XML 34 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Related Person Transactions - (Tables)
9 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
Schedule of related party transactions
For the three and nine months ended June 30, 2020 and 2019, we recognized cash and equity based separation costs as set forth in the following table:
 
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
 
 
2020
 
2019
 
2020
 
2019
Former executive officers:
 
 
 
 
 
 
 
 
Cash separation costs
 
$

 
$

 
$
260

 
$
5,312

Equity based separation costs
 

 

 
281

 
1,488

 
 

 

 
541

 
6,800

Former nonexecutive officers:
 
 
 
 
 
 
 
 
Cash separation costs
 

 
142

 
80

 
153

Equity based separation costs
 

 
97

 
24

 
97

 
 

 
239

 
104

 
250

Total separation costs
 
$

 
$
239

 
$
645

 
$
7,050


The following table represents amounts due from related parties as of the dates indicated:
 
 
June 30,
 
September 30,
 
 
2020
 
2019
Managed Equity REITs:
 
 
 
 
DHC
 
$
28,374

 
$
25,505

ILPT
 
5,835

 
10,630

OPI
 
35,640

 
39,233

SVC
 
10,089

 
18,933

 
 
79,938

 
94,301

 
 
 
 
 
Managed Operators:
 
 
 
 
Five Star
 
361

 
136

Sonesta
 
69

 
37

TA
 
454

 
392

 
 
884

 
565

 
 
 
 
 
Other Client Companies:
 
 
 
 
ABP Trust
 
1,108

 
2,580

AIC
 
7

 
7

Open End Fund
 
2,161

 
4,567

RMRM
 
165

 
75

TRMT
 
877

 
664

Centre Street
 
9

 

 
 
4,327

 
7,893

 
 
$
85,149

 
$
102,759


For the three and nine months ended June 30, 2020 and 2019, we recognized revenues from related parties as set forth in the following table:
 
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
 
 
2020
 
2019
 
2020
 
2019
 
 
$
 
%
 
$
 
%
 
$
 
%
 
$
 
%
Managed Equity REITs:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
DHC (1)
 
$
43,472

 
31.4
%
 
$
43,483

 
30.3
%
 
$
128,076

 
29.1
%
 
$
166,313

 
30.0
%
ILPT
 
10,034

 
7.2

 
12,664

 
8.8

 
36,649

 
8.3

 
27,998

 
5.1

OPI (2)
 
58,443

 
42.1

 
57,374

 
39.9

 
179,895

 
41.0

 
171,731

 
31.0

SIR (1) (2)
 

 

 

 

 

 

 
47,843

 
8.6

SVC (1)
 
12,156

 
8.8

 
11,887

 
8.3

 
48,341

 
11.0

 
89,731

 
16.2

 
 
124,105

 
89.5

 
125,408

 
87.3

 
392,961

 
89.4

 
503,616

 
90.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Managed Operators:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Five Star
 
2,227

 
1.6

 
2,466

 
1.7

 
6,953

 
1.6

 
7,318

 
1.3

Sonesta
 
209

 
0.2

 
881

 
0.6

 
1,477

 
0.3

 
2,420

 
0.4

TA
 
3,130

 
2.3

 
3,455

 
2.4

 
10,021

 
2.3

 
10,536

 
1.9

 
 
5,566

 
4.1

 
6,802

 
4.7

 
18,451

 
4.2

 
20,274

 
3.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Client Companies:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ABP Trust
 
3,024

 
2.2

 
3,476

 
2.5

 
9,195

 
2.2

 
10,746

 
1.9

AIC
 
2

 

 
187

 
0.1

 
98

 

 
307

 
0.1

Open End Fund
 
4,738

 
3.4

 
5,583

 
3.9

 
13,653

 
3.1

 
13,693

 
2.5

RMRM
 
585

 
0.4

 
767

 
0.5

 
2,139

 
0.5

 
2,225

 
0.4

TRMT
 
577

 
0.4

 
1,283

 
0.9

 
1,932

 
0.4

 
2,857

 
0.5

Centre Street
 
18

 

 

 

 
108

 

 

 

 
 
8,944

 
6.4

 
11,296

 
7.9

 
27,125

 
6.2

 
29,828

 
5.4

Total revenues from related parties
 
138,615

 
100.0

 
143,506

 
99.9

 
438,537

 
99.8

 
553,718

 
99.9

Revenues from unrelated parties
 
34

 

 
209

 
0.1

 
865

 
0.2

 
406

 
0.1

 
 
$
138,649

 
100.0
%
 
$
143,715

 
100.0
%
 
$
439,402

 
100.0
%
 
$
554,124

 
100.0
%

(1)
The amounts for the nine months ended June 30, 2019 include incentive business management fees of $40,642, $25,817 and $53,635, which RMR LLC earned for the 2018 calendar year from DHC, SIR and SVC, respectively, and which were paid in January 2019.
(2)
OPI acquired SIR by merger on December 31, 2018. This table presents revenues for the nine months ended June 30, 2019 from SIR separately as they relate to a period prior to this merger.