XML 37 R26.htm IDEA: XBRL DOCUMENT v3.4.0.3
Agreements and Transactions with Related Parties (Tables)
3 Months Ended
Mar. 31, 2016
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following tables present a summary of fees we capitalized, expenses we reimbursed, and distributions we made to our Advisor and other affiliates, which excludes the fees that impact equity as further disclosed below the tables, in accordance with the terms of the relevant agreements (in thousands):
 
 
Three Months Ended March 31,
 
 
2016
 
2015
Amounts Included in the Consolidated Statements of Operations
 
 
 
 
Asset management fees
 
$
2,409

 
$
1,417

Available Cash Distributions
 
1,277

 
894

Acquisition expenses
 
1,162

 
5,462

Personnel and overhead reimbursements
 
869

 
158

Interest expense on deferred acquisition fees and accretion of interest on annual distribution and shareholder servicing fee
 
240

 
77

Annual distribution and shareholder servicing fee (a)
 

 
500

 
 
$
5,957

 
$
8,508

 
 
 
 
 
Acquisition Fees Capitalized
 
 
 
 
Current acquisition fees
 
$
1,369

 
$
3,466

Deferred acquisition fees
 
1,095

 
2,773

Capitalized personnel and overhead reimbursements
 
175

 

 
 
$
2,639

 
$
6,239


___________
(a)
For the three months ended March 31, 2016, we paid $0.7 million related to the annual distribution and shareholder servicing fee, which, beginning in the fourth quarter of 2015, is accounted for as a reduction in our shareholder servicing fee liability.

The following table presents a summary of amounts included in Due to affiliate in the consolidated financial statements (in thousands):
 
 
March 31, 2016
 
December 31, 2015
Due to Affiliate
 
 
 
 
Deferred acquisition fees, including interest
 
$
23,121

 
$
26,747

Shareholder servicing fee liability
 
8,855

 
9,394

Current acquisition fees
 
5,901

 
3,148

Accounts payable and other
 
2,743

 
3,872

Asset management fees payable
 
821

 
813

 
 
$
41,441

 
$
43,974