XML 44 R31.htm IDEA: XBRL DOCUMENT v3.3.1.900
Agreements and Transactions with Related Parties (Tables)
 12 Months Ended
Dec. 31, 2015
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 our advisor and other affiliates in accordance with the advisory agreement and the operating partnership agreement (in thousands):
 
Years Ended December 31,
 
2015
 
2014
 
2013
Amounts Included in the Consolidated Statements of Income
 
 
 
 
 
Asset management fees
$
29,192

 
$
26,694

 
$
21,953

Available Cash Distributions
24,668

 
20,427

 
16,899

Personnel and overhead reimbursements
12,199

 
11,931

 
10,536

Acquisition expenses
430

 
2,637

 
11,448

Interest expense on deferred acquisition fees and loan from affiliate
309

 
516

 
827

 
$
66,798

 
$
62,205

 
$
61,663

Acquisition Fees Capitalized
 
 
 
 
 
Current acquisition fees
$
8,180

 
$
3,979

 
$
4,777

Deferred acquisition fees
6,325

 
2,510

 
3,063

Capitalized personnel and overhead reimbursements
858

 
—

 
—

 
$
15,363

 
$
6,489

 
$
7,840


The following table presents a summary of amounts included in Due to affiliates in the consolidated financial statements (in thousands):
 
December 31,
 
2015
 
2014
Due to Affiliates
 
 
 
Deferred acquisition fees, including interest
$
6,134

 
$
9,394

Reimbursable costs
3,150

 
228

Asset management fees payable
2,497

 
2,283

Current acquisition fees
1,847

 
—

Accounts payable
6

 
527

Subordinated disposition fees
—

 
202

 
$
13,634

 
$
12,634