XML 101 R79.htm IDEA: XBRL DOCUMENT v3.6.0.2
Related Party Arrangements - Additional Information (Detail) - USD ($)
1 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Jun. 30, 2013
Related Party Transaction [Line Items]          
Selling commissions   7.00%      
Marketing support fees   3.00%      
Investment service fee as percentage of purchase price of properties   1.85%      
Monthly asset management fee as Percentage of real estate value   0.08334%      
Financing coordination fee as percentage of gross amount of refinancing   1.00%      
Advisor disposition fee as percentage of competitive real estate commission   50.00%      
Advisor disposition fee as percentage of sales price of property   1.00%      
Advisor disposition fee as percentage of sales price of asset   1.00%      
Annualized return of investment   6.00%      
Oversight fee as percentage of gross revenues from property managed   1.00%      
Construction management fee as percentage of hard and soft costs   5.00%      
Initial purchase price of property percentage   10.00%      
Property management fees [1],[2]   $ 417,000 $ 418,000    
Investment services fees [3]   $ 739,000 18,561,000 $ 18,553,000  
Operating expenses reimbursement as percentage average invested assets   2.00%      
Operating expenses reimbursement percentage of net income   25.00%      
Bank deposits     100,000    
Purchase price   $ 28,588,000 880,873,000    
Total construction loan         $ 6,200,000
Fieldstone Memory Care          
Related Party Transaction [Line Items]          
Purchase price $ 12,400,000   12,400,000 [4]    
Property Manager          
Related Party Transaction [Line Items]          
Property management fees   $ 1,000,000      
Advisor And Property Manager          
Related Party Transaction [Line Items]          
Annualized return of investment   6.00%      
CNL Capital Markets Corp          
Related Party Transaction [Line Items]          
Investment services fees   $ 900,000 600,000 $ 400,000  
Co-venture partners          
Related Party Transaction [Line Items]          
Payment to co-venture partner     $ 2,000    
Receivable amount recorded   $ 0      
Single Tenant Properties          
Related Party Transaction [Line Items]          
Property management fees as percentage of annual gross rental revenue   2.00%      
Multi Tenant Properties          
Related Party Transaction [Line Items]          
Property management fees as percentage of annual gross rental revenue   4.00%      
[1] Amounts are recorded as due to related parties in the accompanying consolidated balance sheets.
[2] For the years ended December 31, 2016, 2015 and 2014, the Company incurred approximately $5.1 million, $3.9 million and $2.9 million, respectively, in property and construction management fees payable to the Property Manager of which approximately $0.9 million, $0.7 million and $0.9 million, respectively, in construction management fees were capitalized and included in real estate under development in the accompanying consolidated balance sheets.
[3] For the year ended December 31, 2016, the Company incurred approximately $0.7 million in investment services fees of which approximately $0.2 million, was capitalized and included in real estate under development in the accompanying consolidated balance sheets. For the year ended December 31, 2015, the Company incurred approximately $18.6 million in investment service fees of which approximately $2.3 million was capitalized and included in real estate under development. For the year ended December 31, 2014, the Company incurred approximately $18.6 million in investment service fees of which approximately $1.8 million was capitalized and included in real estate under development. Investment service fees, that are not capitalized, are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
[4] This represents a single property or portfolio acquisition that is not considered material to the Company and as such no pro forma financial information has been included related to this property.