Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2015

Pursuant to the terms of the Advisory Agreement and the Management Agreement, summarized below are the related party amounts payable to our Former Advisor and the Manager, as of March 31, 2015 and December 31, 2014 (in thousands).

	March 31,		December 31,
	2015		2014
Amounts Payable to the Former Advisor under our Prior and Terminated Advisory Agreement
Asset management and oversight fees	$	404	$	404
Acquisition fees and disposition fees		740		740
Financing fees		36		36
Total payable to the Former Advisor		1,180		1,180

Amounts Payable to the Manager under the New Management Agreement
Base management fee		519		310
Incentive fee		931		146
Other		4		7
Total payable to the Manager		1,454		463
Total amounts payable to Former Advisor and Manager	$	2,634	$	1,643