XML 58 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions and Arrangements (Tables)
9 Months Ended
Sep. 30, 2018
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The table below reflects the revenue earned from the Cole REITs (including closed programs, as applicable) for the period from January 1, 2018 through January 31, 2018 and the three and nine months ended September 30, 2017 and revenue earned from unconsolidated joint ventures for the three and nine months ended September 30, 2018 and 2017 (in thousands)
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
2018 (1)
 
2017
Offering-related fees and reimbursements
 
 
 
 
 
 
 
 
Selling commissions (2)
 
$

 
$
1,816

 
$
407

 
$
6,336

Dealer manager and distribution fees (3)
 

 
1,278

 
431

 
3,766

Reimbursement revenue
 

 
788

 
189

 
2,619

Offering-related fees and reimbursements
 

 
3,882

 
1,027

 
12,721

 
 
 
 
 
 
 
 
 
Transaction service fees and reimbursements
 
 
 
 
 
 
 
 
Acquisition fees
 

 
3,320

 
119

 
9,965

Reimbursement revenues
 

 
644

 
215

 
2,145

Transaction service fees and reimbursements
 

 
3,964

 
334

 
12,110

 
 
 
 
 
 
 
 
 
Management fees and reimbursements
 
 
 
 
 
 
 
 
Asset and property management fees and leasing fees (4)
 
37

 
56

 
123

 
161

Advisory and performance fee revenue
 

 
14,532

 
5,023

 
42,318

Reimbursement revenues
 

 
4,620

 
1,429

 
14,070

Management fees and reimbursements
 
37

 
19,208

 
6,575

 
56,549

 
 
 
 
 
 
 
 
 
Interest income on Affiliate Lines of Credit
 

 
24

 
28

 
221

 
 
 
 
 
 
 
 
 
Total related party revenues
 
$
37

 
$
27,078

 
$
7,964

 
$
81,601

___________________________________
(1)
Represents the revenue earned during the period from January 1, 2018 through January 31, 2018.
(2)
The Company reallowed 100% of selling commissions to participating broker-dealers from January 1, 2018 through January 31, 2018 and during the three and nine months ended September 30, 2017.
(3)
During the nine months ended September 30, 2018, the Company reallowed $0.2 million of dealer manager fees and/or distribution and stockholder servicing fees to participating broker-dealers as a marketing and due diligence expense reimbursement. During the three and nine months ended September 30, 2017, the Company reallowed $0.6 million and $1.6 million, respectively, of such fees.
(4)
Represents asset and property management fees and leasing fees related to properties owned through the Company’s unconsolidated joint ventures.