please refer to the critical accounting policies in the notes to the consolidated financial statements for additional detail regarding the gaap recognition policies associated with the captions described below . revenues management and leasing fees - management and leasing fees are primarily comprised of base asset management fees and performance based fees generated by our investment management division , property management fees generated by our property services division , leasing fees generated by our brokerage and auction divisions , and consulting fees generated by meyers . commissions - commission revenue consists of acquisition fees generated by our investment management division and sales commissions generated by our brokerage division . related party - related party revenue are management and leasing fees as well as commissions earned from our equity partners and relate to assets in which we have an ownership interest . rental and other income - rental and other income is comprised of rental income earned by our consolidated real estate investments . sale of real estate - sales of real estate consists of gross sales proceeds received on the sale of consolidated real estate that is not defined as a business by generally accepted accounting principles . this typically includes the sale of condominium units . expenses commission and marketing expenses - commission and marketing expenses includes fees paid to third party sales and leasing agents as well as business development costs necessary to generate revenues . rental operating expenses - rental and operating expenses consists of operating expenses of our consolidated real estate investments , including items such as property taxes , insurance , maintenance and repairs , utilities , supplies , salaries and management fees . compensation and related expenses - compensation and related expenses include : ( a ) employee compensation , comprising of salary , bonus , employer payroll taxes and benefits paid on behalf of employees and ( b ) share-based compensation associated with the grants of share-based awards . general and administrative - general and administrative expenses represent administrative costs necessary to run our business and include things such as occupancy and equipment expenses , professional fees , public company costs , travel and related expenses , and communications and information services . depreciation and amortization - depreciation and amortization is comprised of depreciation expense which is recognized ratably over the useful life of an asset and amortization expense which primarily consist of the amortization of assets allocated to the value of in-place leases upon acquisition of a consolidated real estate asset or the amortization of loan fees . 26 equity in joint venture income - equity in joint venture income consists of the company 's share of income or loss earned on investments in which the company can exercise significant influence but does not have control . as of december 31 , 2013 , approximately 66 % of the company 's investment account is invested through joint ventures investments . see the investment in joint venture footnote of the attached notes to the consolidated financial statements for summarized financial data , including balance sheet and income statement information of the underlying joint ventures . interest income from loan pool participations and notes receivable - interest income from loan pool participations is comprised of interest income earned on the company 's loan originations and investments in loans and discounted loan purchases . additionally , interest income from loan pool participations and note receivable are recognized on a level yield basis , where a level yield model is utilized to determine a yield rate which , based upon projected future cash flows , accretes interest income over the estimated holding period . acquisition-related gains - acquisition-related gains consist of gains recognized by the company upon a gaap required fair value measurement due to a business combination . these gains are typically recognized when the company converts a loan into consolidated real estate owned and the fair value of the underlying real estate exceeds the basis in the previously held loan . these gains also arise when there is a change of control of an investment . the gain amount is based upon the fair value of the company 's equity in the investment in excess of the carrying amount of the equity directly preceding the change of control . acquisition-related expenses - acquisition-related expenses consists of the costs incurred to acquire assets , such as stamp duty taxes on foreign transactions , as well as the write off of any costs associated with acquisitions which did not materialize . interest expense - corporate debt - interest expense - corporate debt represents interest costs associated with our senior notes payable , junior subordinated debentures and line of credit facility . this debt is unsecured and we typically use the funds generated from corporate borrowings to fund new investments . interest expense - mortgage debt - interest expense - mortgage debt represents interest costs associated with mortgages on our consolidated real estate . these mortgages are typically secured by the underlying real estate collateral . realized foreign currency exchange income or loss - realized foreign currency exchange income or loss relates to