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Related Party Transactions (Tables)
3 Months Ended
Mar. 31, 2021
Related Party Transactions [Abstract]  
Summary of Components of Due to Affiliates

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

 

 

 

March 31, 2021

 

December 31, 2020

 

Accrued stockholder servicing fee

 

$

683,505

 

$

605,411

 

Performance participation allocation

 

 

143,215

 

 

192,648

 

Accrued management fee

 

 

25,666

 

 

22,253

 

Accrued affiliate service provider expenses

 

 

14,929

 

 

10,151

 

Advanced organization and offering costs

 

 

3,579

 

 

4,090

 

Other

 

 

25,746

 

 

53,107

 

Total

 

$

896,640

 

$

887,660

 

Summary of Incentive Compensation Awards

The following table details the incentive compensation awards ($ in thousands):

 

 

 

 

 

 

 

 

 

 

 

March 31, 2021

 

Plan Year

 

Unrecognized Compensation Cost as of December 31, 2020

 

Value of New Awards Issued

 

Amortization of Compensation Cost for the Three Months Ended March 31, 2021

 

Unrecognized Compensation Cost

 

Remaining Amortization Period

 

2019

 

$

3,363

 

$

 

$

(424

)

$

2,939

 

1.8 years

 

2020

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

 

 

8,500

 

 

(531

)

 

7,969

 

3.8 years

 

 

 

$

3,363

 

$

8,500

 

$

(955

)

$

10,908

 

 

 

 

Schedule of Related Party Expenses Incurred and Amortization of Incentive Compensation Awards Capitalized Support Services

The following table details the amounts incurred for affiliate service providers during the three months ended March 31, 2021 and 2020 ($ in thousands):

 

 

Affiliate Service

 

 

Amortization of

Affiliate Service Provider

 

 

Capitalized Transaction

 

 

 

Provider Expenses

 

 

Incentive Compensation Awards

 

 

Support Services

 

 

 

Three Months Ended March 31,

 

 

Three Months Ended March 31,

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Link Industrial Properties L.L.C.

 

$

16,128

 

 

$

12,331

 

 

$

417

 

 

$

261

 

 

$

243

 

 

$

514

 

LivCor, L.L.C.

 

 

10,725

 

 

 

5,635

 

 

 

382

 

 

 

77

 

 

 

879

 

 

 

1,060

 

BRE Hotels and Resorts LLC

 

 

2,681

 

 

 

3,323

 

 

 

132

 

 

 

156

 

 

 

 

 

 

 

ShopCore Properties TRS Management LLC

 

 

1,424

 

 

 

765

 

 

 

16

 

 

 

6

 

 

 

40

 

 

 

315

 

Revantage Corporate Services, L.L.C.

 

 

653

 

 

 

488

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Office Management, L.L.C.

 

 

612

 

 

 

145

 

 

 

8

 

 

 

 

 

 

 

 

 

 

Total

 

$

32,223

 

 

$

22,687

 

 

$

955

 

 

$

500

 

 

$

1,162

 

 

$

1,889