Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2021

Disaggregated Revenue

The following tables represent a disaggregation of revenue from contracts with customers by type of service and/or segment (dollars in thousands):


	Three Months Ended March 31, 2021
	Advisory Services		Global Workplace Solutions		Real Estate Investments		Corporate, other and eliminations		Consolidated
Topic 606 Revenue:
Facilities management	$	—	$	3,479,501	$	—	$	—	$	3,479,501
Advisory leasing	520,216		—		—		—		520,216
Advisory sales	392,312		—		—		—		392,312
Property management	427,188		—		—		(6,145)		421,043
Project management	—		546,382		—		—		546,382
Valuation	159,590		—		—		—		159,590
Commercial mortgage origination (1)	33,751		—		—		—		33,751
Loan servicing (2)	15,388		—		—		—		15,388
Investment management	—		—		132,071		—		132,071
Development services	—		—		78,178		—		78,178
Topic 606 Revenue	1,548,445		4,025,883		210,249		(6,145)		5,778,432
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination	106,113		—		—		—		106,113
Loan servicing	53,454		—		—		—		53,454
Development services (3)	—		—		880		—		880
Total Out of Scope of Topic 606 Revenue	159,567		—		880		—		160,447
Total revenue	$	1,708,012	$	4,025,883	$	211,129	$	(6,145)	$	5,938,879


	Three Months Ended March 31, 2020
	Advisory Services (4)		Global Workplace Solutions (4)		Real Estate Investments		Corporate, other and eliminations (4)		Consolidated
Topic 606 Revenue:
Facilities management	$	—	$	3,335,793	$	—	$	—	$	3,335,793
Advisory leasing	625,028		—		—		(3,946)		621,082
Advisory sales	431,669		—		—		—		431,669
Property management	418,481		—		—		(5,572)		412,909
Project management	—		548,736		—		—		548,736
Valuation	147,738		—		—		—		147,738
Commercial mortgage origination (1)	37,889		—		—		—		37,889
Loan servicing (2)	11,409		—		—		—		11,409
Investment management	—		—		121,678		—		121,678
Development services	—		—		76,226		—		76,226
Topic 606 Revenue	1,672,214		3,884,529		197,904		(9,518)		5,745,129
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination	85,202		—		—		—		85,202
Loan servicing	45,271		—		—		—		45,271
Development services (3)	—		—		13,566		—		13,566
Total Out of Scope of Topic 606 Revenue	130,473		—		13,566		—		144,039
Total revenue	$	1,802,687	$	3,884,529	$	211,470	$	(9,518)	$	5,889,168

_______________________________

(1)We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606.

(2)Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606.

(3)Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842

(4)Prior period segment results for all of our reportable segments have been recast to conform to the changes as discussed in Note 14.