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Revenues (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

The Company has the following contract balances as of March 31, 2018:

			As of March 31, 2018				Expected Settlement Period
Description	Financial Statement Line Item						2018				2019				2023
Contract assets (1)	Management, development and leasing fees		$	480			$	(271	)		$	(205	)		$	(4	)
Contract liability (2)	Other rents		98				(49		)		(49		)		—

(1) Represents leasing fees recognized as revenue under third party and unconsolidated affiliates' contracts in which the remaining 50% of the commissions will be paid when the tenant opens. The tenant typically opens within a year, unless the project is in development.

(2) Relates to a contract in which the Company received advance payments in the initial year of the multi-year contract.

A summary of the Company's contract assets activity during the three months ended March 31, 2018 is presented below:

		Contract Assets
Balance as of January 1, 2018 (1)		$	460
Tenant openings		(79		)
Executed leases		99
Balance as of March 31, 2018		$	480

(1) In conjunction with the initial entry to record contract assets, $166 was also recorded in investments in unconsolidated affiliates in the condensed consolidated balance sheets to eliminate the Company's portion related to two unconsolidated affiliates.

Disaggregation of Revenue

The following table presents the Company's revenues disaggregated by revenue source:

		Three Months Ended March 31, 2018
Leasing revenues (1)		$	215,026
Revenues from contracts with customers (ASC 606):
Management, development and leasing fees (2)		2,721
Marketing revenues (3)		1,331
		4,052
Other revenues		1,122
Total revenues		$	220,200

(1) Revenues from leases are accounted for in accordance with ASC 840, Leases.

(2) Included in All Other segment.

(3) Includes $1,326 in the Malls segment and $5 in the All Other segment as of March 31, 2018.

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- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130551-203045

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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/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130545-203045

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