REVENUES (Tables)

12 Months Ended

Dec. 31, 2019

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



	Year Ended		Year Ended
(In thousands)	December 31, 2019		December 31, 2018
Revenues
From contracts with customers
Recognized at a point in time:
Condominium rights and unit sales	$	448,940	$	357,720
Master Planned Communities land sales	330,146		261,905
Hospitality revenues	87,864		82,037
Builder price participation	35,681		27,085
Total revenue from contracts with customers	902,631		728,747

Recognized at a point in time and/or over time:
Other land revenues	23,399		21,314
Other rental and property revenues	95,703		57,168
Total other income	119,102		78,482

Rental and other income (lease-related revenues)
Minimum rents	221,907		207,315
Tenant recoveries	54,710		49,993
Interest income from sales-type leases	2,189		—
Total rental income	278,806		257,308

Total revenues	$	1,300,539	$	1,064,537

Revenues by segment
Operating Assets revenues	$	400,131	$	348,242
Master Planned Communities revenues	386,781		309,451
Seaport revenues	55,645		32,632
Strategic Developments revenues	457,948		374,212
Corporate revenues	34		—

Total revenues	$	1,300,539	$	1,064,537

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



	Contract			Contract
(In thousands)	Liabilities			Assets
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	—			(490,137		)
Consideration received during the period	—			439,651
Balance as of December 31, 2019	$	—		$	246,010

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	$	120,856	$	431,263	$	491,466