RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2017

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 7. RELATED PARTY TRANSACTIONS

The following table reflects the reconciliation of the beginning and ending balances of accounts receivable from and (accounts payable) to related parties as of March 31, 2017 (dollars in thousands):

	Pillar
Related party receivable, December 31, 2016	$	24,672
Cash transfers		21,524
Advisory fees		(2,659	)
Net income fee		(60	)
Cost reimbursements		(698	)
Interest income		219
Notes receivable purchased		(447	)
Fees and commissions		(542	)
Expenses paid by Advisor		(2,659	)
Financing (mortgage payments)		(11,554	)
Sales/purchases transactions		(5,732	)
Tax sharing		—
Purchase of obligations		—
Related party receivable, March 31, 2017	$	22,064

During the ordinary course of business, we have related party transactions that include, but are not limited to, rental income, interest income, interest expense, general and administrative costs, commissions, management fees, and property expenses. In addition, we have assets and liabilities that include related party amounts. The related party amounts included in assets and liabilities, and the related party revenues and expenses received and paid are shown on the face of the Consolidated Financial Statements.