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RECEIVABLE FROM AND PAYABLE TO RELATED PARTIES (Table)
6 Months Ended
Jun. 30, 2015
Receivable From And Payable To Related Parties Table  
Schedule of transactions between IOT, Pillar, and TCI

The table below reflects the various transactions between IOT, Pillar, and TCI (dollars in thousands): 

 

  TCI   Pillar   Total
Related party receivable, December 31, 2014   $ 40,460   $     $ 40,460  
Cash transfers         1,875       1,875  
Advisory fees         (350 )     (350 )
Net income fee         (90 )     (90 )
Cost reimbursements         (127 )     (127 )
Expenses paid by advisor         42       42  
Financing (mortgage payments)         (734 )     (734 )
Interest income     792           792  
Purchase of obligation     616     (616 )      
Related party receivable, June 30, 2015   $ 41,868   $     $ 41,868