REVENUE (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
(In thousands)	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Revenues
From contracts with customers
Recognized at a point in time:
Condominium rights and unit sales	$	9,999	$	8,045	$	443,931	$	39,767
Master Planned Communities land sales	77,368		127,730		177,001		226,727
Hospitality revenues	20,031		19,108		68,536		64,738
Builder price participation	9,660		8,685		24,224		19,394
Total revenue from contracts with customers	117,058		163,568		713,692		350,626
Recognized at a point in time and/or over time:
Other land revenues	5,954		7,145		16,646		15,988
Other rental and property revenues	37,816		20,397		79,872		42,266
Total other income	43,770		27,542		96,518		58,254
Rental and other income (lease-related revenues)
Minimum rents	55,552		53,244		164,356		153,156
Tenant recoveries	13,704		12,806		40,724		37,808
Interest income from sales-type leases	1,088		—		1,088		—
Total rental income	70,344		66,050		206,168		190,964
Total revenues	$	231,172	$	257,160	$	1,016,378	$	599,844
Revenues by segment
Operating Assets revenues	$	104,223	$	87,462	$	305,395	$	264,017
Seaport District revenues	23,130		14,601		43,051		22,612
Master Planned Communities revenues	92,287		143,135		216,042		261,665
Strategic Developments revenues	11,515		11,962		451,873		51,550
Corporate revenues	17		—		17		—
Total revenues	$	231,172	$	257,160	$	1,016,378	$	599,844

Contract with customer, assets and liabilities

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	—			(453,939		)
Consideration received during the period	—			375,624
Balance as of September 30, 2019	$	—		$	218,181

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	$	237,256	$	442,123	$	534,567