RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2018

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 9. RELATED PARTY TRANSACTIONS

The following table provides the reconciliation of the beginning and ending balances of accounts receivable from and (accounts payable) to related parties as of September 30, 2018 (dollars in thousands):

	Pillar			ARL		Total
Related party receivable, December 31, 2017	$	—		$	111,665	$	111,665
Cash transfers		26,637			—		26,637
Advisory fees		(8,208	)		—		(8,208	)
Net income fee		(489	)		—		(489	)
Fees and commissions		(1,205	)		—		(1,205	)
Cost reimbursements		(3,264	)		—		(3,264	)
Interest income		—			5,135		5,135
Notes receivable purchased		(5,314	)		—		(5,314	)
Expenses (paid)/received by advisor		4,946			—		4,946
Financing (mortgage payments)		5,714			—		5,714
Sales/Purchases transactions		(7,826	)		—		(7,826	)
Related party receivable, September 30, 2018	$	10,991		$	116,800	$	127,791

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.