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Revenue Recognition (Tables) - Adoption of Topic 606 [Member]
12 Months Ended
Dec. 31, 2021
Schedule of Fee and Other Income

Fee and Other Income on the consolidated statements of operations includes revenue from contracts with customers and other property-related income and is recognized in the period earned as follows (in thousands):

 

For the Year Ended December 31,

 

 

2021

 

 

2020

 

 

2019

 

Revenue from contracts:

 

 

 

 

 

 

 

 

 

 

 

Asset and property management fees

$

25,798

 

 

$

31,255

 

 

$

42,355

 

Leasing commissions

 

3,184

 

 

 

5,528

 

 

 

6,300

 

Development fees

 

694

 

 

 

1,428

 

 

 

2,019

 

RVI disposition fees

 

9,016

 

 

 

3,142

 

 

 

3,454

 

RVI credit facility guaranty and refinancing fees

 

60

 

 

 

60

 

 

 

1,860

 

Total revenue from contracts with customers

 

38,752

 

 

 

41,413

 

 

 

55,988

 

Other property income:

 

 

 

 

 

 

 

 

 

 

 

Other

 

3,313

 

 

 

4,056

 

 

 

7,694

 

Total fee and other income

$

42,065

 

 

$

45,469

 

 

$

63,682

 

Schedule of Significant Changes in Leasing Commission Balances

Contract assets are included in Other Assets, net on the consolidated balance sheets.  The significant changes in the leasing commission balances during the year ended December 31, 2021, are as follows (in thousands):

Balance as of January 1, 2021

$

513

 

   Contract assets recognized

 

673

 

   Contract assets billed

 

(804

)

Balance as of December 31, 2021

$

382