RELATED PARTY TRANSACTIONS AND FEES (Tables)

12 Months Ended

Dec. 31, 2015

Related Party Transactions And Fees Tables

Schedule of fees and cost reimbursements

The fees and cost reimbursements paid to Pillar, TCI and related parties are detailed below (dollars in thousands):

Fees:		2015		2014		2013
Advisory		704		692		830
Net income		187		203		695
Tax sharing agreement				946		3,055
	$	891	$	1,841	$	4,580
Other Expense:
Cost reimbursements		240		237		234
Revenue:
Interest received	$	1,636	$	1,692	$	2,364
		1,636		1,692		2,364

Schedule of transactions between IOT, Pillar, and TCI

The following table reconciles the beginning and ending balances of amounts receivable from related parties as of December 31, 2015 (dollars in thousands):

	TCI			Pillar			Total
Balance, December 31, 2014	$	40,460		$	—		$	40,460
Cash transfers		—			7,619			7,619
Advisory fees		—			(704	)		(704	)
Net income fee		—			(187	)		(187	)
Cost reimbursements		—			(240	)		(240	)
Expenses paid by advisor		—			(1,370	)		(1,370	)
Financing (mortgage payments)		—			(1,224	)		(1,224	)
Significant transaction		—			(9,546	)		(9,546	)
Interest income		1,636			—			1,636
Income tax expense		—			(807)			(807)
Deferred tax asset		(1,324)			---			(1,324)
Purchase of obligation		(6,459	)		6,459			—
Balance, December 31, 2015	$	34,313		$	—		$	34,313