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Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2019
Related Party Transactions [Abstract]  
Summary of Components of Due to Affiliates

The following table details the components of due to affiliates ($ in thousands):

 

 

 

September 30, 2019

 

December 31, 2018

 

Accrued stockholder servicing fee(1)

 

$

399,100

 

$

238,496

 

Performance participation allocation

 

 

106,383

 

 

37,484

 

Accrued management fee

 

 

11,054

 

 

5,124

 

Advanced organization and offering costs

 

 

6,647

 

 

8,181

 

Accrued affiliate service provider expenses

 

 

7,316

 

 

3,115

 

Accrued affiliate incentive compensation awards

 

 

—

 

 

4,714

 

Other

 

 

1,660

 

 

4,467

 

Total

 

$

532,160

 

$

301,581

 

 

(1)

The Company accrues the full amount of the future stockholder servicing fees payable to the Dealer Manager for Class S, Class T, and Class D shares up to the 8.75% of gross proceeds limit at the time such shares are sold. The Dealer Manager has entered into agreements with the selected dealers distributing the Company’s shares in the Offering, which provide, among other things, for the re-allowance of the full amount of the selling commissions and dealer manager fee and all or a portion of the stockholder servicing fees received by the Dealer Manager to such selected dealers.
Schedule of Related Party Expenses Incurred and Portfolio Company Incentive Compensation Awards and Capitalized Transaction Costs

The following tables detail the amounts incurred for affiliate service providers during the three and nine months ended September 30, 2019 and 2018 ($ in thousands).

 

 

Affiliate Service

 

 

Affiliate Service Provider

 

 

Capitalized Transaction

 

 

 

Provider Expenses

 

 

Incentive Compensation Awards

 

 

Support Services

 

 

 

Three Months Ended September 30,

 

 

Three Months Ended September 30,

 

 

Three Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Link Industrial Properties LLC

 

$

5,305

 

 

$

—

 

 

$

261

 

 

$

—

 

 

$

3,862

 

 

$

—

 

LivCor, L.L.C.

 

 

4,937

 

 

 

1,995

 

 

 

77

 

 

 

—

 

 

 

1,203

 

 

 

44

 

BRE Hotels and Resorts LLC

 

 

1,223

 

 

 

260

 

 

 

156

 

 

 

—

 

 

 

—

 

 

 

—

 

ShopCore Properties TRS Management LLC

 

 

460

 

 

 

470

 

 

 

6

 

 

 

—

 

 

 

300

 

 

 

—

 

Revantage Corporate Services, L.L.C.

 

 

348

 

 

 

69

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

Gateway Industrial Properties L.L.C.

 

 

—

 

 

 

1,336

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

12,273

 

 

$

4,130

 

 

$

500

 

 

$

—

 

 

$

5,365

 

 

$

45

 

 

 

Affiliate Service

 

 

Affiliate Service Provider

 

 

Capitalized Transaction

 

 

Provider Expenses

 

 

Incentive Compensation Awards

 

 

Support Services

 

 

Nine Months Ended

September 30,

 

 

Nine Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

LivCor, L.L.C.

 

$

13,363

 

 

$

5,186

 

 

$

231

 

 

$

—

 

 

$

2,124

 

 

$

145

 

Link Industrial Properties LLC

 

 

8,417

 

 

 

—

 

 

 

546

 

 

 

—

 

 

 

4,862

 

 

 

—

 

BRE Hotels and Resorts LLC

 

 

2,964

 

 

 

578

 

 

 

468

 

 

 

—

 

 

 

—

 

 

 

—

 

Gateway Industrial Properties LLC

 

 

2,524

 

 

 

2,414

 

 

 

236

 

 

 

—

 

 

 

27

 

 

 

196

 

ShopCore Properties TRS Management LLC

 

 

1,161

 

 

 

968

 

 

 

19

 

 

 

—

 

 

 

315

 

 

 

—

 

Revantage Corporate Services, LLC

 

 

881

 

 

 

69

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

9

 

Total

 

$

29,310

 

 

$

9,215

 

 

$

1,500

 

 

$

—

 

 

$

7,328

 

 

$

350