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Revenue Recognition (Tables)
9 Months Ended
Sep. 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

 

 

Nine Months

 

 

Ended September 30,

 

 

Ended September 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Revenue from contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset and property management fees

$

2.8

 

 

$

3.0

 

 

$

8.0

 

 

$

10.1

 

Development fees, leasing commissions and other

 

0.6

 

 

 

0.6

 

 

 

1.5

 

 

 

3.6

 

 

 

3.4

 

 

 

3.6

 

 

 

9.5

 

 

 

13.7

 

Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income(A)

 

 

 

 

3.5

 

 

 

 

 

 

10.5

 

Other

 

0.4

 

 

 

0.5

 

 

 

1.2

 

 

 

1.7

 

 

 

0.4

 

 

 

4.0

 

 

 

1.2

 

 

 

12.2

 

 

$

3.8

 

 

$

7.6

 

 

$

10.7

 

 

$

25.9

 

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

 

 

Nine Months

 

 

Ended September 30,

 

 

Ended September 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Revenue from contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset and property management fees

$

6,459

 

 

$

7,326

 

 

$

19,636

 

 

$

24,201

 

Leasing commissions

 

624

 

 

 

648

 

 

 

2,679

 

 

 

4,327

 

Development fees

 

258

 

 

 

210

 

 

 

497

 

 

 

1,256

 

RVI Disposition fees

 

5,500

 

 

 

856

 

 

 

6,092

 

 

 

2,622

 

RVI Credit facility guaranty fees

 

60

 

 

 

60

 

 

 

60

 

 

 

60

 

Total revenue from contracts with customers

 

12,901

 

 

 

9,100

 

 

 

28,964

 

 

 

32,466

 

Other property income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

971

 

 

 

580

 

 

 

2,395

 

 

 

3,487

 

Total fee and other income

$

13,872

 

 

$

9,680

 

 

$

31,359

 

 

$

35,953