Related Parties (Tables)

12 Months Ended

Dec. 31, 2018

The Company’s Chief Executive Officer, its Executive Chairman, and its former Vice Chairman are directors of Tower Properties Company (Tower) and, together with members of their immediate families, beneficially own approximately 67% of the outstanding stock of Tower. At December 31, 2018, Tower owned 201,901 shares of Company stock. Tower is primarily engaged in the business of owning, developing, leasing and managing real property.

Payments from the Company and its affiliates to Tower are summarized below. These payments, with the exception of dividend payments, relate to property management services, including construction oversight, on three Company-owned office buildings and related parking garages in downtown Kansas City.



(In thousands)	2018		2017		2016
Leasing agent fees	$	133	$	32	$	101
Operation of parking garages	95		82		184
Building management fees	1,935		1,954		1,832
Property construction management fees	136		146		147
Dividends paid on Company stock held by Tower	181		232		221
Total	$	2,480	$	2,446	$	2,485