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Related Party Arrangements
9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Related Party Arrangements
Related Party Arrangements

Unconsolidated Entities

The Company manages unconsolidated real estate entities for which it receives asset management, property management, development and redevelopment fee revenue. From these entities, the Company earned fees of $1,320,000 and $2,161,000 during the three months ended September 30, 2016 and 2015, respectively, and $4,310,000 and $7,714,000 for the nine months ended September 30, 2016 and 2015, respectively. These fees are recognized on an accrual basis when earned in accordance with the accounting guidance applicable to revenue recognition, and are included in management, development and other fees on the accompanying Condensed Consolidated Statements of Comprehensive Income. In addition, the Company has outstanding receivables associated with its property and construction management role of $9,983,000 and $3,832,000 as of September 30, 2016 and December 31, 2015, respectively.

Director Compensation

The Company recorded non-employee director compensation expense relating to restricted stock grants and deferred stock awards in the amount of $260,000 and $293,000 in the three months ended September 30, 2016 and 2015, respectively, and $877,000 and $842,000 in the nine months ended September 30, 2016 and 2015, respectively, as a component of general and administrative expense. Deferred compensation relating to these restricted stock grants and deferred stock awards to non-employee directors was $693,000 and $488,000 on September 30, 2016 and December 31, 2015, respectively. During the nine months ended September 30, 2016, the Company issued 44,327 shares of common stock in conjunction with the conversion of deferred stock awards.