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Related Party Transactions and Arrangements (Tables)
3 Months Ended
Mar. 31, 2015
Related Party Transactions [Abstract]  
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
 
 
2015
 
2014
 
March 31,
 
December 31,
(In thousands)
 
Incurred
 
Forgiven
 
Incurred
 
Forgiven
 
2015
 
2014
Ongoing fees:
 
 
 
 
 
 
 
 
 
 
 
 
Asset management fees (1)
 
$
3,144

 
$
—

 
$
—

 
$
—

 
$
4

 
$
15

Transfer agent and other professional fees
 
184

 
—

 
586

 
—

 
274

 
560

Property management and leasing fees
 
—

 
536

 
—

 
374

 
—

 
—

Dividends on Class B units
 
—

 
—

 
88

 
—

 
—

 
—

Total related party operational fees and reimbursements
 
$
3,328

 
$
536

 
$
674

 
$
374

 
$
278

 
$
575


___________________________________________
(1)
Prior to the Listing, the Company caused the OP to issue to the Advisor restricted performance based Class B units for asset management services, which vested as of the Listing.