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Revenue Recognition
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Operating Leases
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:
For the year ending December 31,As of December 31, 2023
2024$188,912 
2025178,186 
2026159,268 
2027127,019 
2028100,057 
Thereafter346,370 
Total$1,099,812 
The foregoing table includes payments from tenants who have taken possession of their space and tenants who have been moved to the cash basis of accounting for revenue recognition purposes. The remaining lease terms range from less than one year to fifty-seven years.
The following table reflects the disaggregation of lease income, net:
Year Ended December 31,
202320222021
Minimum base rent$165,267 $145,467 $128,716 
Real estate tax recoveries31,220 30,107 27,874 
Common area maintenance, insurance, and other recoveries30,731 28,072 23,948 
Ground rent income19,044 14,991 13,167 
Amortization of market-lease intangibles and inducements, net3,343 5,589 4,318 
Short-term and other lease income4,389 4,333 3,378 
Termination fee income836 339 406 
Straight-line rent adjustment, net3,464 2,645 3,272 
Reversal of (provision for) uncollectible straight-line rent(115)1,170 (468)
Provision for uncollectible billed rent and recoveries(1,628)(1,065)(2,264)
Reversal of uncollectible billed rent and recoveries595 1,332 5,003 
Lease income, net$257,146 $232,980 $207,350 
Other Fee Income
Other fee income was derived from services provided to the Company's unconsolidated real estate joint venture and deemed to be related party transactions. The property management, asset management, leasing and other services were provided over the term of the contract.
The following table reflects the disaggregation of other fee income:
Timing of Satisfaction of
Performance Obligations
Year Ended December 31,
202320222021
Property management feesOver time$48 $1,301 $1,952 
Asset management feesOver time32 882 1,128 
Leasing commissions and other feesPoint in time— 383 462 
Other fee income$80 $2,566 $3,542