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Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2020
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, 2020

 

December 31, 2019

 

Accrued stockholder servicing fee(1)

 

$

572,784

 

$

478,539

 

Accrued management fee

 

 

19,869

 

 

13,873

 

Accrued affiliate service provider expenses

 

 

4,606

 

 

6,037

 

Advanced organization and offering costs

 

 

4,602

 

 

6,136

 

Performance participation allocation

 

 

—

 

 

141,396

 

Other

 

 

21,175

 

 

44,162

 

Total

 

$

623,036

 

$

690,143

 

 

(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, 2020 and 2019 ($ 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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Link Industrial Properties L.L.C.

 

$

13,312

 

 

$

5,305

 

 

$

(16

)

 

$

261

 

 

$

2,373

 

 

$

3,862

 

LivCor, L.L.C.

 

 

7,150

 

 

 

4,937

 

 

 

(5

)

 

 

77

 

 

 

772

 

 

 

1,203

 

BRE Hotels and Resorts LLC

 

 

4,012

 

 

 

1,223

 

 

 

(9

)

 

 

156

 

 

 

—

 

 

 

—

 

ShopCore Properties TRS Management LLC

 

 

1,411

 

 

 

460

 

 

 

(1

)

 

 

6

 

 

 

107

 

 

 

300

 

Revantage Corporate Services, L.L.C.

 

 

440

 

 

 

348

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Equity Office Management, L.L.C.

 

 

170

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Gateway Industrial Properties L.L.C.

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

26,495

 

 

$

12,273

 

 

$

(31

)

 

$

500

 

 

$

3,252

 

 

$

5,365

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Link Industrial Properties L.L.C.

 

$

39,334

 

 

$

8,417

 

 

$

505

 

 

$

546

 

 

$

2,926

 

 

$

4,862

 

LivCor, L.L.C.

 

 

19,474

 

 

 

13,363

 

 

 

149

 

 

 

231

 

 

 

2,533

 

 

 

2,124

 

BRE Hotels and Resorts LLC

 

 

11,661

 

 

 

2,964

 

 

 

303

 

 

 

468

 

 

 

—

 

 

 

—

 

ShopCore Properties TRS Management LLC

 

 

3,532

 

 

 

1,161

 

 

 

12

 

 

 

19

 

 

 

422

 

 

 

315

 

Revantage Corporate Services, L.L.C.

 

 

1,397

 

 

 

881

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Equity Office Management, L.L.C.

 

 

465

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Gateway Industrial Properties L.L.C.

 

 

—

 

 

 

2,524

 

 

 

—

 

 

 

236

 

 

 

—

 

 

 

27

 

Total

 

$

75,863

 

 

$

29,310

 

 

$

969

 

 

$

1,500

 

 

$

5,881

 

 

$

7,328