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Revenues | 12 Months Ended
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Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
Revenues | Revenues On January 1, 2018, the Company adopted ASU No. 2014-09, "Revenue from Contracts with Customers" using a modified retrospective transition method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods after January 1, 2018 are presented under the new standard, while prior period amounts are not adjusted and continue to be reported in accordance with the old revenue recognition standard. Based on a full analysis of applicable contracts, the Company determined that the new standard did not have an impact to reported revenues from prior or current periods. Disaggregated Revenue The following table presents the Company’s revenues disaggregated by revenue source ($ in thousands):
| 2019 |  | 2018 |  | 2017
Rental income (1) | $ | 1,425,585 |  |  | $ | 1,366,590 |  |  | $ | 1,326,464 |
Other property (1) | 25,043 |  |  | 24,280 |  |  | 27,861 |
Management and other fees from affiliates | 9,527 |  |  | 9,183 |  |  | 9,574 |
Total revenues | $ | 1,460,155 |  |  | $ | 1,400,053 |  |  | $ | 1,363,899 |
(1) | On January 1, 2019, the Company adopted ASU No. 2016-02 and ASU No. 2018-11. As a result of this adoption, certain amounts previously classified as other property revenue have been reclassified to rental income. Prior period amounts have been adjusted to conform to the current period's presentation.
The following table presents the Company’s rental and other property-leasing revenues disaggregated by geographic operating segment ($ in thousands):
| 2019 |  | 2018 |  | 2017
Southern California | $ | 610,240 |  |  | $ | 592,281 |  |  | $ | 574,552 |
Northern California | 569,556 |  |  | 522,561 |  |  | 505,313 |
Seattle Metro | 245,476 |  |  | 236,525 |  |  | 229,871 |
Other real estate assets (1) | 25,356 |  |  | 39,503 |  |  | 44,589 |
Total rental and other property revenues | $ | 1,450,628 |  |  | $ | 1,390,870 |  |  | $ | 1,354,325 |
(1) | Other real estate assets consists of revenue generated from retail space, commercial properties, held for sale properties, and disposition properties. Executive management does not evaluate such operating performance geographically.
The following table presents the Company’s rental and other property revenues disaggregated by current property category status ($ in thousands):
| 2019 |  | 2018 |  | 2017
Same-property (1) | $ | 1,367,311 |  |  | $ | 1,321,862 |  |  | $ | 1,284,030 |
Acquisitions (2) | 22,924 |  |  | 259 |  |  | — |
Development (3) | 7,562 |  |  | 2,713 |  |  | — |
Redevelopment | 20,988 |  |  | 20,345 |  |  | 19,641 |
Non-residential/other, net (4) | 31,843 |  |  | 45,691 |  |  | 50,654 |
Total rental and other property revenues | $ | 1,450,628 |  |  | $ | 1,390,870 |  |  | $ | 1,354,325 |
(1) | Properties that have comparable stabilized results as of January 1, 2018 and are consolidated by the Company for the years ended December 31, 2019, 2018, and 2017. A community is generally considered to have reach stabilized operations once it achieves an initial occupancy of 95%.
(2) | Acquisitions includes properties acquired which did not have comparable stabilized results as of January 1, 2018.
(3) | Development includes properties developed which did not have stabilized results as of January 1, 2018.
(4) | Non-residential/other, net consists of revenue generated from retail space, commercial properties, held for sale properties, disposition properties and student housing.
Deferred Revenues and Remaining Performance Obligations When cash payments are received or due in advance of the Company’s performance of contracts with customers, deferred revenue is recorded. The total deferred revenue balance related to such contracts was $3.9 million and $6.2 million as of December 31, 2019 and December 31, 2018, respectively, and was included in accounts payable and accrued liabilities within the accompanying consolidated balance sheets. The amount of revenue recognized for the year ended December 31, 2019 that was included in the December 31, 2018 deferred revenue balance was $2.3 million, which was included in interest and other income within the consolidated statements of income and comprehensive income. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer, and is the unit of account in the new revenue recognition accounting standard. As of December 31, 2019, the Company had $3.9 million of remaining performance obligations. The Company expects to recognize approximately 19% of these remaining performance obligations in 2020, an additional 38% through 2022, and the remaining balance thereafter. Practical Expedients The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or when variable consideration is allocated entirely to a wholly unsatisfied performance obligation.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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