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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Minimum Lease Payments to be Received

As of June 30, 2019, minimum lease payments to be received under long-term operating leases and short-term specialty leases, excluding additional percentage rent based on tenants' sales volume and tenant reimbursements of certain operating expenses, and assuming no exercise of renewal options or early termination rights, are as follows:

	Minimum Lease Payments
Remaining 2019	$	80,410
2020	152,400
2021	138,621
2022	117,565
2023	99,353
Thereafter	338,479
Total	$	926,828

Minimum Lease Payments to be Received

As of December 31, 2018, minimum lease payments to be received under long-term operating leases and short-term specialty leases, excluding additional percentage rent based on tenants' sales volume and tenant reimbursements of certain operating expenses, and assuming no exercise of renewal options or early termination rights, are as follows:

	Minimum Lease Payments
2019	$	151,874
2020	139,290
2021	124,366
2022	103,204
2023	83,744
Thereafter	282,629
Total	$	885,107

Future minimum lease obligations as of December 31, 2018, were as follows:

	Future Minimum Lease Payments
	Operating Leases				Capital Leases
2019	$	717			$	532
2020	611				532
2021	494				519
2022	466				317
2023	479				40
Thereafter	1,041				—
Total expected minimum lease obligation	$	3,808			1,940
Less: Amount representing interest (a)					(151		)
Present value of net minimum lease payments					$	1,789

(a)

Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Disaggregation of Lease Income, Net

The following table reflects the disaggregation of lease income, net:

	Three months ended June 30,								Six months ended June 30,
	2019				2018				2019				2018
Minimum lease payments	$	39,059			$	43,590			$	78,466			$	88,183
Billed and unbilled tax and insurance recoveries	8,717				9,286				16,975				18,175
Billed and unbilled common area maintenance and other recoveries	5,348				5,783				11,125				12,602
Amortization of above and below-market leases and lease inducements, net	1,327				1,246				2,918				2,748
Short-term, termination fee, and other lease income	1,478				413				2,149				1,031
Estimated credit losses	(420		)		(284		)		(1,089		)		(366		)
Lease income, net	$	55,509			$	60,034			$	110,544			$	122,373

Disaggregation of Other Fee Income

The following table reflects the disaggregation of other fee income:

	Three months ended June 30,								Six months ended June 30,
	2019				2018				2019				2018
Property management fees	$	588			$	637			$	1,226			$	1,365
Asset management fees	272				259				517				562
Leasing commissions and other fees	—				28				22				73
Other fee income	$	860			$	924			$	1,765			$	2,000

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919396-209981

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- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919372-209981

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 6A
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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

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