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Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2018

Pursuant to the terms of the Management Agreement and the Administrative Services Agreement, summarized below are the related party amounts payable to the Company’s former Manager and BRE as of December 31, 2018 and 2017 (amounts in thousands):

	December 31, 2018		December 31, 2017
Amounts Payable to the former Manager under the Management Agreement
Base management fee	$	—	$	993
Total amounts payable to former Manager	$	—	$	993
Amounts Payable to BRE under the Administrative Services Agreement
Operating expense reimbursements and direct expense reimbursements	$	568	$	508
Offering expense reimbursements		158		74
Total amounts payable to BRE	$	726	$	582
Total	$	726	$	1,575