REVENUE (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue disaggregated by revenue source

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

	Three Months Ended				Six Months Ended
(In thousands)	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Revenues
From contracts with customers
Recognized at a point in time:
Condominium rights and unit sales	$	235,622	$	20,885	$	433,932	$	31,722
Master Planned Communities land sales	58,321		52,432		99,633		98,997
Hospitality revenues	25,576		22,569		48,505		45,630
Builder price participation	9,369		5,628		14,564		10,709
Total revenue from contracts with customers	328,888		101,514		596,634		187,058
Recognized at a point in time and/or over time:
Other land revenues	5,569		4,712		10,298		8,843
Other rental and property revenues	28,629		12,020		42,450		21,869
Total other income	34,198		16,732		52,748		30,712
Rental and other income (lease-related revenues)
Minimum rents	54,718		50,509		108,804		99,912
Tenant recoveries	13,512		12,250		27,020		25,002
Total rental income	68,230		62,759		135,824		124,914
Total revenues	$	431,316	$	181,005	$	785,206	$	342,684
Revenues by segment
Operating Assets revenues	$	109,219	$	88,808	$	201,172	$	176,555
Seaport District revenues	12,891		4,500		19,921		8,011
Master Planned Communities revenues	72,859		62,765		123,755		118,530
Strategic Developments revenues	236,347		24,932		440,358		39,588
Total revenues	$	431,316	$	181,005	$	785,206	$	342,684

Contract with customer, asset and liability

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	—			(410,322		)
Consideration received during the period	—			322,771
Balance as of June 30, 2019	$	—		$	208,945

Remaining performance obligation, expected timing of satisfaction

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	$	296,426	$	17,290	$	814,334