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RELATED PARTY TRANSACTIONS
 9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 6. RELATED PARTY TRANSACTIONS

 

The following table reflects the activity in our net receivable from related party for the nine months ended September 30, 2016 (dollars in thousands):

 

   Pillar 
Related party receivable, December 31, 2015  $28,147 
Cash transfers   19,748 
Advisory fees   (8,175)
Net income fee   (127)
Fees and commissions   (1,729)
Cost reimbursements   (2,983)
Interest income   1,029 
Notes receivable purchased   (5,356)
Expenses paid by Advisor   (6,330)
Financing (mortgage payments)   5,130 
Sales/purchases transactions   (15,094)
Related party receivable, September 30, 2016  $14,260 

 

During the ordinary course of business, we have related party transactions that include, but are not limited to, rental 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 related party amounts included in assets and liabilities, and the related party revenues and expenses received and paid are shown on the face of the Consolidated Financial Statements.