RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2016

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 6.  RELATED PARTY TRANSACTIONS

The following table reflects the activity in our net receivable from related party for the nine months ended September 30, 2016 (dollars in thousands):

	Pillar			ARL			Total
Related party receivable, December 31, 2014	$	—		$	90,515		$	90,515
Cash transfers		26,928			—			26,928
Advisory fees		(7,095	)		—			(7,095	)
Net income fee		(127	)		—			(127	)
Fees and commissions		(1,729	)		—			(1,729	)
Cost reimbursements		(2,495	)		—			(2,495	)
Interest income		—			3,208			3,208
Notes receivable purchased		(5,356	)					(5,356	)
Expenses paid by advisor		(6,079	)		—			(6,079	)
Financing (mortgage payments)		8,690			—			8,690
Sales/purchases transactions		(15,093	)		—			(15,093	)
Purchase of obligations		2,356			(2,356	)		—
Related party receivable, September 30, 2015	$	—		$	91,367		$	91,367

During the ordinary course of business, we have related party transactions that include, but are not limited to, rental income, interest income, interest expense, general and administrative costs, commissions, management fees, and property expenses. In addition, we have assets and liabilities that include related party amounts. The related party amounts included in assets and liabilities, and the related party revenues and expenses received/paid are shown on the face of the Consolidated Financial Statements.