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Revenue Recognition and Related Party Revenue (Tables)
9 Months Ended
Sep. 30, 2019
Related Party Transactions [Abstract]  
Fees Earned By and Expenses Reimbursable from Managed Funds
Summarized below are amounts included in Fees and Management Income. The revenue includes the fees and reimbursements earned by us from the Managed Funds, and other revenues that are not in the scope of ASC 606 but are included in this table for the purpose of disclosing all related party revenues (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2019
 
September 30, 2019
 
PECO III
 
Joint Ventures
 
Other Parties(1)
 
Total
 
PECO III
 
Joint Ventures
 
Other Parties(1)
 
Total
Recurring fees(2)
$
217

 
$
1,393

 
$
59

 
$
1,669

 
$
639

 
$
4,074

 
$
177

 
$
4,890

Transactional revenue and
   reimbursements(3)
75

 
530

 
1

 
606

 
1,091

 
1,556

 
8

 
2,655

Insurance premiums

 

 
491

 
491

 
24

 
72

 
1,437

 
1,533

Total fees and management
   income
$
292

 
$
1,923

 
$
551

 
$
2,766

 
$
1,754

 
$
5,702

 
$
1,622

 
$
9,078


(1) 
Insurance premium income from other parties includes amounts from third parties not affiliated with us in the amount of $0.4 million and $1.4 million for the three and nine months ended September 30, 2019.
(2) 
Recurring fees include asset management fees and property management fees.
(3) 
Transaction revenue includes items such as leasing commissions, construction management fees, and acquisition fees.
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2018
 
September 30, 2018
 
REIT II(1)
 
PECO III and Joint Ventures
 
Other Parties(2)
 
Total
 
REIT II(1)
 
PECO III and Joint Ventures
 
Other Parties(2)
 
Total
Recurring fees
$
5,061

 
$
621

 
$
65

 
$
5,747

 
$
15,393

 
$
1,760

 
$
218

 
$
17,371

Transactional revenue and
   reimbursements
1,798

 
875

 
27

 
2,700

 
5,749

 
2,059

 
47

 
7,855

Insurance premiums
90

 

 
437

 
527

 
277

 

 
1,320

 
1,597

Total fees and management
   income
$
6,949

 
$
1,496

 
$
529

 
$
8,974

 
$
21,419

 
$
3,819

 
$
1,585

 
$
26,823

(1) 
All amounts earned from REIT II were earned prior to the close of the Merger in November 2018, and ceased upon its acquisition by us.
(2) 
Recurring fees and other revenue from other parties includes amounts from third parties not affiliated with us in the amount of $0.4 million and $1.3 million for the three and nine months ended September 30, 2018.