Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2014

The fees earned/expenses incurred and the amounts payable to such related parties are summarized in the following tables:



	September 30, 2014		December 31, 2013
Due from related party:
Resource Securities	$	26,757	$	—
RAI - self-insurance funds held in escrow	10,300		—
	37,057		—

Due to related parties:
Advisor
Organization and offering costs	2,177,551		—
Operating expense reimbursements	933,507		—

Manager
Property management fees	4,967		—
Expense reimbursements	3,744		—

Resource Securities
Selling commissions and dealer-manager fees	19,082		—
	$	3,138,851	$	—



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Fees earned / expenses incurred:
Advisor
Acquisition fees	$	60,053	$	—	$	264,238	$	—
Asset management fees	29,635		—		37,130		—
Debt financing fees	—		—		37,325		—
Organization and offering costs	418,339		—		2,489,150		—
Overhead allocation	152,533		—		880,329		—
Interest expense	2,242		—		2,242		—

Manager
Property management fees	16,274		—		22,098		—
Operating expense reimbursements	3,744		—		20,288		—

Resource Securities
Selling commissions and dealer-manager fees	1,332,915		—		1,520,817		—

Other
Graphic Images	76,686		—		239,078		—