RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2020

Related Party Transactions [Abstract]

Schedule of accounts receivable from and (accounts payable) to related parties

The following table provides the reconciliation of the beginning and ending balances of accounts receivable from and (accounts payable) to related parties as of June 30, 2020 (dollars in thousands):

	June 30, 2020
	Pillar			ARL		Total
Related party receivable, beginning balance, December 31, 2019	$	—		$	141,541	$	141,541
Cash transfers		887			—		887
Advisory fees		(2,895	)		—		(2,895	)
Net income fee		(198	)		—		(198	)
Cost reimbursements		(1,749	)		—		(1,749	)
Interest income		—			3,235		3,235
Notes receivable purchased		(7,368	)		—		(7,368	)
Expenses (paid)/received by advisor		(4,511	)		—		(4,511	)
Financing (mortgage payments)		(166	)		—		(166	)
Intercompany property transfers		(159	)		—		(159	)
Related party receivable, ending balance, June 30, 2020	$	(16,159	)	$	144,776	$	128,617