Related Party Transactions and Arrangements (Tables)

12 Months Ended

Dec. 31, 2015

The table below presents the asset management fees, acquisition and financing coordination fees charged by the Advisor in connection with the operations of the Company for the years ended December 31, 2015 and 2014, and the associated payable as of December 31, 2015 and December 31, 2014, which is recorded in due to affiliates on the Company's consolidated balance sheets (in thousands):



	Year Ended				Payable as of
	2015		2014		December 31, 2015		December 31, 2014
Asset management fees	$	4,097	$	—	$	1,190	$	—
Acquisition fees	$	31,068	$	1,598	$	—	$	—
Acquisition cost reimbursements	$	2,066	$	—	$	—	$	—
Financing coordination fees	$	16,994	$	815	$	—	$	—
	$	54,225	$	2,413	$	1,190	$	—

The table below shows the interest expense incurred by the Company during the year ended December 31, 2015 and the year ended December 31, 2014, respectively, and the associated payable as of December 31, 2015 and December 31, 2014, which is recorded in due to affiliates on the consolidated balances sheets (in thousands):



	Year Ended				Payable as of
	2015		2014		December 31, 2015		December 31, 2014
Interest related to the Property Improvement Plan Promissory Note	$	21	$	63	$	—	$	20

The table below shows the commissions and fees incurred from and payable to the Former Dealer Manager for the Offering during the year ended December 31, 2015 and 2014, and the associated payable as of December 31, 2015 and December 31, 2014, which is recorded in due to affiliates on the Company's consolidated balance sheets (in thousands):



	Year Ended				Payable as of
	2015		2014		December 31, 2015		December 31, 2014
Total commissions and fees incurred from the Former Dealer Manager	$	61,079	$	24,099	$	1	$	153

The table below shows the management fees and reimbursable expenses incurred by the Company from Crestline or the Property Manager (and not payable to a third party sub-property manager) during the year ended December 31, 2015 and the year ended December 31, 2014, respectively, and the associated payable as of December 31, 2015 and December 31, 2014 (in thousands):



	Year Ended				Payable as of
	2015		2014		December 31, 2015		December 31, 2014
Total management fees and reimbursable expenses incurred from Crestline	$	9,898	$	2,579	$	1,106	$	228
Total management fees incurred from Property Manager	$	6,816	$	262	$	3,553	$	20
Total	$	16,714	$	2,841	$	4,659	$	248

The table below presents related party fees and reimbursements charged by the Former Dealer Manager and RCS Advisory in connection with the operations of the Company for the year ended December 31, 2015 and the year ended December 31, 2014, respectively, and the associated payable as of December 31, 2015 and December 31, 2014 (in thousands):



	Year Ended December 31,				Payable as of
	2015		2014		December 31, 2015		December 31, 2014
Transaction fees and expenses	$	—	$	5,270	$	—	$	4,645
Advisory and investment banking fee	$	460	$	460	$	—	$	—
Total related party fees and reimbursements	$	460	$	5,730	$	—	$	4,645

The table below shows compensation and reimbursements incurred and payable to the Advisor and its affiliates for services relating to the Offering during the year ended December 31, 2015 and the year ended December 31, 2014, and the associated amounts payable as of December 31, 2015 and December 31, 2014, which is recorded in due to affiliates on the Company’s consolidated balance sheets (in thousands).



	Year Ended				Payable as of
	2015		2014		December 31, 2015		December 31, 2014
Total compensation and reimbursement for services provided by the Advisor and its affiliates related to the Offering⁽¹⁾	$	15,007	$	3,915	$	787	$	1,885

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⁽¹⁾ Included in the table above for the year ended December 31, 2015, were certain reimbursements incurred and payable to the Advisor and its affiliates for services of approximately $0.8 that were reflected in general and administrative expenses on the accompanying consolidated/combined statements of operations and comprehensive income (loss).