The following table reflects related party fees incurred, forgiven and contractually due as of and for the periods presented:



	Three Months Ended September 30,								Nine Months Ended September 30,
	2018				2017				2018				2017				(Receivable) Payable as of
(In thousands)	Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		Incurred		Forgiven		September 30, 2018			December 31, 2017
One-time fees and reimbursements:
Fees on gain from sale of investments	$	—	$	—	$	—	$	—	$	—	—		$	—	$	—	$	49	⁽²⁾	$	49	⁽²⁾
Ongoing fees ⁽⁵⁾:
Asset management fees ⁽¹⁾	5,312		—		5,250		—		16,852		—		15,647		—		—			240		⁽²⁾
Property management fees	1,283		—		1,118		—		3,712		—		3,341		1,177		—		^{(2) (3)}	59		^{(2) (3)}
Incentive compensation	361		—		—		—		361		—		—		—		—			—
Total related party operational fees and reimbursements	$	6,956	$	—	$	6,368	$	—	$	20,925	$	—	$	18,988	$	1,177	$	49		$	348	⁽⁴⁾

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⁽¹⁾

The Advisor, in accordance with the Advisory Agreement, received asset management fees in cash equal to one quarter and three quarters of the annual Minimum Base Management Fee for the three and nine months ended September 30, 2018, respectively, and, the Variable Base Management Fee of $1.3 million and $3.7 million for the three and nine months ended September 30, 2018, respectively. The Variable Base Management Fee was $0.8 million and $2.1 million for the three and nine months ended September 30, 2017, respectively.


⁽²⁾	Balance included within due to related parties on the consolidated balance sheets as of September 30, 2018 and December 31, 2017.


⁽³⁾	Prepaid property management fees of zero and $0.2 million as of September 30, 2018 and December 31, 2017, respectively, are not included in the table above and are included in prepaid expenses and other assets on the consolidated balance sheets.


⁽⁴⁾	In addition, as of December 31, 2017 due to related parties includes $0.3 million of costs accrued for Global II Advisor, $0.1 million of costs accrued for transfer agent fees and $0.1 million of costs relating to RCS Advisory (as defined below), all of which are not reflected in the table above.

⁽⁵⁾

In order to improve operating cash flows and the ability to pay dividends from operating cash flows, the Advisor or the Property Manager may forgive certain fees including asset management and property management fees. Because the Advisor or the Property Manager may forgive certain fees, cash flow from operations that would have been paid to the Advisor or the Property Manager may be available to pay dividends to stockholders. The fees that may be forgiven are not deferrals and accordingly, will not be paid to the Advisor or the Property Manager at any point in the future.