the settlement of foreign transactions during the year and arise due to changes in currency exchange rates . income taxes - the company 's services business operates globally as corporate entities subject to federal , state , and local income taxes and the investment business operates through various partnership structures to participate in multifamily , office and residential property acquisitions as well as originate loans and purchases loan pools . the company 's distributive share of income from its partnership investments will be subject to federal , state , and local taxes at the entity level and the related tax provision attributable to the company 's share of the income tax is reflected in the consolidated financial statements . noncontrolling interests - noncontrolling interests represents income or loss attributable to equity partners for their ownership in investments which the company controls . story_separator_special_tag 32 foreign currency translation loss was $ 2.8 million during the year end december 31 , 2013 compared to no comparable activity in the prior period due to the recognition of foreign currency loss on the u.k. loan pool as the investment was substantially liquidated at the end of 2013. provision for income taxes was $ 2.9 million in 2013 as compared to a benefit from income taxes of $ 0.2 million in 2012 due to higher taxable income in the united states . the company had $ 114.4 million and $ 73.2 million of federal and state net operating losses as of december 31 , 2013. we had net income of $ 20.3 million attributable to a non-controlling interests in 2013 compared to $ 2.5 million in 2012 . the increase is due to $ 22.6 million of the ritz carlton , lake tahoe acquisition-related gain described above being allocated to the company 's non-controlling equity partner . this was offset by interest and depreciation expense associated with fund ii being allocated to noncontrolling interest holders . during 2012 the net income attributable to non-controlling interest holders was primarily due to a gain from the sale of a multifamily property . our consolidated financial results and comparison of the years ended december 31 , 2012 and 2011 our revenues for the year ended december 31 , 2012 and 2011 were $ 64.1 million and $ 62.6 million . total operating expenses for the same periods were $ 91.5 million and $ 66.1 million , respectively . net loss attributable to our common shareholders was $ 3.9 million and $ 2.4 million in 2012 and 2011 , respectively . ebitda was $ 92.1 million and $ 66.2 million in 2012 and 2011 , respectively . adjusted ebitda was $ 100.2 million and $ 71.3 million in 2012 and 2011 , respectively . the company achieved a 39 % increase in ebitda and a 41 % increase in adjusted ebitda for the year ended december 31 , 2012 as compared to the same period in 2011. revenues investments segment revenues rental and other income increased to $ 8.5 million in 2012 from $ 5.1 million in 2011. the $ 3.4 million increase is primarily due to the acquisition of three apartment buildings and one office building in the western united states during 2012. additionally , we acquired an approximately 200,000 square foot office portfolio in oakland , california in the latter half of 2011 which contributed to the increase in rental and other income in 2012. during the year ended december 31 , 2012 , we sold five condominium units generating $ 2.3 million of proceeds from the sale of real estate . during the year ended december 31 , 2011 , we sold a land parcel in kent , washington , generating $ 0.4 million of proceeds in sale of real estate . services segment revenues third party services - these are management and leasing fees as well as commissions earned from third parties and relate to assets in which we do not have an ownership interest . our third party management and leasing services increased to $ 15.8 million during the year ended december 31 , 2012 as compared to approximately $ 12.6 million for the same period in 2011. the $ 3.2 million or 26 % increase primarily relates to our acquisitions of the real estate investment management division of the bank of ireland in the latter half of 2011 which provided asset management fees of $ 3.2 million during the year ended december 31 , 2012 as compared to approximately $ 1.4 million for the same period in 2011. in addition , in march 2012 , we acquired a real estate consultancy firm specializing in capital sourcing and real estate research for the single family homebuilding and multifamily apartment industries which generated $ 1.2 million in management fees . our third party commission revenues was at $ 5.0 million in 2012 as compared to approximately $ 5.8 million in 2011. during 2012 , we had a decrease in auction sales as compared to 2011. our auction services business has historically been countercyclical and improvements in general economic conditions caused auction service revenues to decrease . related party services - these are management and leasing fees as well as commissions earned from our equity partners and relate to assets in which we have an ownership interest . our related party management and leasing services generated revenues of $ 24.5 million in 2012 compared to approximately $ 14.5 million in 2011. the $ 10.0 million , or 68 % , increase primarily relates to our acquisition of the u.k.