RECEIVABLE FROM AND PAYABLE TO RELATED PARTIES (Tables)

3 Months Ended

Mar. 31, 2014

Receivable From And Payable To Affiliates

RECEIVABLE FROM AND PAYABLE TO RELATED PARTIES

The table below reflects the various transactions between IOT, Pillar, and TCI (dollars in thousands):

	TCI		Pillar			Total
Balance, December 31, 2013	$	39,207	$	-		$	39,207
Cash transfers		-		4,589			4,589
Advisory fees		-		(165	)		(165	)
Net income fee		-		(45	)		(45	)
Cost reimbursements		-		(64	)		(64	)
Expenses paid by advisor		-		(22	)		(22	)
Financing (mortgage payments)		-		(183	)		(183	)
Interest income		440		-			440
Purchase of obligation		4,110		(4,110	)		-
Balance, March 31, 2014	$	43,757	$	-		$	43,757