XML 31 R16.htm IDEA: XBRL DOCUMENT v2.3.0.15
Related Party Transactions
9 Months Ended
Sep. 30, 2011
Related Party Transactions [Abstract] 
Related Party Transactions

NOTE 7. RELATED PARTY TRANSACTIONS

The following table reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to affiliates as of September 30, 2011 (dollars in thousands):

 

     Pillar      Prime      Total  

Balance, December 31, 2010

      $ -               $   (12,219)       $ (12,219)   

Cash transfers

      3,067          2,265          5,332    

Advisory fees

      (5,749)         (4,825)         (10,574)   

Cost reimbursements

      (436)         (2,277)         (2,713)   

Interest from advisor

      (380)         (292)         (672)   

POA fees

      (42)         7          (35)   

Expenses paid by advisor

      2,714          (1,575)         1,139    

Financing (mortgage payments)

      123          159          282    

Note receivable with affiliate

      2,825          7,516          10,341    

Sales/Purchases transactions

      3,771          3,983          7,754    

Intercompany property transfers

      4,940          8,924          13,864    
  

 

 

     

 

 

     

 

 

  

Balance, September 30, 2011

      $             10,833         $ 1,666          $ 12,499   
  

 

 

     

 

 

     

 

 

  

During the ordinary course of business, we have related party transactions that include, but are not limited to rent income, interest income, interest expense, general and administrative costs, commissions, management fees, and property expenses. In addition, we have assets and liabilities that include related party amounts. The affiliated amounts included in assets and liabilities, and the affiliated revenues and expenses received/paid are shown on the face of the financial statements.