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RECEIVABLE FROM AND PAYABLE TO RELATED PARTIES (Tables) | 12 Months Ended
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Dec. 31, 2014
Receivable From And Payable To Affiliates |
RECEIVABLE FROM AND PAYABLE TO RELATED PARTIES | The fees and cost reimbursements paid to Pillar, TCI and related parties are detailed below (dollars in thousands):
Fees: |  |  | 2014 |  |  | 2013 |  |  | 2012 |
| Advisory |  |  | 692 |  |  |  | 830 |  |  |  | 815 |
| Net income |  |  | 203 |  |  |  | 695 |  |  |  | 180 |
| Construction managmeent |  |  | - |  |  |  | - |  |  |  | - |
| Tax sharing agreement |  |  | 946 |  |  |  | 3,055 |  |  |  | 839 |
|  |  | $ | 1,841 |  |  | $ | 4,580 |  |  | $ | 1,834 |
Other Expense: |  |  |  |  |  |  |  |  |  |  |  |
| Cost reimbursements |  |  | 237 |  |  |  | 234 |  |  |  | 155 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |
| Rental revenue |  |  | - |  |  |  | - |  |  |  | - |
| Interest received |  | $ | 1,692 |  |  | $ | 2,364 |  |  | $ | 2,695 |
|  |  |  | 1,692 |  |  |  | 2,364 |  |  |  | 2,695 |
As of December 31, 2014, IOT has notes and interest receivable of $27.5 million due from Unified Housing Foundation, Inc. and recognized interest income of $3.0 million related to these notes receivable. See details in Part 2, Item 8. “Note 3. Notes and Interest Receivable From Related Parties.” The following table reconciles the beginning and ending balances of amounts receivable from related parties as of December 31, 2014 (dollars in thousands):
|  | TCI |  |  | Pillar |  |  | Total |
Balance, December 31, 2013 |  | $ | 39,207 |  |  | $ | - |  |  | $ | 39,207 |
Cash transfers |  |  | - |  |  |  | 5,836 |  |  |  | 5,836 |
Advisory fees |  |  | - |  |  |  | (692 | ) |  |  | (692 | )
Net income fee |  |  | - |  |  |  | (203 | ) |  |  | (203 | )
Cost reimbursements |  |  | - |  |  |  | (237 | ) |  |  | (237 | )
Expenses paid by advisor |  |  | - |  |  |  | (68 | ) |  |  | (68 | )
Financing (mortgage payments) |  |  | - |  |  |  | (2,927 | ) |  |  | (2,927 | )
Significant transaction |  |  | - |  |  |  | (1,202 | ) |  |  | (1,202 | )
Interest income |  |  | 1,692 |  |  |  | - |  |  |  | 1,692 |
Tax Sharing Expense |  |  | (946 | ) |  |  | - |  |  |  | (946 | )
Purchase of obligation |  |  | 507 |  |  |  | (507 | ) |  |  | - |
Balance, December 31, 2014 |  | $ | 40,460 |  |  | $ | - |  |  | $ | 40,460 |

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