Related Party Transactions

9 Months Ended

Sep. 30, 2016

Cleaning/ Security/ Messenger and Restoration Services

Alliance Building Services, or Alliance, and its affiliates are partially owned by Gary Green, a son of Stephen L. Green, the chairman of SL Green's board of directors, and provide services to certain properties owned by us. Alliance’s affiliates include First Quality Maintenance, L.P., or First Quality, Classic Security LLC, Bright Star Couriers LLC and Onyx Restoration Works, and provide cleaning, extermination, security, messenger, and restoration services, respectively. In addition, First Quality has the non-exclusive opportunity to provide cleaning and related services to individual tenants at our properties on a basis separately negotiated with any tenant seeking such additional services. The Service Corporation has entered into an arrangement with Alliance whereby it will receive a profit participation above a certain threshold for services provided by Alliance to certain tenants at certain buildings above the base services specified in their lease agreements.

Income earned from profit participation, which is included in other income on the consolidated statements of operations, was $0.8 million and $2.6 million for the three and nine months ended September 30, 2016, respectively, and was $0.9 million and $2.9 million for the three and nine months ended September 30, 2015 respectively.

We also recorded expenses for these services, inclusive of capitalized expenses, of $5.3 million and $16.1 million for the three and nine months ended September 30, 2016, respectively, (excluding services provided directly to tenants), and $5.7 million and $14.3 million for the three and nine months ended September 30, 2015 respectively.

Management Fees

S.L. Green Management Corp., a consolidated entity, receives property management fees from an entity in which Stephen L. Green owns an interest. We received management fees from this entity of $0.1 million and $0.3 million for the three and nine months ended September 30, 2016. We received management fees from this entity of $0.1 million and $0.4 million for the three and nine months ended September 30, 2015.

Other

Amounts due from related parties at September 30, 2016 and December 31, 2015 consisted of the following (in thousands):



	September 30, 2016		December 31, 2015
Due from joint ventures	$	1,727	$	1,334
Other	13,113		9,316
Related party receivables	$	14,840	$	10,650