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 Three Months Ended June 30,				For the Six Months Ended June 30,
	2018		2017		2018		2017
Management fees	$	4,716	$	4,685	$	9,395	$	9,165
Development and leasing fees	3,321		2,721		6,925		7,991
	$	8,037	$	7,406	$	16,320	$	17,156

Certain mortgage notes on the properties are held by NML (See Note 9—Mortgage Notes Payable). Interest expense in connection with these notes was $2,131 and $2,181 for the three months ended June 30, 2018 and 2017, respectively, and $4,278 and $4,392 for the six months ended June 30, 2018 and 2017, respectively. Included in accounts payable and accrued expenses is interest payable on these notes of $705 and $716 at June 30, 2018 and December 31, 2017, respectively.

Interest expense from related party transactions also includes $(4,893) and $3,129 for the three and six months ended June 30, 2018 in connection with the Financing Arrangement (See Note 11—Financing Arrangement).

Due from affiliates includes unreimbursed costs and fees from unconsolidated joint ventures due to the Management Companies. As of June 30, 2018 and December 31, 2017, the amounts due from the unconsolidated joint ventures was $5,683 and $5,411, respectively.

In addition, due from affiliates at June 30, 2018 and December 31, 2017 included a note receivable from RED/303 LLC ("RED") that bears interest at 5.25% and matures on May 30, 2021. Interest income earned on this note was $57 and $68 for the three months ended June 30, 2018 and 2017, respectively, and $117 and $138 for the six months ended June 30, 2018 and 2017, respectively. The balance on this note was $4,114 and $4,796 at June 30, 2018 and December 31, 2017, 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 the development project.

Also included in due from affiliates is a note receivable from Lennar Corporation that bears interest at LIBOR plus 2% and matures upon the completion of certain milestones in connection with the development of Fashion Outlets of San Francisco. Interest income earned on this note was $773 and $607 for the three months ended June 30, 2018 and 2017, respectively, and $1,522 and $1,218 for the six months ended June 30, 2018 and 2017, respectively. The balance on this note was $73,478 and $71,955 at June 30, 2018 and December 31, 2017, respectively. Lennar Corporation is considered a related party because it is a joint venture partner in Fashion Outlets of San Francisco.