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Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2019

Related Party Transactions [Abstract]

Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services

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



		Three Months Ended March 31,
		2019								2018								Payable as of
(In thousands)		Incurred				Forgiven				Incurred				Forgiven				March 31, 2019				December 31, 2018
One-time fees and reimbursements:
Fees on gain from sale of investments		$	—			$	—			$	—			$	—			$	—			$	49		⁽²⁾
Ongoing fees ⁽³⁾⁽⁴⁾:
Asset management fees ⁽¹⁾		6,671				—				5,659				—				—				—
Property management fees		1,372				—				1,172				—				—				—
Incentive compensation		—				—				—				—				—				—
Total related party operational fees and reimbursements		$	8,043			$	—			$	6,831			$	—			$	—			$	49

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⁽¹⁾	The Advisor, in accordance with the Advisory Agreement, received asset management fees in cash equal to one quarter of the annual Minimum Base Management Fee of $18.0 million and the Variable Base Management Fee. The Variable Base Management Fee was $2.2 million and $1.2 million for the three months ended March 31, 2019 and 2018, respectively.


⁽²⁾	Balance included within due to related parties on the consolidated balance sheets as of March 31, 2019 and December 31, 2018.


⁽³⁾	The Company incurred general and administrative costs and other expense reimbursements of approximately $0.3 million and $9,000 for the three months ended March 31, 2019 and 2018, respectively, which are recorded within general and administrative expenses on the audited consolidated statements of operations and are not reflected in the table above.