The table below shows the costs incurred due to arrangements with our Advisor and its affiliates during the three months ended March 31, 2020 and March 31, 2019 and the associated payable as of March 31, 2020 and December 31, 2019 (dollars in thousands):



	Three Months Ended March 31,				Payable as of
	2020		2019		March 31, 2020		December 31, 2019
Acquisition expenses ⁽¹⁾	$	142	$	248	$	1	$	225
Administrative services expenses	4,112		3,963		4,392		1,238
Asset management and subordinated performance fee	3,912		3,644		5,901		3,326
Other related party expenses ⁽²⁾⁽³⁾	582		265		3,744		—
Total related party fees and reimbursements	$	8,748	$	8,120	$	14,038	$	4,789

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⁽¹⁾ Total acquisition expenses paid during the three months ended March 31, 2020 and March 31, 2019 were $2.1 million and $1.8 million respectively, of which $2.0 million and $1.5 million were capitalized within the commercial mortgage loans, held for investment line of the consolidated balance sheets for the periods ended March 31, 2020 and 2019.

⁽²⁾ These are primarily related to reimbursable costs incurred related to the increase in loan origination activities. These amounts are included in Other expenses in the Company's consolidated statements of operations.

⁽³⁾The related party payable includes $2.5 million of payments made by the Advisor to third party vendors on behalf of the Company and $0.7 million of capitalized acquisition expenses that are amortized over the life of the loan.