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Related Parties
3 Months Ended
Mar. 31, 2016
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 $1.3 million and $1.2 million outstanding as of March 31, 2016 and December 31, 2015, respectively. We also had accounts payable and accrued expenses of $5.4 million and $5.2 million outstanding as of March 31, 2016 and December 31, 2015, respectively. For both the three months ended March 31, 2016 and 2015, we recorded joint venture fee income of $1.2 million.
As of December 31, 2015, we held a combined 51% interest in an unconsolidated real estate joint venture that owned three centers in Colorado with total assets and debt of $43.7 million and $72.4 million, respectively. In February 2016, in exchange for our partners' aggregate 49% interest in this venture and $2.5 million in cash, we distributed one center to our partners. We have consolidated this venture as of the transaction date and re-measured our investment in this venture to its fair value, and recognized a gain of $37.4 million (See Note 17 for additional information).