Summarized below are the related party costs incurred by the Company for the three months ended March 31, 2019, and 2018, respectively, and amounts payable as of March 31, 2019 and December 31, 2018:



	Incurred for the Three Months Ended March 31,				Payable as of March 31,			Payable as of December 31,
	2019		2018		2019			2018
Expensed
Corporate operating expenses	$	829	$	678	$	892		$	63
Other operating expenses⁽¹⁾	—		—		215			215
Property management fees	481		459		165			157
Performance distribution allocation	1,920		2,061		1,920			7,807
Advisory fees	2,339		2,301		—			781
Capitalized/Offering
Organization and offering expense	3		240		1,316		⁽⁵⁾	1,312
Other costs advanced by the Advisor	228		71		374			367
Selling commissions ⁽²⁾	—		11		—			—
Dealer Manager fees	—		45		—			—
Stockholder servicing fee ⁽³⁾	—		82		7,252			8,302
Distribution fees	5		—		—			—
Advisor advances: ⁽⁴⁾
Organization and offering expenses	—		18		34			44
Dealer Manager fees	—		—		—			—
Total	$	5,805	$	5,966	$	12,168		$	19,048


(1)	Other operating expenses include costs incurred by the Company's former sponsor, GCC, related to acquisition transactions that failed to close.


(2)	On September 18, 2017, the Company and the Dealer Manager entered into a dealer manager agreement for the Follow-On Offering. See the "Dealer Manager Agreement" section below for details regarding selling commissions and dealer manager fees.

(3)

The Dealer Manager continues to receive a stockholder servicing fee with respect to Class AA shares as detailed in the Company's IPO prospectus. The stockholder servicing fee is paid quarterly and accrues daily in an amount equal to 1/365th of 1.0% of the NAV per share of the Class AA shares, up to an aggregate of 4% of the gross proceeds of Class AA shares sold. The Company will cease paying the stockholder servicing fee with respect to the Class AA shares at the earlier of (i) the date at which the aggregate underwriting compensation from all sources equals 10% of the gross proceeds from the sale of shares in the Company's IPO (excluding proceeds from sales pursuant to the related DRP); (ii) the fourth anniversary of the last day of the fiscal quarter in which the Company's IPO terminated; (iii) the date that such Class AA share is redeemed or is no longer outstanding; and (iv) the occurrence of a merger, listing on a national securities exchange, or an extraordinary transaction.


(4)	Pursuant to the original advisory agreement, commencing November 2, 2015, the Company remained obligated to reimburse the Advisor for organizational and offering costs incurred after such date. Terms of the organizational and offering costs are included in the Company's 2016 Annual Report on Form 10-K filed on March 15, 2017.


(5)	Excludes amounts in excess of the15% organization and offering costs limitation, which includes a receivable of approximately $1.3 million from the Company's Advisor and is included in "Due from Affiliates" on the consolidated balance sheet. See Note 7, Equity, for additional details.