Related Party Arrangements (Tables)

6 Months Ended

Jun. 30, 2017

The following table presents the fees and reimbursements incurred and paid to the Advisor and the Dealer Manager for the six months ended June 30, 2017 and the amounts due to related party as of June 30, 2017 and December 31, 2016 (dollars in thousands):



		Due to Related Party as of December 31, 2016		Six Months Ended June 30, 2017					Due to Related Party as of June 30, 2017 (Unaudited)
Type of Fee or Reimbursement	Financial Statement Location	Due to Related Party as of December 31, 2016		Incurred		Paid			Due to Related Party as of June 30, 2017 (Unaudited)
Fees to Advisor Entities
Asset management	Asset management and other fees-related party	$	17	$	10,738	$	(10,755	)	$	—
Acquisition⁽¹⁾	Real estate debt investments, net / Asset management and other fees-related party	—		1,786		(1,786		)	—
Disposition⁽¹⁾	Real estate debt investments, net / Asset management and other fees-related party	85		846		(931		)	—
Reimbursements to Advisor Entities
Operating costs⁽²⁾	General and administrative expenses	11		6,140		(6,151		)	—
Offering	Cost of capital⁽³⁾	272		—		(272		)	—
Distribution Fees	Cost of capital⁽³⁾	4,962		156		(752		)	4,366
Total		$	5,347	$	19,666	$	(20,647	)	$	4,366

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(1)

Acquisition/disposition fees incurred to the Advisor related to CRE debt investments are generally offset by origination/exit fees paid to the Company by borrowers if such fees are required from the borrower. Acquisition fees related to equity investments are included in asset management and other fees - related party in the consolidated statements of operations. The Advisor may determine to defer fees or seek reimbursement. From inception through June 30, 2017, the Advisor waived $3.7 million of acquisition fees related to CRE securities and PE Investments.


(2)	As of June 30, 2017, the Advisor has incurred unreimbursed operating costs on behalf of the Company of $14.6 million, that remain eligible to allocate to the Company.


(3)	Cost of capital is included in net proceeds from issuance of common stock in the Company’s consolidated statements of equity.

NorthStar Real Estate Income II, Inc. 10-Q