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Agreements and Transactions with Related Parties (Tables)
6 Months Ended
Jun. 30, 2014
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following tables present a summary of fees we paid, expenses we reimbursed, and distributions we made to the advisor and other affiliates in accordance with the advisory agreement and the operating partnership agreement (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Amounts Included in the Consolidated Statements of Income:
 
 
 
 
 

 
 

Asset management fees
$
6,846

 
$
5,365

 
$
13,465

 
$
10,476

Available Cash Distribution
4,590

 
4,847

 
9,269

 
9,124

Personnel and overhead reimbursements
2,503

 
1,628

 
5,622

 
4,267

Office rent reimbursements
321

 
365

 
702

 
583

Acquisition expenses
298

 
404

 
1,191

 
1,170

Interest expense on deferred acquisition fees and loan from affiliate
129

 
206

 
280

 
442

 
$
14,687

 
$
12,815

 
$
30,529

 
$
26,062

Acquisition Fees Capitalized:
 
 
 
 
 
 
 
Current acquisition fees
$
1,351

 
$
862

 
$
1,355

 
$
2,187

Deferred acquisition fees
682

 
364

 
690

 
1,218

 
$
2,033

 
$
1,226

 
$
2,045

 
$
3,405


 
June 30, 2014
 
December 31, 2013
Due to Affiliates:
 
 
 
Deferred acquisition fees, including interest
$
9,446

 
$
15,573

Asset management fees payable
2,284

 
1,972

Accounts payable
1,843

 
2,200

Reimbursable costs
425

 
264

Subordinated disposition fees
202

 
202

 
$
14,200

 
$
20,211