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RELATED PARTY TRANSACTIONS AND FEES (Tables) | 12 Months Ended
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Dec. 31, 2019
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:
|  | For the years ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | (dollars in thousands) |
Fees: |  |  |  |  |  |  |  |  |  |  |  |
Advisory |  | $ | 6,612 |  |  | $ | 11,475 |  |  | $ | 11,082 |
Mortgage brokerage and equity refinancing |  |  | — |  |  |  | 852 |  |  |  | 1,712 |
Net income |  |  | 357 |  |  |  | 631 |  |  |  | 250 |
|  | $ | 6,969 |  |  | $ | 12,958 |  |  | $ | 13,044 |
Other Expense: |  |  |  |  |  |  |  |  |  |  |  |
Cost reimbursements |  | $ | 4,265 |  |  | $ | 4,720 |  |  | $ | 3,240 |
Interest paid (received) |  |  | (4,686 | ) |  |  | (3,370 | ) |  |  | (1,195 | )
|  | $ | (421 | ) |  | $ | 1,350 |  |  | $ | 2,045 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Rental |  | $ | 1,311 |  |  | $ | 1,178 |  |  | $ | 783 |
Fees paid to Regis and related parties:
|  | For the years ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | (dollars in thousands) |
Fees: |  |  |  |  |  |  |  |  |  |  |  |
Property acquisition |  | $ | 318 |  |  | $ | 32,008 |  |  | $ | 9,128 |
Property management, construction management and leasing commissions |  |  | 165 |  |  |  | 540 |  |  |  | 963 |
Real estate brokerage |  |  | 71 |  |  |  | 2,068 |  |  |  | 1,369 |
|  | $ | 554 |  |  | $ | 34,616 |  |  | $ | 11,460
Schedule of net receivable from related parties | The following table reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties (Pillar) as of December 31, 2019 and 2018:
|  | Pillar |
Related party receivable, December 31, 2018 |  |  | 70,377 |
Cash transfers |  |  | 38,139 |
Advisory fees |  |  | (6,612 | )
Net income fee |  |  | (357 | )
Cost reimbursements |  |  | (4,265 | )
Interest income |  |  | 4,686 |
Notes receivable purchased |  |  | (28,669 | )
Fees and commissions |  |  | (71 | )
Expenses (paid) received by Advisor |  |  | 10,521 |
Financing (mortgage payments) |  |  | (299 | )
Sales/purchases Commission |  |  | (318 | )
Intercompany property transfers |  |  | 2,864 |
Related party receivable, December 31, 2019 |  | $ | 85,996

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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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