Related-Party Transactions (Tables)

6 Months Ended

Jun. 30, 2013

Pursuant to the terms of the agreements described above, Wells VAF I incurred the following related-party costs for the three months and six months ended June 30, 2013 and 2012, respectively, portions of which are included in income from discontinued operations in the accompanying statements of operations:



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Administrative reimbursements⁽¹⁾	$	70,282	$	117,875	$	148,219	$	246,924
Asset management fees⁽¹⁾	53,813		99,575		107,625		218,525
Disposition fees⁽¹⁾	—		78,250		—		78,250
Property management fees⁽¹⁾	—		25,957		9,803		59,687
Total	$	124,095	$	321,657	$	265,647	$	603,386


⁽¹⁾	Administrative reimbursements, asset management fees, disposition fees and property management fees are expensed as incurred.

As of June 30, 2013 and December 31, 2012, due to affiliates was comprised of the following items:



	6/30/2013		December 31, 2012
Administrative reimbursements and bill-backs	$	20,133	$	29,442
Property management fees	—		4,629
	$	20,133	$	34,071