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RELATED PARTY TRANSACTIONS AND FEES (Tables)

12 Months Ended

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