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Related Parties
9 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]  
Related Parties
Related Parties
Through our management activities and transactions with our real estate joint ventures and partnerships, we had net accounts receivable of $1.4 million and $1.5 million outstanding as of September 30, 2015 and December 31, 2014, respectively. We also had accounts payable and accrued expenses of $5.4 million and $6.0 million outstanding as of September 30, 2015 and December 31, 2014, respectively. For both the three months ended September 30, 2015 and 2014, we recorded joint venture fee income of $1.1 million. For the nine months ended September 30, 2015 and 2014, we recorded joint venture fee income of $3.4 million and $3.5 million, respectively.
In 2014, we completed the dissolution of our consolidated real estate joint venture with Hines Retail REIT (“Hines”), in which we owned a 30% interest. At December 31, 2013, this joint venture held a portfolio of 13 centers located in Texas, Tennessee, Georgia, Florida and North Carolina with $172.9 million in total assets and $11.1 million of debt, net, which was assumed by Hines. This transaction was completed through the distribution of five centers to us and eight centers to Hines, resulting in an increase to our equity and a decrease to noncontrolling interests of $11.0 million. Additionally, upon the distribution of the eight centers to Hines, we realized a $23.3 million gain in discontinued operations and a decrease in noncontrolling interests of $144.3 million associated with this transaction.