Related Party Transactions

3 Months Ended

Mar. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Change in Control Severance Agreements

On February 1, 2015, we entered into a change in control severance agreement with John B. Kessler, our president and chief operating officer, consistent with the change in control severance agreements that we have entered into with certain of our other executive officers.

Indemnification of Our Directors and Officers

On January 1, 2015 and February 1, 2015, respectively, we entered into indemnification agreements with John B. Kessler, our president and chief operating officer, and James D. Robinson IV, one of our directors, providing for the indemnification by us for certain liabilities and expenses incurred as a result of actions brought, or threatened to be brought, against either of them in their respective capacities. The indemnification agreements are consistent with the indemnification agreements that we have entered into with each of our directors, executive officers, chairman emeritus and certain other parties.

Supervisory Fee Revenue

We earned supervisory fees from affiliated entities not included in our condensed consolidated financial statements of $0.4 million and $0.5 million for the three months ended March 31, 2015 and 2014, respectively. These fees are included within third-party management and other fees.

Property Management Fee Revenue

We earned property management fees from affiliated entities not included in our condensed consolidated financial statements of $0.1 million and $0.1 million for the three months ended March 31, 2015 and 2014, respectively. These fees are included within third-party management and other fees.