-based loan pool in the latter half of 2011 , which provided additional asset management fees of $ 8.4 million in 2012. in addition , as a result of our acquisition activity in the latter half of 2011 , and during 2012 , we have generated an additional $ 1.6 million in management and leasing fees . in 2012 , our related party commission revenues were $ 8.0 million compared to approximately $ 24.2 million in 2011. our commission revenues are primarily driven by fees related to the acquisition of the $ 2.1 billion u.k.-based loan portfolio . 33 during 2012 , we recognized $ 4.4 million of acquisition fees related to certain debt hurdles achieved in the u.k.-based loan portfolio as compared to $ 13.3 million in 2011. during 2011 , we received $ 8.3 million of fees related to the $ 1.5 billion recapitalization of the bank of ireland . we did not receive such fees in 2012. operating expenses investments segment operating expenses operating expenses for the year ended december 31 , 2012 increased to $ 41.3 million compared to $ 21.7 million for the same period in 2011. the increase is attributable to the following : compensation and related expenses increased by $ 10.8 million and general and administrative expenses increased by $ 3.7 million due to

net cash provided by financing activities totaled $ 388.4 million for the year ended december 31 , 2012. this was primarily due to proceeds of $ 106.2 million received from the issuance of 8.6 million shares of common stock primarily to institutional investors , the issuance of $ 155.0 million of senior notes which generated $ 160.3 million in proceeds , $ 157.7 million of proceeds from mortgage loans to finance consolidated property acquisitions . these were offset by payments of cash dividends of $ 21.9 million to our common and preferred shareholders and a $ 4.9 million distribution to noncontrolling interest holders as a result of the sale of a 180-unit apartment building . since our common stock became listed on the nyse in november 2009 , cumulative preferred and common dividends declared were $ 32.6 million and $ 39.2 million , respectively , and are included as a component of retained earnings in the accompanying consolidated balance sheet and consolidated statement of equity . contractual obligations and commercial commitments at december 31 , 2013 , our contractual cash obligations , including debt , lines of credit , and operating leases included the following : 39 replace_table_token_16_th — ( 1 ) see notes 10-13 of our notes to consolidated financial statements . figures do not include scheduled interest payments . assuming each debt obligation is held until maturity , we estimate that we will make the following interest payments : less than 1 year- $ 55.5 million ; 1-3 years- $ 153.8 million ; 4-5 years- $ 79.5 million ; after 5 years : $ 143.6 million . the interest payments on variable rate debt have been calculated at the interest rate in effect as of december 31 , 2013 . ( 2 ) excludes $ 5.3 million of unamortized debt premiums on mortgage loan payables . ( 3 ) excludes $ 4.0 million of net unamortized debt premium on senior notes . indebtedness and related covenants the following describes our corporate indebtedness and related covenants . junior subordinated debentures in 2007 , kennedy wilson issued junior subordinated debentures in the amount of $ 40.0 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash provided by financing activities totaled $ 388.4 million for the year ended december 31 , 2012. this was primarily due to proceeds of $ 106.2 million received from the issuance of 8.6 million shares of common stock primarily to institutional investors , the issuance of $ 155.0 million of senior notes which generated $ 160.3 million in proceeds , $ 157.7 million of proceeds from mortgage loans to finance consolidated property acquisitions . these were offset by payments of cash dividends of $ 21.9 million to our common and preferred shareholders and a $ 4.9 million distribution to noncontrolling interest holders as a result of the sale of a 180-unit apartment building . since our common stock became listed on the nyse in november 2009 , cumulative preferred and common dividends declared were $ 32.6 million and $ 39.2 million , respectively , and are included as a component of retained earnings in the accompanying consolidated balance sheet and consolidated statement of equity . contractual obligations and commercial commitments at december 31 , 2013 , our contractual cash obligations , including debt , lines of credit , and operating leases included the following : 39 replace_table_token_16_th — ( 1 ) see notes 10-13 of our notes to consolidated financial statements . figures do not include scheduled interest payments . assuming each debt obligation is held until maturity , we estimate that we will make the following interest payments : less than 1 year- $ 55.5 million ; 1-3 years- $ 153.8 million ; 4-5 years- $ 79.5 million ; after 5 years : $ 143.6 million . the interest payments on variable rate debt have been calculated at the interest rate in effect as of december 31 , 2013 . ( 2 ) excludes $ 5.3 million of unamortized debt premiums on mortgage loan payables . ( 3 ) excludes $ 4.0 million of net unamortized debt premium on senior notes . indebtedness and related covenants the following describes our corporate indebtedness and related covenants . junior subordinated debentures in 2007 , kennedy wilson issued junior subordinated debentures in the amount of $ 40.0 million .
