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Related Party Transactions:
6 Months Ended
Jun. 30, 2013
Related Party Transactions:  
Related Party Transactions:

17. Related Party Transactions:

        Certain unconsolidated joint ventures and third-parties have engaged the Management Companies to manage the operations of the Centers. Under these arrangements, the Management Companies are reimbursed for compensation paid to on-site employees, leasing agents and project managers at the Centers, as well as insurance costs and other administrative expenses. The following are fees charged to unconsolidated joint ventures:

 
  For the Three Months
Ended June 30,
  For the Six Months
Ended June 30,
 
 
  2013   2012   2013   2012  

Management Fees

  $ 5,506   $ 5,861   $ 11,000   $ 11,909  

Development and Leasing Fees

    2,779     3,631     4,475     6,854  
                   

 

  $ 8,285   $ 9,492   $ 15,475   $ 18,763  
                   

        Certain mortgage notes on the properties are held by NML (See Note 9—Mortgage Notes Payable). Interest expense in connection with these notes was $3,764 and $3,833 for the three months ended June 30, 2013 and 2012, respectively, and $7,544 and $7,773 for the six months ended June 30, 2013 and 2012, respectively. Included in accounts payable and accrued expenses is interest payable on these notes of $1,253 and $1,264 at June 30, 2013 and December 31, 2012, respectively.

        As of June 30, 2013 and December 31, 2012, the Company had loans to unconsolidated joint ventures of $2,749 and $3,345, respectively. Interest income associated with these notes was $59 and $64 for the three months ended June 30, 2013 and 2012, respectively, and $120 and $129 for the six months ended June 30, 2013 and 2012, respectively. These loans represent initial funds advanced to development stage projects prior to construction loan funding. Accordingly, loan payables in the same amount have been accrued as an obligation by the various joint ventures.

        Due from affiliates includes $4,049 and $4,568 of unreimbursed costs and fees due from unconsolidated joint ventures under management agreements at June 30, 2013 and December 31, 2012, respectively. Due from affiliates at June 30, 2013 and December 31, 2012 also includes two notes receivable from principals of AWE/Talisman that bear interest at 5.0% and mature based on the completion, refinancing or sale of Fashion Outlets of Chicago. The notes are collateralized by the principals' interests in Fashion Outlets of Chicago. AWE/Talisman is considered a related party because it has an ownership interest in Fashion Outlets of Chicago. The balance on these notes was $13,288 and $12,500 at June 30, 2013 and December 31, 2012, respectively. Interest income earned on these notes was $156 and $155 for the three months ended June 30, 2013 and 2012, respectively, and $310 and $163 for the six months ended June 30, 2013 and 2012, respectively. In addition, due from affiliates at June 30, 2013 includes a note receivable of $13,410 from RED/303 LLC ("RED") that bears interest at 5.25% and matures on March 29, 2016. Interest income earned on this note was $175 and $181 for the three and six months ended June 30, 2013, respectively. RED is considered a related party because it is a partner in a joint venture development project. The note is collateralized by RED's membership interest in a development agreement.