Agreements and Transactions with Related Parties (Tables)

6 Months Ended

Jun. 30, 2014

The following tables present a summary of fees we paid and expenses we reimbursed to the advisor and other affiliates in accordance with the terms of the related agreements (in thousands):



	Three Months Ended June 30,					Six Months Ended June 30,
	2014		2013			2014		2013
Amounts Included in the Consolidated Statements of Operations:
Acquisition expenses	$	3,021	$	—		$	18,893	$	—
Asset management fees	603		—			934		—
Available Cash Distribution	537		—			606		—
Shareholder servicing fee	141		—			229		—
Interest expense on deferred acquisition fees	34		—			54		—
Personnel and overhead reimbursements	14		—			30		—
Costs incurred by the advisor	—		141			—		141
Excess operating expenses charged back to the advisor	—		(76		)	—		(76		)
	$	4,350	$	65		$	20,746	$	65

Other Transaction Fees Incurred:
Selling commissions and dealer manager fees	$	38,561	$	—		$	99,431	$	—
Current acquisition fees	736		—			1,251		—
Deferred acquisition fees	589		—			1,000		—
Offering costs	1,188		—			1,986		—
	$	41,074	$	—		$	103,668	$	—

						June 30, 2014		December 31, 2013
Due to Affiliate:
Deferred acquisition fees, including interest						$	8,999	$	2,705
Accounts payable						3,471		2,406
Asset management fees payable						216		38
Reimbursable costs						2		—
						$	12,688	$	5,149