Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2017

The following table presents the revenue and expenses with Whitestone included in our consolidated statement of operations for the three months ended March 31, 2017 (in thousands):



	Location of Revenue (Expense)	March 31, 2017
Rent	Rental revenues	$	185
Property management fees	Property operation and maintenance	$	(192	)
Asset management fees	Property operation and maintenance	$	(66	)
Interest expense	Interest expense	$	(124	)

Receivables due from related parties consisted of the following as of March 31, 2017 and December 31, 2016 (in thousands):



	March 31, 2017		December 31, 2016
Construction in process ⁽¹⁾	$	2,012	$	1,439
Tenant receivables and other receivables	931		1,379
Total	$	2,943	$	2,818


⁽¹⁾	Amount relates to future tenant and building improvement expenditures implicit within the Contribution Agreement to be paid by Whitestone and capitalized by the Company in subsequent periods when placed in service.

Payables due to related parties consisted of the following as of March 31, 2017 and December 31, 2016 (in thousands):



	March 31, 2017		December 31, 2016
Payable due to related parties	$	965	$	265
Total	$	965	$	265