Related Party Transactions and Arrangements (Tables)

6 Months Ended

Jun. 30, 2015

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 June 30,								Six Months Ended June 30,								Payable (Receivable) as of
	2015				2014				2015				2014				June 30,			December 31,
(In thousands)	Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		2015			2014
Financing coordination fees	$	—	$	—	$	2,363	$	—	$	—	$	—	$	2,363	$	—	$	—		$	—
Ongoing fees:
Asset management fees ⁽¹⁾	3,101		—		2,274		—		6,245		—		2,274		—		(48		)	15
Transfer agent and other professional fees	270		—		1,041		—		454		—		1,627		—		268			560
Property management and leasing fees	—		683		—		413		—		1,219		—		787		—			—
Dividends on Class B units	—		—		19		—		—		—		107		—		—			—
Total related party operational fees and reimbursements	$	3,371	$	683	$	5,697	$	413	$	6,699	$	1,219	$	6,371	$	787	$	220		$	575

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(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.

General and Administrative Expenses Absorbed by Affiliate

The following table details general and administrative expenses absorbed by the Advisor during the three and six months ended June 30, 2015 and 2014. These costs are presented net in the accompanying consolidated statements of operations and comprehensive loss.



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2015		2014		2015		2014
General and administrative expenses absorbed	$	—	$	1,041	$	—	$	1,041