Related-Party Transactions (Tables)

12 Months Ended

Dec. 31, 2015

Fees and Reimbursements Paid by the Trust

The following table sets forth the fees and reimbursements paid by the Trust for the years ended December 31, 2015, 2014 and 2013 to FUR Advisors and Winthrop Management (in thousands):


	For the Years Ended December 31,
	2015		2014		2013
Base Asset Management Fee (1)	$	6,367	$	9,040	$	9,289
Property Management Fee		974		1,394		1,226
Construction Management Fee		130		378		397

	$	7,471	$	10,812	$	10,912

(1)	Includes fees on third party contributions of $27, $21 and $100 for the years ended December 31, 2015, 2014 and 2013, respectively.

At December 31, 2015, $1,508,000 payable to FUR Advisors and $333,000 payable to Winthrop Management were included in related party fees payable.