XML 28 R18.htm IDEA: XBRL DOCUMENT v3.19.1
RELATED PARTY TRANSACTIONS
 3 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 10. RELATED PARTY TRANSACTIONS

 

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.

 

The following table reflects the reconciliation of the beginning and ending balances of accounts receivable from and (accounts payable) to related parties as of March 31, 2019 (dollars in thousands):

 

    Pillar  
Related party receivable, December 31, 2018   $ 70,377  
Cash transfers     10,682  
Advisory fees     (1,853 )
Net income fee     (100 )
Cost reimbursements     (1,551 )
Interest income     1,414  
Expenses (paid) received by Advisor     (289 )
Financing (mortgage payments)     (74 )
Income tax expense     (258 )
Related party receivable, March 31, 2019   $ 78,348