Related Party Transactions (Tables)

12 Months Ended

Dec. 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 from and payable to the Dealer Manager related to the sale of common stock as of and for the periods presented:




	Year Ended December 31,				Payable as of December 31,
(In thousands)	2014		2013		2014		2013
Total commissions and fees to Dealer Manager	$	148,372	$	14,024	$	13	$	176

Schedule Of Offering Costs Reimbursements to Related Party

The following table details fees and offering cost reimbursements incurred and payable to the Advisor and Dealer Manager related to the sale of common stock as of and for the periods presented:




	Year Ended December 31,				Payable as of December 31,
(In thousands)	2014		2013		2014		2013
Fees and expense reimbursements to the Advisor and Dealer Manager	$	16,920	$	2,615	$	61	$	293

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

The following table reflects related party fees incurred, forgiven and contractually due as of and for the periods presented:



	Year Ended December 31,
	2014				2013				2012				Payable as of December 31,
(In thousands)	Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		2014		2013		2012
One-time fees and reimbursements:
Acquisition fees and related cost reimbursements	$	32,915	$	—	$	2,447	$	—	$	41	$	—	$	2	$	—	$	—
Transaction fee	—		—		165		—		—		—		—		—		—
Financing coordination fees	6,546		—		926		—		9		—		—		—		—
Ongoing fees:
Asset management fees (1)	—		—		—		—		—		3		—		—		—
Property management and leasing fees	1,316		690		50		25		1		—		52		1		1
Strategic advisory fees	561		—		359		—		—		—		—		—		—
Distributions on Class B Units	178		—		4		—		—		—		—		—		—
Total related party operational fees and reimbursements	$	41,516	$	690	$	3,951	$	25	$	51	$	3	$	54	$	1	$	1

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(1) Effective January 1, 2013, the Company issues to the Advisor (subject to approval by the board of directors) restricted performance based Class B units for asset management services, which will be forfeited immediately if certain conditions occur.

Schedule of General and Administrative Expenses Absorbed by Affiliate

The following table details property operating and general and administrative expenses absorbed by the Advisor during the three years ended December 31, 2014, 2013, and 2012:



	Year Ended December 31,
(In thousands)	2014		2013		2012
Property operating expenses absorbed	$	178	$	4	$	—
General and administrative expenses absorbed	—		1,292		85
Total expenses absorbed ⁽¹⁾	$	178	$	1,296	$	85

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(1) The Company had $0.5 million receivable from the Advisor as of December 31, 2014 related to absorbed costs and had $0.5 million and $0.1 million receivable as of December 31, 2013 and 2012, respectively.