RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2019

The Company incurred commissions, fees and expense reimbursements as shown in the table below for services provided by CCI III Management and its affiliates related to the services described above during the periods indicated:



	Year Ended December 31,
	2019		2018		2017
Selling commissions	$	23,501	$	540,706	$	798,184
Dealer manager fees	$	7,000	$	206,689	$	331,799
Distribution and stockholder servicing fees ⁽¹⁾	$	60,948	$	65,165	$	21,753
Organization and offering costs	$	6,571	$	109,044	$	169,944
Acquisition fees and expenses	$	—	$	—	$	330,000
Advisory fees	$	—	$	—	$	60,565
Operating expenses	$	—	$	—	$	50,000
Financing coordination fees	$	—	$	—	$	99,750

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(1)

Amounts are calculated for the respective periods in accordance with the dealer manager agreement and exclude the estimated liability for future distribution and stockholder servicing fees payable to CCO Capital of $111,000 and $188,000 for the years ended December 31, 2019 and 2018, respectively, which is included in due to affiliates in the consolidated balance sheets with a corresponding decrease to capital in excess of par value, as described in Note 2 — Summary of Significant Accounting Policies.