Question-and-Answer Session
Operator
Thank you. The question-and-answer session will be conducted electronically. (Operator instructions). And we'll pause for a moment to allow everyone a chance to signal. We'll take our first question from Rick Shane with Jefferies.
Rick Shane - Jefferies
The $10 million term loan from DBJ is that what shows up on the balance sheet as the related party term loan?
Victor Garcia
That's correct, Rick.
Rick Shane - Jefferies
And will it actually increase? It shows up right now as $9.2 million will you increase it to $10 million or is that just rounding or you're rounding as you're describing that?
Victor Garcia
No, we reflected a full $10 million on our balance sheet. It's a five year amortizing term loan. So it is $800,000 that is due in the next 12 months. So, its $800,000 in the current portion.
Rick Shane - Jefferies
In the second question, you say during the quarter results benefited from the purchase of a $10 million equipment portfolio from one of our container investors during the quarter? I hate to be so obtuse, but I don't understand, did you purchase it or did they purchase it?
Victor Garcia
There was a portfolio that we are managing for a third party investor and we agreed to purchase the assets under that contract.
Rick Shane - Jefferies
Okay. And so, to the extent you're saying you benefited from it. There was a slight lift in rental revenue because instead of getting the management fee, you are getting the rental income?
Victor Garcia
That's correct.
Operator
Our next question comes from Bob Napoli with Piper Jaffray.
Bob Napoli - Piper Jaffray
Any more opportunities for additional purchases of containers from the managed fleet?
John Nishibori
Yes, I think there is. Nothing specific, but there always is.
Bob Napoli - Piper Jaffray
I mean did you expect that I'd try to take advantage of some opportunities this quarter to either buy additional managed containers or to do a sale lease back or?
John Nishibori
I'm not sure if we would do one this quarter. But the possibilities are always there.
Bob Napoli - Piper Jaffray
I mean are you seeing more opportunities? You have a pretty good balance sheet or you not, is it?
John Nishibori
I think the way, I'd rephrase it is, obviously we're trying to maximize the opportunities on the investor portfolios. But to the extent that investor for whatever reason feels like they would like to monetize their assets. We're open to looking at it and we were looking at possibilities of investment, whether its sale leasebacks, buying portfolios, buying new containers and we're seeing more and more of those opportunities as the market improves.
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