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Related-Party Transactions:
12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
Related Party Transactions:
Related Party Transactions:
Certain unconsolidated joint ventures 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 years ended December 31:
 
2014
 
2013
 
2012
Management fees
$
18,705

 
$
21,993

 
$
24,007

Development and leasing fees
11,822

 
10,859

 
13,165

 
$
30,527

 
$
32,852

 
$
37,172



Certain mortgage notes on the properties are held by NML (See Note 8Mortgage Notes Payable). Interest expense in connection with these notes was $15,134, $15,016 and $15,386 for the years ended December 31, 2014, 2013 and 2012, respectively. Included in accounts payable and accrued expenses is interest payable to this related party of $1,125 and $1,240 at December 31, 2014 and 2013, respectively.
The Company had loans to unconsolidated joint ventures to fund development stage projects prior to construction loan funding. Correspondingly, loan payables in the same amount have been accrued as an obligation by the various joint ventures. Interest income associated with these notes was $164, $281 and $254 for the years ended December 31, 2014, 2013 and 2012, respectively. As of December 31, 2013, the balance on these loans was $2,756. There were no loans outstanding at December 31, 2014.
Due from affiliates includes $3,869 and $3,822 of unreimbursed costs and fees due from unconsolidated joint ventures under management agreements at December 31, 2014 and 2013, respectively.
Due from affiliates at December 31, 2013 also included two notes receivable from principals of AWE/Talisman ("Talisman Notes") that bore interest at 5.0% and were to mature based on the refinancing or sale of Fashion Outlets of Chicago, a 529,000 square foot outlet center in Rosemont, Illinois, or certain other specified events. AWE/Talisman was considered a related party because it had a 40% noncontrolling ownership interest in Fashion Outlets of Chicago. On October 31, 2014, in connection with the Company's acquisition of AWE/Talisman's ownership interest in Fashion Outlets of Chicago, the balance of the Talisman Notes were settled (See Note 13Acquisitions). The balance on these notes was $13,603 at December 31, 2013. Interest income earned on these notes was $516 and $625 for the years ended December 31, 2014 and 2013, respectively.
In addition, due from affiliates at December 31, 2014 and 2013 includes a note receivable from RED/303 LLC ("RED") that bears interest at 5.25% and matures on March 29, 2016. Interest income earned on this note was $614 and $525 for the years ended December 31, 2014 and 2013, respectively. The balance on this note receivable was $11,027 and $12,707 at December 31, 2014 and 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.
Also included in due from affiliates is a note receivable of $65,336 from Lennar Corporation that bears interest at LIBOR plus 2% and matures upon the completion of certain milestones in connection with the development of Candlestick Point (See Note 4Investments in Unconsolidated Joint Ventures). Lennar Corporation is considered a related party because it has an ownership interest in Candlestick Point. Interest income earned on the note was $206 for the year ended December 31, 2014.