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TRANSACTIONS WITH GENERAL PARTNER AND ITS AFFILIATES (Tables)
9 Months Ended
Sep. 30, 2013
Related Party Transactions [Abstract]  
Amounts Paid and/or Accrued to General Partner and its Affiliates

Amounts paid and/or accrued to the General Partner and its affiliates for the three and nine month periods ended September 30, 2013 and 2012 are as follows:

 

     Incurred for the      Incurred for the      Incurred for the      Incurred for the  
     Three Month      Three Month      Nine Month      Nine Month  
     Period ended      Period ended      Period ended      Period ended  
     September 30, 2013      September 30, 2012      September 30, 2013      September 30, 2012  
     (Unaudited)      (Unaudited)      (Unaudited)      (Unaudited)  

General Partner

           

Management fees

   $ 64,734       $ 63,420       $ 193,326       $ 188,924   

Restoration fees

     0         0         0         40   

Overhead allowance

     5,223         5,115         15,597         15,241   

Other outsourced administrative fees

     525         0         5,475         6,200   

Leasing Commission

     6,160         0         6,160         0   

Sales Commission

     0         0         16,296         0   

Reimbursement for out-of-pocket expenses

     1,240         1,369         4,164         5,237   

Cash distribution

     1,146         1,102         2,949         1,546   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 79,028       $ 71,006       $ 243,967       $ 217,188   
  

 

 

    

 

 

    

 

 

    

 

 

 
Security Ownership of Partnership Principal Executive Officer and Principal Financial Officer

The following chart identifies the security ownership of the Partnership’s principal executive officer and principal financial officer as the sole named executive officer holding any Limited Partnership Interests:

 

Title of

Class

   Name of
Beneficial Owner(1)
     Amount and
Nature of
Beneficial
Ownership
    Percentage of
Interests
Outstanding(4)
 

Limited Partnership Interest

     Bruce A. Provo         200  (2)(3)      0.43

 

(1) A beneficial owner of a security includes a person who, directly or indirectly, has or shares voting or investment power with respect to such security. Voting power is the power to vote or direct the voting of the security and investment power is the power to dispose or direct the disposition of the security.
(2) Bruce A. Provo is deemed to have beneficial ownership of all of TPG Finance Corp.’s Limited Partnership interests in the Partnership due to his control as President of TPG Finance Corp.
(3) Bruce A. Provo may be deemed to beneficially own with such voting and investment power the Interests listed above.
(4) Based on 46,280.3 Limited Partnership Interests outstanding as of September 30, 2013.