17.   RELATED PARTY TRANSACTIONS



William L. Mack, Chairman of the Board of Directors of the General Partner, David S. Mack, a director of the General Partner, and Earle I. Mack, a former director of the General Partner, are the executive officers, directors and stockholders of a corporation that leases approximately 7,034 square feet at one of the Company’s office properties, which is scheduled to expire in May 2018, subject to two,  three-year renewal options.  The Company has recognized $193,000,  $204,000 and $231,000 in revenue under this lease for the years ended December 31, 2016,  2015 and 2014, respectively, and had no accounts receivable from the corporation as of December 31, 2016 and 2015. 



Certain executive officers of the Company’s Roseland subsidiary and/or their family members (“RG”) directly or indirectly hold small noncontrolling interests in a certain consolidated joint venture.  Additionally, the Company earned $2,464,000,  $2,542,000, and $2,401,000 from entities in which RG has ownership interests for the years ended December 31, 2016,  2015 and 2014, respectively.

17.   RELATED PARTY TRANSACTIONS



William L. Mack, Chairman of the Board of Directors of the General Partner, David S. Mack, a director of the General Partner, and Earle I. Mack, a former director of the General Partner, are the executive officers, directors and stockholders of a corporation that leases approximately 7,034 square feet at one of the Company’s office properties, which is scheduled to expire in May 2018, subject to two,  three-year renewal options.  The Company has recognized $193,000,  $204,000 and $231,000 in revenue under this lease for the years ended December 31, 2016,  2015 and 2014, respectively, and had no accounts receivable from the corporation as of December 31, 2016 and 2015. 



Certain executive officers of the Company’s Roseland subsidiary and/or their family members (“RG”) directly or indirectly hold small noncontrolling interests in a certain consolidated joint venture.  Additionally, the Company earned $2,464,000,  $2,542,000, and $2,401,000 from entities in which RG has ownership interests for the years ended December 31, 2016,  2015 and 2014, respectively.