REVENUE (Tables)

3 Months Ended

Mar. 31, 2019

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



	Three Months Ended
(In thousands)	March 31, 2019		March 31, 2018
Revenues
From contracts with customers
Recognized at a point in time:
Condominium rights and unit sales	$	198,310	$	10,837
Master Planned Communities land sales	41,312		46,565
Hospitality revenues	22,929		23,061
Builder price participation	5,195		5,081
Total revenue from contracts with customers	267,746		85,544

Recognized at a point in time and/or over time:
Other land revenues	4,729		4,131
Other rental and property revenues	13,821		9,849
Total other income	18,550		13,980

Rental and other income (lease-related revenues)
Minimum rents	54,086		49,395
Tenant recoveries	13,508		12,760
Total rental income	67,594		62,155

Total revenues	$	353,890	$	161,679

Revenues by segment
Operating Assets revenues	$	91,953	$	87,747
Master Planned Communities revenues	50,896		55,765
Seaport District revenues	7,030		3,511
Strategic Developments revenues	204,011		14,656

Total revenues	$	353,890	$	161,679

The beginning and ending balances of contract assets and liabilities and significant activity during the period is as follows:



	Contract			Contract
(In thousands)	Assets			Liabilities
Balance as of January 1, 2018	$	—		$	179,179
Consideration earned during the period	(35,834		)	(308,898		)
Consideration received during the period	35,834			426,215
Balance as of December 31, 2018	—			296,496
Consideration earned during the period	—			(166,485		)
Consideration received during the period	—			57,925
Balance as of March 31, 2019	$	—		$	187,936

The Company expects to recognize this amount as revenue over the following periods:



(In thousands)	Less than 1 year		1-2 years		3 years and thereafter
Total remaining unsatisfied performance obligations	$	439,994	$	22,909	$	757,878