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Revenues (Tables)
 6 Months Ended
Jun. 30, 2021
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 June 30,Six Months Ended June 30,
thousands2021202020212020
Revenues from contracts with customers
Recognized at a point in time:
Condominium rights and unit sales$12,861 $— $50,028 $43 
Master Planned Communities land sales58,342 57,073 95,819 96,805 
Builder price participation11,389 8,947 18,183 16,706 
Total82,592 66,020 164,030 113,554 
Recognized at a point in time or over time:
Other land, rental and property revenues41,389 11,447 64,632 46,344 
Rental and lease-related revenues
Rental revenue88,476 78,706 174,375 171,450 
Total revenues$212,457 $156,173 $403,037 $331,348 
Revenues by segment
Operating Assets revenues$113,422 $84,277 $209,861 $198,534 
Master Planned Communities revenues74,578 68,913 122,865 119,359 
Seaport revenues10,898 2,272 18,351 11,966 
Strategic Developments revenues13,466 624 51,766 1,384 
Corporate revenues93 87 194 105 
Total revenues$212,457 $156,173 $403,037 $331,348 
Contract with customer, assets and liabilities The beginning and ending balances of contract liabilities and significant activity during the period are as follows:
thousandsContract Liabilities
Balance as of December 31, 2020
$360,416 
Consideration earned during the period(71,778)
Consideration received during the period127,030 
Balance as of June 30, 2021
$415,668 
Balance as of December 31, 2019
$246,010 
Consideration earned during the period(30,200)
Consideration received during the period122,526 
Balance as of June 30, 2020
$338,336 
Remaining performance obligation, expected timing of satisfaction The Company expects to recognize this amount as revenue over the following periods:
thousandsLess than 1 year1-2 years3 years and thereafter
Total remaining unsatisfied performance obligations$713,231 $544,582 $737,106