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Related Party Transactions
 9 Months Ended
Sep. 30, 2020
Related Party Transactions [Abstract]  
Related Party Transactions
13. Related Party Transactions

 

Rental income includes $262 and $212 for the three months ended September 30, 2020 and 2019, respectively, and $808 and $527 for the nine months ended September 30, 2020 and 2019, respectively, for office space leased to Pillar, Regis and VAA.

  

Property operating expense includes $253 and $237 for the three months ended September 30, 2020 and 2019, respectively, and $750 and $741 for the nine months ended September 30, 2020 and 2019, respectively, for management fees on commercial properties payable to Regis.

  

General and administrative expense includes $1,094 and $1,002 for the three months ended September 30, 2020 and 2019, respectively, and $2,991 and $3,680 for the nine months ended September 30, 2020 and 2019, respectively, for employee compensation and other reimbursable costs payable to Pillar.

  

Advisor fees are were $2,329 and $2,403 for the three months ended September 30, 2020 and 2019, respectively, and $7,055 and $6,807 for the nine months ended September 30, 2020 and 2019, respectively.

  

Notes receivable are includes amounts held by UHF and Pillar (See Note 8 – Notes Receivable). Interest income on these notes was $4,812 and $6,240 for the three months ended September 30, 2020 and 2019, respectively, and $14,566 and $18,328 for the nine months ended September 30, 2020 and 2019, respectively.

  

Interest expense on notes payable to Pillar was $1,583 and $2,402 for the three months ended September 30, 2020 and 2019, respectively, and $5,040 and $7,094 for the nine months ended September 30, 2020 and 2019, respectively.

  

Related party receivables represents amounts outstanding from Pillar for loans and unreimbursed fees, expenses and costs as provided above.