Related Party Transactions

9 Months Ended

Sep. 30, 2020

RELATED PARTY TRANSACTIONS

During the ordinary course of business, we have transactions with Pillarstone OP that include, but are not limited to, rental income, interest expense, general and administrative costs, commissions, management and asset management fees, and property expenses.

The following table presents the revenue and expenses with Pillarstone OP included in our consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019 (in thousands):


		Three Months Ended September 30,				Nine Months Ended September 30,
	Location of Revenue (Expense)	2020		2019		2020		2019
Rent	Operating and maintenance	$	(225)	$	(213)	$	(701)	$	(628)
Property management fee income	Management, transaction, and other fees	$	145	$	228	$	456	$	693
Interest income	Interest, dividend and other investment income	$	—	$	52	$	—	$	161

On December 8, 2016, we received a $15.4 million financed receivable from Pillarstone OP to provide the financing for the ordinary course of business transactions for Pillarstone OP. The financed receivable has an interest rate of 1.4%-1.95% plus Libor and a maturity date of December 31, 2019. The financed receivable was paid off on October 17, 2019.