RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2013

RELATED PARTY TRANSACTIONS (Tables)

Reconciliation of accounts receivable and accounts payable to related parties

The following table reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties as of June 30, 2013 (dollars in thousands):

	Pillar			ARL			Total
Related party payable, December 31, 2012	$	-		$	(10,057	)	$	(10,057	)
Cash transfers		5,535			-			5,535
Advisory fees		(4,209	)		-			(4,209	)
Net income fee		(104	)		-			(104	)
Fees and commissions		(2,569	)		-			(2,569	)
Cost reimbursements		(1,350	)		-			(1,350	)
Interest expense		-			(110	)		(110	)
POA fees		(50	)		-			(50	)
Expenses paid by advisor		(1,183	)		-			(1,183	)
Financing (mortgage payments)		48			-			48
Sales/Purchases transactions		10,973			-			10,973
Series K preferred stock acquisition		-			(270	)		(270	)
Intercompany property transfers		10,471			-			10,471
Purchase of obligations		(17,562	)		17,562			-
Related party receivable, June 30, 2013	$	-		$	7,125		$	7,125