RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions

9. RELATED PARTY TRANSACTIONS

We have no employees or offices. Additionally, certain of our affiliates receive fees and compensation during the operating stage of the Partnership, including compensation for providing services to us in the areas of asset management, development and acquisitions, property management and leasing, financing, brokerage and administration. We reimburse our General Partner for an allocation of general and administrative costs. The following table summarizes the amount of such compensation incurred by us during the years ended December 31, 2014, 2013 and 2012 (in thousands):

	For the year ended December 31,
Service description & compensation	2014		2013		2012
Asset management fees	$	355	$	235	$	235
Interest expense - related party		5		103		332
Property management fees(1)		95		128		118
Leasing costs		4		44		187
Administrative costs reimbursements		380		380		390
	$	839	$	890	$	1,262

(1) Amounts include discontinued operations.

In addition to the above fees incurred by us, the non-consolidated entities in which we have investments pay property management and leasing fees to one of our affiliated entities. During the years ended December 31, 2014, 2013 and 2012, such fees totaled $1.1 million, $1.2 million, and $1.4 million, respectively (see Note 4).

On June 25, 2014, we sold our Lantern Lane property to AmREIT (see Note 3).

On September 18, 2013, our Woodlake Square joint venture sold the Woodlake Square property to AmREIT (see Note 4).