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Combined Guarantor Subsidiaries - Related Party Transactions
3 Months Ended
Mar. 31, 2020
Guarantor Subsidiaries  
Condensed Financial Statements Captions [Line Items]  
Related Party Transactions

Note 8 – Related Party Transactions

The Combined Guarantor Subsidiaries are party to management agreements with CBL & Associates Management, Inc. (“CBL Management”), which is controlled by the Operating Partnership, to manage the Guarantor Properties. The agreements provide that the Guarantor Properties pay management fees equal to a percentage of gross revenues as defined by the respective management agreements. The management fee percentage ranges from 2.5% to 3.5% based on the agreements. Within property operating expenses, management fee expense was $1,368 and $1,491 for the three months ended March 31, 2020 and 2019, respectively.

Amounts payable to CBL Management for management fees were $76 and $394 as of March 31, 2020 and December 31, 2019, respectively.

The Combined Guarantor Subsidiaries have mortgage notes receivable with entities under common control totaling $73,786 as of March 31, 2020 and December 21, 2019, respectively. See Note 7 for more information. Interest income earned under the notes receivable were $1,014 and $959 for the three months ended March 31, 2020 and 2019, respectively.