United Development Funding III, LP | 2013 | FY | 3

The chart below summarizes the payment of related party fees and reimbursements associated with the Offering and origination and management of assets, including the distributions to our general partner described above, and the general and administrative – related parties expenses for the years ended December 31, 2013 and 2012. We believe that these fees and reimbursements are reasonable and customary for comparable mortgage programs.
 
 
 
For the Years Ended December 31,
 
 
 
2013
 
2012
 
Payments to General Partner and Related Parties
 
$
6,515,000
 
$
8,960,000
 
Total General and Administrative Expenses to General Partner and Related Parties
 
$
5,352,000
 
$
2,758,000
 

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