Reconciles of the related party payable due to Pillar (Tables)

6 Months Ended

Jun. 30, 2013

Reconciles of the related party payable

Reconciles of the related party payable due to Pillar

The following table reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties as of June 30, 2013 (dollars in thousands):

	Pillar
Related party payable, December 31, 2012	$	(10,922	)
Cash transfers		3,593
Advisory fees		(5,041	)
Net income fee		(104	)
Fees and commissions		(2,570	)
Cost reimbursements		(1,797	)
Interest income		18
POA fees		(51	)
Expenses paid by Advisor		(1,036	)
Financing (mortgage payments)		(496	)
Intercompany property transfers		10,684
Sales/Purchases transactions		10,973
Purchase of obligation		(2,380	)
Related party receivable, June 30, 2013	$	871