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



	Three Months Ended September 30,								Nine Months Ended September 30,
	2016				2015				2016				2015				Payable as of
(In thousands)	Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		September 30, 2016			December 31, 2015
One-time fees and reimbursements:
Acquisition fees and related cost reimbursements ⁽¹⁾	$	—	$	—	$	14	$	—	$	—	$	—	$	722	$	—	$	—		$	—
Financing coordination fees ⁽²⁾	—		—		325		—		—		—		823		—		—			466
Ongoing fees:
Asset management fees ⁽³⁾	4,500		—		4,500		—		13,500		—		9,001		—		217		⁽⁵⁾	217
Property management and leasing fees ⁽⁴⁾	933		571		986		697		2,868		1,730		2,999		1,921		230			91
Total related party operational fees and reimbursements	$	5,433	$	571	$	5,825	$	697	$	16,368	$	1,730	$	13,545	$	1,921	$	447	⁽⁶⁾	$	774

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⁽¹⁾	These related party fees are recorded within acquisition and transaction related costs on the consolidated statements of operations.


⁽²⁾	These related party fees are recorded as deferred financing costs and amortized over the term of the respective financing arrangement.

⁽³⁾

From January 1, 2013 to April 1, 2015, the Company caused the OP to issue to the Advisor (subject to periodic approval by the board of directors) restricted performance based Class B Units for asset management services, which would vest if certain conditions occur. At the Listing Date, all Class B Units held by the Advisor converted to OP Units. From April 1, 2015 until the Listing Date, the Company paid the Advisor asset management fees in cash (as elected by the Advisor). From the Listing Date, the Advisor received asset management fees in cash in accordance with the Advisory Agreement. No Incentive Compensation was incurred for the three and nine months ended September 30, 2016.


⁽⁴⁾	The Advisor waived 100% of fees from U.S. assets and its allocated portion of fees from European assets.


⁽⁵⁾	Balance included within due to related parties on the consolidated balance sheets as of September 30, 2016.

⁽⁶⁾

In addition, as of September 30, 2016 due to related parties includes $0.2 million, of which $0.1 million of costs accrued for transfer agent and personnel services received from the Company's related parties including ANST and $0.1 million to Advisor and RCS, which are recorded within general and administrative expenses on the consolidated statements of operations for the nine months ended September 30, 2016, are not reflected in the table above.