Agreements and Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

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):

	Years Ended December 31,
	2014		2013
Amounts Included in the Consolidated Statements of Operations
Acquisition expenses	$	38,825	$	—
Asset management fees	2,635		117
Available cash distribution	1,778		92
Shareholder servicing fee	814		46
Personnel and overhead reimbursements	170		—
Interest expense on deferred acquisition fees and note payable	151		36
Stock-based compensation	100		67
Costs incurred by the advisor	—		182
Excess operating expenses charged back to the advisor	—		(69		)
	$	44,473	$	471
Other Transaction Fees Incurred
Selling commissions and dealer manager fees	$	104,117	$	23,428
Current acquisition fees	3,568		4,324
Deferred acquisition fees	2,855		3,459
Offering costs	2,993		5,050
	$	113,533	$	36,261

	December 31,
	2014		2013
Due to Affiliate
Deferred acquisition fees, including interest	$	17,525	$	2,705
Accounts payable	2,702		2,406
Asset management fees payable	378		38
Reimbursable costs	46		—
	$	20,651	$	5,149