and RCS (amounts in thousands):



	Three Months Ended March 31,				Payable as of
	2014		2013		March 31, 2014		December 31, 2013
Offering expense and other significant transactions reimbursements	$	1,865	$	12,077	$	—	$	—

Schedule of Related Party Transactions

The Company recorded commissions, fees and expense reimbursements as shown in the table below for services provided to the Managed REITs (as described above) during the period from the Cole Acquisition Date to March 31, 2014 (in thousands). As the Company did not commence operations for Cole Capital until the Cole Acquisition Date, comparative financial data is not presented for the three months ended March 31, 2013.



	Period from the Cole Acquisition Date to March 31, 2014
	CCPT IV		CCPT V		CCIT II		INAV		Total
Offering:
Selling commission revenue	$	29,125	$	—	$	371	$	21	$	29,517
Selling commissions reallowance expense	$	29,125	$	—	$	371	$	21	$	29,517
Dealer manager and distribution fee revenue	$	8,773	$	—	$	114	$	65	$	8,952
Dealer manager fees reallowance expense	$	4,864	$	—	$	53	$	2	$	4,919
Other expense reimbursement revenue	$	3,767	$	50	$	114	$	53	$	3,984

As the Company did not commence operations for Cole Capital until the Cole Acquisition Date, comparative financial data is not presented for the three months ended March 31, 2013.



	Period from the Cole Acquisition Date to March 31, 2014
	CCPT IV		CCPT V		CCIT		CCIT II		INAV		Other		Total
Operations:
Acquisition fee revenue	$	3,998	$	66	$	495	$	—	$	—	$	—	$	4,559
Asset management fee revenue	$	—	$	—	$	—	$	—	$	—	$	151	$	151
Property management and leasing fee revenue	$	—	$	—	$	—	$	—	$	—	$	100	$	100
Operating expense reimbursement revenue	$	1,065	$	17	$	429	$	—	$	—	$	—	$	1,511
Advisory and performance fee revenue	$	2,564	$	—	$	2,595	$	26	$	108	$	—	$	5,293

Schedule Of Investment In The Managed Real Estate Investment Trusts

The table below presents certain information related to the Company’s investments in the Managed REITs as of March 31, 2014 (carrying amount in thousands):



	March 31, 2014
Managed REIT	% of Outstanding Shares Owned		Carrying Amount of Investment
CCPT	0.01	%	$	5
CCPT IV	0.01	%	140
CCPT V	100.00	%	2,517
CCIT	0.01	%	97
CCIT II	33.14	%	2,139
INAV	0.28	%	163
			$	5,061