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 Suspicious Activity Report : please refer to the critical accounting policies in the notes to the consolidated financial statements for additional detail regarding the gaap recognition policies associated with the captions described below . revenues management and leasing fees - management and leasing fees are primarily comprised of base asset management fees and performance based fees generated by our investment management division , property management fees generated by our property services division , leasing fees generated by our brokerage and auction divisions , and consulting fees generated by meyers . commissions - commission revenue consists of acquisition fees generated by our investment management division and sales commissions generated by our brokerage division . related party - related party revenue are management and leasing fees as well as commissions earned from our equity partners and relate to assets in which we have an ownership interest . rental and other income - rental and other income is comprised of rental income earned by our consolidated real estate investments . sale of real estate - sales of real estate consists of gross sales proceeds received on the sale of consolidated real estate that is not defined as a business by generally accepted accounting principles . this typically includes the sale of condominium units . expenses commission and marketing expenses - commission and marketing expenses includes fees paid to third party sales and leasing agents as well as business development costs necessary to generate revenues . rental operating expenses - rental and operating expenses consists of operating expenses of our consolidated real estate investments , including items such as property taxes , insurance , maintenance and repairs , utilities , supplies , salaries and management fees . compensation and related expenses - compensation and related expenses include : ( a ) employee compensation , comprising of salary , bonus , employer payroll taxes and benefits paid on behalf of employees and ( b ) share-based compensation associated with the grants of share-based awards . general and administrative - general and administrative expenses represent administrative costs necessary to run our business and include things such as occupancy and equipment expenses , professional fees , public company costs , travel and related expenses , and communications and information services . depreciation and amortization - depreciation and amortization is comprised of depreciation expense which is recognized ratably over the useful life of an asset and amortization expense which primarily consist of the amortization of assets allocated to the value of in-place leases upon acquisition of a consolidated real estate asset or the amortization of loan fees . 26 equity in joint venture income - equity in joint venture income consists of the company 's share of income or loss earned on investments in which the company can exercise significant influence but does not have control . as of december 31 , 2013 , approximately 66 % of the company 's investment account is invested through joint ventures investments . see the investment in joint venture footnote of the attached notes to the consolidated financial statements for summarized financial data , including balance sheet and income statement information of the underlying joint ventures . interest income from loan pool participations and notes receivable - interest income from loan pool participations is comprised of interest income earned on the company 's loan originations and investments in loans and discounted loan purchases . additionally , interest income from loan pool participations and note receivable are recognized on a level yield basis , where a level yield model is utilized to determine a yield rate which , based upon projected future cash flows , accretes interest income over the estimated holding period . acquisition-related gains - acquisition-related gains consist of gains recognized by the company upon a gaap required fair value measurement due to a business combination . these gains are typically recognized when the company converts a loan into consolidated real estate owned and the fair value of the underlying real estate exceeds the basis in the previously held loan . these gains also arise when there is a change of control of an investment . the gain amount is based upon the fair value of the company 's equity in the investment in excess of the carrying amount of the equity directly preceding the change of control . acquisition-related expenses - acquisition-related expenses consists of the costs incurred to acquire assets , such as stamp duty taxes on foreign transactions , as well as the write off of any costs associated with acquisitions which did not materialize . interest expense - corporate debt - interest expense - corporate debt represents interest costs associated with our senior notes payable , junior subordinated debentures and line of credit facility . this debt is unsecured and we typically use the funds generated from corporate borrowings to fund new investments . interest expense - mortgage debt - interest expense - mortgage debt represents interest costs associated with mortgages on our consolidated real estate . these mortgages are typically secured by the underlying real estate collateral . realized foreign currency exchange income or loss - realized foreign currency exchange income or loss relates to the settlement of foreign transactions during the year and arise due to changes in currency exchange rates . income taxes - the company 's services business operates globally as corporate entities subject to federal , state , and local income taxes and the investment business operates through various partnership structures to participate in multifamily , office and residential property acquisitions as well as originate loans and purchases loan pools . the company 's distributive share of income from its partnership investments will be subject to