Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate

The following table details total selling commissions and dealer manager fees incurred from and payable to the Legacy Dealer Manager related to the sale of Common Stock as of and for the periods presented:



										Payable as of
	Three Months Ended June 30,				Six Months Ended June 30,					June 30,		December 31,
(In thousands)	2015		2014		2015			2014		2015		2014
Total commissions and fees to Legacy Dealer Manager	$	—	$	97,303	$	(8	)	$	146,556	$	—	$	13

Schedule of Offering Costs Reimbursements to Related Party

The following table details fees and offering cost reimbursements incurred and payable to the Advisor and the Legacy Dealer Manager related to the sale of Common Stock as of and for the periods presented:



									Payable as of
	Three Months Ended June 30,				Six Months Ended June 30,				June 30,		December 31,
(In thousands)	2015		2014		2015		2014		2015		2014
Fees and expense reimbursements to the Advisor and Legacy Dealer Manager	$	40	$	3,672	$	—	$	11,746	$	—	$	61

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

The following table reflects related party fees incurred, forgiven and contractually due as of and for the periods presented:



	Three Months Ended June 30,								Six Months Ended June 30,								Payable as of
	2015				2014				2015				2014				Payable as of
(In thousands)	Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		June 30, 2015		December 31, 2014
One-time fees and reimbursements:
Acquisition fees and related cost reimbursements	$	128	$	—	$	4,224	$	—	$	708	$	—	$	9,155	$	—	$	—	$	2
Financing coordination fees	498		—		1,703		—		498		—		2,847		—		—		—
Ongoing fees:
Asset management fees^{(1) (2)}	4,501		—		—		—		4,501		—		—		—		—		—
Property management and leasing fees	1,009		612		124		118		2,013		1,205		187		203		82		52
Strategic advisory fees	—		—		108		—		—		—		215		—		—		—
Dividends on Class B units	309		—		21		—		433		—		27		—		310		—
Vesting of Class B units ⁽¹⁾	14,480		—		—		—		14,480		—		—		—		—		—
Total related party operational fees and reimbursements	$	20,925	$	612	$	6,180	$	118	$	22,633	$	1,205	$	12,431	$	203	$	392	$	54

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⁽¹⁾

From January 1, 2013 to April 1, 2015, the Company paid asset management fees to the Advisor in the form of restricted performance based Class B units, which would vest if certain conditions occur. From April 1, 2015 until the Listing Date, the Company paid the Advisor asset management fees in cash (as elected by the Advisor). From Listing Date, the Advisor received asset management fees in cash in accordance with the Amended and Restated Advisory Agreement. At Listing Date, all Class B units held by the Advisor converted to OP Units.


⁽²⁾	For the three months ended June 30, 2015, the asset management fees noted above is inclusive of $0.8 million of Listing related fees.