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RELATED PARTY TRANSACTIONS AND FEES (Tables) | 12 Months Ended
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Dec. 31, 2017
Related Party Transactions [Abstract] |
Schedule of description of the related party transactions and fees | Fees, expenses, and revenue paid to and/or received from our advisor:
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (dollars in thousands) |
Fees: |  |  |  |  |  |  |  |  |
Advisory |  | $ | 11,082 |  |  | $ | 10,918 |  |  | $ | 9,775 |
Mortgage brokerage and equity refinancing |  |  | 1,712 |  |  |  | 775 |  |  |  | 1,612 |
Net income |  |  | 250 |  |  |  | 257 |  |  |  | 492 |
Property acquisition and sales |  |  | — |  |  |  | — |  |  |  | 921 |
|  | $ | 13,044 |  |  | $ | 11,950 |  |  | $ | 12,800 |
Other Expense: |  |  |  |  |  |  |  |  |  |  |  |
Cost reimbursements |  | $ | 3,240 |  |  | $ | 3,826 |  |  | $ | 3,675 |
Interest paid (received) |  |  | (1,195 | ) |  |  | (1,144 | ) |  |  | (1,234 | )
|  | $ | 2,045 |  |  | $ | 2,682 |  |  | $ | 2,441 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Rental |  | $ | 783 |  |  | $ | 708 |  |  | $ | 726 |
Fees paid to Regis and related parties: |  |  |  |  |  |  |  |  |  |  |  |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  |  | (dollars in thousands) |
Fees: |  |  |  |  |  |  |  |  |  |  |  |
Property acquisition |  | $ | 9,128 |  |  | $ | 10,775 |  |  | $ | 1,932 |
Property management, construction management and leasing commissions |  |  | 963 |  |  |  | 888 |  |  |  | 717 |
Real estate brokerage |  |  | 1,369 |  |  |  | 787 |  |  |  | 1,105 |
|  | $ | 11,460 |  |  | $ | 12,450 |  |  | $ | 3,754 |
Schedule reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties | The following table reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties as of December 31, 2017 (dollars in thousands):
|  | Pillar |
Related party receivable, December 31, 2016 |  | $ | 24,672 |
Cash transfers |  |  | 56,635 |
Advisory fees |  |  | (11,082 | )
Net income fee |  |  | (250 | )
Cost reimbursements |  |  | (3,240 | )
Interest income |  |  | 1,196 |
Notes receivable purchased |  |  | (447 | )
Fees and commissions |  |  | (3,082 | )
Expenses paid by Advisor |  |  | (579 | )
Financing (mortgage payments) |  |  | (17,313 | )
Sales/purchases transactions |  |  | (9,818 | )
Tax sharing |  |  | 1,619 |
Related party receivable, December 31, 2017 |  | $ | 38,311 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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