Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2019

Related Party Transactions

Amount recorded in pursuant to related party arrangement

The Company, pursuant to the related party arrangements, has recorded the following amounts for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Acquisition fees (capitalized and are reflected in the carrying value of the investment)	$	—	$	—	$	1,823	$	—
Asset management fees (general and administrative costs)		303		392		941		1,283
Property management fees (property operating expenses)		67		120		222		409
Development fees and leasing commissions*		—		62		167		182
Total	$	370	$	574	$	3,153	$	1,874

*    Generally, capitalized and amortized over the estimated useful life of the associated asset.

Investments in and Advances to Affiliates

The Preferred Investments are summarized as follows:

			Preferred Investment Balance				Investment Income(1)
			As of		As of		Three Months Ended September 30,				Nine Months Ended September 30,
Preferred Investments	Dividend Rate		September 30, 2019		December 31, 2018		2019		2018		2019		2018
40 East End Avenue	12	%	$	30,000	$	30,000	$	920	$	920	$	2,730	$	2,730
30‑02 39th Avenue	12	%		—		10,000		—		307		140		910
485 7th Avenue	12	%		—		—		—		—		—		1,095
East 11th Street	12	%		26,000		43,000		797		1,763		2,705		4,970
Miami Moxy	12	%		20,000		17,733		615		457		1,705		1,229
Total Preferred Investments			$	76,000	$	100,733	$	2,332	$	3,447	$	7,280	$	10,934

Note:

(1) –Included in interest and dividend income on the consolidated statements of operations.