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RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2018
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 8. RELATED PARTY TRANSACTIONS

 

The following table reflects the reconciliation of the beginning and ending balances of accounts receivable from and (accounts payable) to related parties as of June 30, 2018 (dollars in thousands):

 

    Pillar  
Related party receivable, December 31, 2017   $ 38,311  
Cash transfers     26,033  
Advisory fees     (5,884 )
Net income fee     (106 )
Cost reimbursements     (2,346 )
Interest income     1,347  
Notes receivable purchased     (5,315 )
Fees and commissions     (162 )
Expenses (paid) received by Advisor     4,845  
Financing (mortgage payments)     (169 )
Sales/purchases transactions     (567 )
Related party receivable, June 30, 2018   $ 55,987  

 

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.