Related Party Transactions and Arrangements (Tables)

6 Months Ended

Jun. 30, 2014

Operational Fees And Reimbursements [Member]

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 disposition of the Multi-Tenant Portfolio, 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 June 30,								Six Months Ended June 30,								Payable as of
	2014				2013				2014				2013				June 30,		December 31,
	Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		2014		2013
One-time fees:
Acquisition fees ⁽¹⁾	$	—	$	—	$	11,515	$	—	$	—	$	—	$	16,851	$	—	$	—	$	—
Financing fees and related cost reimbursements	—		—		5,656		—		—		—		13,156		—		—		—
Other expense reimbursements	549		—		6,545		—		549		—		8,317		—		391		—
Transaction fees	—		—		—		—		—		—		—		—		—		3,455
On-going fees:
Base management fees ⁽²⁾	—		—		2,000		2,000		—		—		4,654		2,370		—		5,654
Transfer agent fees	—		—		535		—		344		—		648		—		—		57
Property management and leasing fees ⁽²⁾	—		—		—		—		—		—		799		799		—		217
Strategic advisory fees	—		—		—		—		—		—		920		—		—		—
Distributions on Class B Units	—		—		7		—		—		—		9		—		—		—
Total operational fees and reimbursements	$	549	$	—	$	26,258	$	2,000	$	893	$	—	$	45,354	$	3,169	$	391	$	9,383

____________________________________

(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 six months ended June 30, 2013 as they relate to the ARCT III Merger. The amounts incurred during the six months ended June 30, 2013 were accrued through January 7, 2014, the date prior to transition to self-manag

Commission Fee [Member]

Schedule of Related Party Transactions

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
	2014		2013		2014		2013		June 30, 2014		December 31, 2013
Total commissions and fees paid to RCS	$	2,000	$	7,345	$	2,000	$	147,306	$	—	$	—

Offering Expense And Other Significant Transactions Reimbursements [Member]

Schedule of Related Party Transactions

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 June 30,				Six Months Ended June 30,				Payable as of
	2014		2013		2014		2013		June 30, 2014		December 31, 2013
Offering expense and other significant transactions reimbursements	$	—	$	746	$	1,865	$	12,710	$	—	$	—

Commissions, Fees and Expense Reimbursements [Member]

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 three months ended June 30, 2014 and the period from the Cole Acquisition Date to June 30, 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 and six months ended June 30, 2013.



	Three Months Ended June 30, 2014
	CCPT IV ⁽¹⁾			CCPT V		CCIT II		INAV		Total
Offering:
Selling commission revenue	$	(12	)	$	1,347	$	4,579	$	195	$	6,109
Selling commissions reallowance expense	(12		)	1,347		4,579		195		6,109
Dealer manager fee revenue	(2		)	416		1,372		123		1,909
Dealer manager fees reallowance expense	107			178		668		6		959
Other expense reimbursement revenue	(18		)	415		1,372		182		1,951

(1) Due to net cancellations during the quarter, related to shares sold prior to the fund closing on February 25, 2014.



	Period from the Cole Acquisition Date to June 30, 2014
	CCPT IV		CCPT V		CCIT II		INAV		Total
Offering:
Selling commission revenue	$	29,113	$	1,347	$	4,950	$	216	$	35,626
Selling commissions reallowance expense	29,113		1,347		4,950		216		35,626
Dealer manager and distribution fee revenue	8,771		416		1,486		188		10,861
Dealer manager fees reallowance expense	4,971		178		721		8		5,878
Other expense reimbursement revenue	3,749		465		1,486		235		5,935

Fees and Expense Reimbursements [Member]

Schedule of Related Party Transactions

The Company recorded fees and expense reimbursements as shown in the table below for services provided primarily to the Managed REITs (as described above) during the three months ended June 30, 2014 and the period from the Cole Acquisition Date to June 30, 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 and six months ended June 30, 2013.



	Three Months Ended June 30, 2014
	CCPT IV		CCPT V		CCIT		CCIT II		INAV		Other
Operations:
Acquisition fee revenue	$	6,786	$	519	$	3,232	$	3,874	$	—	$	—
Asset management fee revenue	$	—	$	—	$	—	$	—	$	—	$	253
Property management and leasing fee revenue	$	—	$	—	$	—	$	—	$	—	$	474
Operating expense reimbursement revenue	$	1,538	$	167	$	756	$	79	$	135	$	—
Advisory and performance fee revenue	$	4,747	$	9	$	4,561	$	115	$	198	$	—



	Period from the Cole Acquisition Date to June 30, 2014
	CCPT IV		CCPT V		CCIT		CCIT II		INAV		Other
Operations:
Acquisition fee revenue	$	10,784	$	585	$	3,727	$	3,874	$	—	$	—
Asset management fee revenue	—		—		—		—		—		404
Property management and leasing fee revenue	—		—		—		—		—		574
Operating expense reimbursement revenue	2,603		184		1,185		79		135		—
Advisory and performance fee revenue	7,311		9		7,156		141		306		—

Investments In Managed Real Estate Investment Trusts [Member]

Schedule of Related Party Transactions

The table below presents certain information related to the Company’s investments in the Managed REITs as of June 30, 2014 (carrying amount in thousands):



	June 30, 2014
Managed REIT	% of Outstanding Shares Owned		Carrying Amount of Investment
CCPT IV	0.01	%	$	137
CCPT V	12.39	%	1,732
CCIT	0.01	%	79
CCIT II	3.79	%	1,809
INAV	0.22	%	160
			$	3,917