federal , state , and local taxes at the entity level and the related tax provision attributable to the company 's share of the income tax is reflected in the consolidated financial statements . noncontrolling interests - noncontrolling interests represents income or loss attributable to equity partners for their ownership in investments which the company controls . story_separator_special_tag 32 foreign currency translation loss was $ 2.8 million during the year end december 31 , 2013 compared to no comparable activity in the prior period due to the recognition of foreign currency loss on the u.k. loan pool as the investment was substantially liquidated at the end of 2013. provision for income taxes was $ 2.9 million in 2013 as compared to a benefit from income taxes of $ 0.2 million in 2012 due to higher taxable income in the united states . the company had $ 114.4 million and $ 73.2 million of federal and state net operating losses as of december 31 , 2013. we had net income of $ 20.3 million attributable to a non-controlling interests in 2013 compared to $ 2.5 million in 2012 . the increase is due to $ 22.6 million of the ritz carlton , lake tahoe acquisition-related gain described above being allocated to the company 's non-controlling equity partner . this was offset by interest and depreciation expense associated with fund ii being allocated to noncontrolling interest holders . during 2012 the net income attributable to non-controlling interest holders was primarily due to a gain from the sale of a multifamily property . our consolidated financial results and comparison of the years ended december 31 , 2012 and 2011 our revenues for the year ended december 31 , 2012 and 2011 were $ 64.1 million and $ 62.6 million . total operating expenses for the same periods were $ 91.5 million and $ 66.1 million , respectively . net loss attributable to our common shareholders was $ 3.9 million and $ 2.4 million in 2012 and 2011 , respectively . ebitda was $ 92.1 million and $ 66.2 million in 2012 and 2011 , respectively . adjusted ebitda was $ 100.2 million and $ 71.3 million in 2012 and 2011 , respectively . the company achieved a 39 % increase in ebitda and a 41 % increase in adjusted ebitda for the year ended december 31 , 2012 as compared to the same period in 2011. revenues investments segment revenues rental and other income increased to $ 8.5 million in 2012 from $ 5.1 million in 2011. the $ 3.4 million increase is primarily due to the acquisition of three apartment buildings and one office building in the western united states during 2012. additionally , we acquired an approximately 200,000 square foot office portfolio in oakland , california in the latter half of 2011 which contributed to the increase in rental and other income in 2012. during the year ended december 31 , 2012 , we sold five condominium units generating $ 2.3 million of proceeds from the sale of real estate . during the year ended december 31 , 2011 , we sold a land parcel in kent , washington , generating $ 0.4 million of proceeds in sale of real estate . services segment revenues third party services - these are management and leasing fees as well as commissions earned from third parties and relate to assets in which we do not have an ownership interest . our third party management and leasing services increased to $ 15.8 million during the year ended december 31 , 2012 as compared to approximately $ 12.6 million for the same period in 2011. the $ 3.2 million or 26 % increase primarily relates to our acquisitions of the real estate investment management division of the bank of ireland in the latter half of 2011 which provided asset management fees of $ 3.2 million during the year ended december 31 , 2012 as compared to approximately $ 1.4 million for the same period in 2011. in addition , in march 2012 , we acquired a real estate consultancy firm specializing in capital sourcing and real estate research for the single family homebuilding and multifamily apartment industries which generated $ 1.2 million in management fees . our third party commission revenues was at $ 5.0 million in 2012 as compared to approximately $ 5.8 million in 2011. during 2012 , we had a decrease in auction sales as compared to 2011. our auction services business has historically been countercyclical and improvements in general economic conditions caused auction service revenues to decrease . related party services - these are management and leasing fees as well as commissions earned from our equity partners and relate to assets in which we have an ownership interest . our related party management and leasing services generated revenues of $ 24.5 million in 2012 compared to approximately $ 14.5 million in 2011. the $ 10.0 million , or 68 % , increase primarily relates to our acquisition of the u.k.-based loan pool in the latter half of 2011 , which provided additional asset management fees of $ 8.4 million in 2012. in addition , as a result of our acquisition activity in the latter half of 2011 , and during 2012 , we have generated an additional $ 1.6 million in management and leasing fees . in 2012 , our related party commission revenues were $ 8.0 million compared to approximately $ 24.2 million in 2011. our commission revenues are primarily driven by fees related to the acquisition of the $ 2.1 billion u.k.-based loan portfolio . 33 during 2012 , we recognized $ 4.4 million of acquisition fees related to certain debt hurdles achieved in the u.k.-based loan portfolio as compared to $ 13.3 million in 2011. during 2011 , we received $ 8.3 million of fees related to the $ 1.5 billion recapitalization of the bank of ireland . we did not receive such fees in 2012. operating expenses investments segment operating expenses operating expenses for the year ended december 31 , 2012 increased to $ 41.3 million compared to $ 21.7 million for the same period in 2011. the increase is attributable to the following : compensation and related expenses increased by $ 10.8 million and general and administrative expenses increased by $ 3.7 million due to

