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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2021
Schedule of Fee and Other Income

Revenues earned by the Company related to all of the Company’s unconsolidated joint ventures and interest income are as follows (in millions):

 

 

Three Months

 

 

Six Months

 

 

Ended June 30,

 

 

Ended June 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Revenue from contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset and property management fees

$

2.6

 

 

$

2.7

 

 

$

5.2

 

 

$

7.2

 

Development fees, leasing commissions and other

 

0.5

 

 

 

0.4

 

 

 

0.9

 

 

 

3.0

 

 

 

3.1

 

 

 

3.1

 

 

 

6.1

 

 

 

10.2

 

Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income(A)

 

 

 

 

3.5

 

 

 

 

 

 

6.9

 

Other

 

0.4

 

 

 

0.4

 

 

 

0.8

 

 

 

1.2

 

 

 

0.4

 

 

 

3.9

 

 

 

0.8

 

 

 

8.1

 

 

$

3.5

 

 

$

7.0

 

 

$

6.9

 

 

$

18.3

 

Interest income recorded in 2020 related to preferred equity interests in two joint ventures which were transferred or redeemed in the fourth quarter of 2020.
Adoption of Topic 606 [Member]  
Schedule of Fee and Other Income

Fee and Other Income on the consolidated statements of operations includes revenue from contracts with customers and other property-related income and is recognized in the period earned as follows (in thousands):

 

Three Months

 

 

Six Months

 

 

Ended June 30,

 

 

Ended June 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Revenue from contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset and property management fees

$

6,602

 

 

$

7,551

 

 

$

13,177

 

 

$

16,876

 

Leasing commissions

 

1,038

 

 

 

682

 

 

 

2,055

 

 

 

3,678

 

Development fees

 

126

 

 

 

177

 

 

 

239

 

 

 

1,047

 

Disposition fees

 

592

 

 

 

210

 

 

 

592

 

 

 

1,766

 

Total revenue from contracts with customers

 

8,358

 

 

 

8,620

 

 

 

16,063

 

 

 

23,367

 

Other property income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

880

 

 

 

872

 

 

 

1,424

 

 

 

2,906

 

Total fee and other income

$

9,238

 

 

$

9,492

 

 

$

17,487

 

 

$

26,273