Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Minimum Lease Payments to be Received

As of September 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	$	40,463
2020	154,921
2021	142,373
2022	121,061
2023	104,764
Thereafter	377,833
Total	$	941,415

Schedule of 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 September 30						Nine months ended September 30
	2019			2018			2019			2018
Minimum lease payments	$	40,664		$	42,990		$	119,130		$	131,173
Billed and unbilled tax and insurance recoveries	8,520			7,613			25,495			25,788
Billed and unbilled common area maintenance and other recoveries	5,627			6,000			16,752			18,602
Amortization of above and below-market leases and lease inducements, net	1,628			1,104			4,546			3,852
Short-term, termination fee and other lease income	505			1,458			2,654			2,489
Estimated credit losses	(176		)	(399		)	(1,265		)	(765		)
Lease income, net	$	56,768		$	58,766		$	167,312		$	181,139

Disaggregation of Other Fee Income

The following table reflects the disaggregation of other fee income:

	Three months ended September 30				Nine months ended September 30
	2019		2018		2019		2018
Property management fees	$	592	$	631	$	1,818	$	1,996
Asset management fees	278		269		795		831
Leasing commissions and other fees	198		65		220		138
Other fee income	$	1,068	$	965	$	2,833	$	2,965