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RELATED PARTY TRANSACTIONS
 9 Months Ended
Sep. 30, 2018
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 9. 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 September 30, 2018 (dollars in thousands):

 

    Pillar  
Related party receivable, December 31, 2017   $ 38,311  
Cash transfers     28,218  
Advisory fees     (8,819 )
Net income fee     (489 )
Cost reimbursements     (3,499 )
Interest income     2,236  
Notes receivable purchased     (5,314 )
Fees and commissions     (1,204 )
Expenses (paid) received by Advisor     3,618  
Financing (mortgage payments)     5,450  
Sales/purchases transactions     4,022  
Related party receivable, September 30, 2018   $ 62,530  

 

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.