Related Party Transactions and Arrangements (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate

The following table details total selling commissions and dealer manager fees incurred and payable to the Dealer Manager related to the sale of common stock as of and for the periods presented:



	Three Months Ended				Payable as of
	March 31,				March 31,		December 31,
(In thousands)	2014		2013		2014		2013
Total commissions and fees incurred from Dealer Manager	$	8	$	7,160	$	—	$	857

Schedule Of Offering Costs Reimbursements to Related Party

The following table details offering costs reimbursements incurred and payable to the Advisor and Dealer Manager related to the IPO as of and for the periods presented:



	Three Months Ended				Payable as of
	March 31,				March 31,		December 31,
(In thousands)	2014		2013		2014		2013
Fees and expense reimbursements from the Advisor and Dealer Manager	$	—	$	696	$	—	$	416

Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services

The following table details amounts incurred, forgiven and contractually due in connection with the operations related services described above as of and for the periods presented:



	Three Months Ended March 31,								Payable as of
	2014				2013				March 31,		December 31,
(In thousands)	Incurred		Forgiven		Incurred		Forgiven		2014		2013
One-time fees and reimbursements:
Acquisition fees and related cost reimbursements	$	—	$	—	$	1,687	$	—	$	—	$	—
Financing coordination fees	—		—		450		—		—		—
Ongoing fees:
Transfer agent and other professional fees	586		—		—		—		242		—
Property management and leasing fees	—		374		—		186		—		—
Strategic advisory fees	—		—		151		—		—		—
Distributions on Class B units	88		—		28		—		—		—
Total related party operational fees and reimbursements	$	674	$	374	$	2,316	$	186	$	242	$	—

Schedule of General and Administrative Expenses Absorbed by The Advisor

The following table details property operating and general and administrative expenses absorbed by the Advisor during the three months ended March 31, 2014 and 2013. These costs are presented net in the accompanying consolidated statements of operations and comprehensive loss.



	Three Months Ended March 31,
(In thousands)	2014		2013
Property operating expenses absorbed	$	—	$	—
General and administrative expenses absorbed	—		350
Total expenses absorbed	$	—	$	350