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Revenues (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

The following table presents the Company’s revenues disaggregated by revenue source ($ in thousands):



	2019		2018		2017
Rental income ⁽¹⁾	$	1,425,585	$	1,366,590	$	1,326,464
Other property ⁽¹⁾	25,043		24,280		27,861
Management and other fees from affiliates	9,527		9,183		9,574
Total revenues	$	1,460,155	$	1,400,053	$	1,363,899


⁽¹⁾	On January 1, 2019, the Company adopted ASU No. 2016-02 and ASU No. 2018-11. As a result of this adoption, certain amounts previously classified as other property revenue have been reclassified to rental income. Prior period amounts have been adjusted to conform to the current period's presentation.

The following table presents the Company’s rental and other property-leasing revenues disaggregated by geographic operating segment ($ in thousands):



	2019		2018		2017
Southern California	$	610,240	$	592,281	$	574,552
Northern California	569,556		522,561		505,313
Seattle Metro	245,476		236,525		229,871
Other real estate assets ⁽¹⁾	25,356		39,503		44,589
Total rental and other property revenues	$	1,450,628	$	1,390,870	$	1,354,325


⁽¹⁾	Other real estate assets consists of revenue generated from retail space, commercial properties, held for sale properties, and disposition properties. Executive management does not evaluate such operating performance geographically.

The following table presents the Company’s rental and other property revenues disaggregated by current property category status ($ in thousands):



	2019		2018		2017
Same-property ⁽¹⁾	$	1,367,311	$	1,321,862	$	1,284,030
Acquisitions ⁽²⁾	22,924		259		—
Development ⁽³⁾	7,562		2,713		—
Redevelopment	20,988		20,345		19,641
Non-residential/other, net ⁽⁴⁾	31,843		45,691		50,654
Total rental and other property revenues	$	1,450,628	$	1,390,870	$	1,354,325


⁽¹⁾	Properties that have comparable stabilized results as of January 1, 2018 and are consolidated by the Company for the years ended December 31, 2019, 2018, and 2017. A community is generally considered to have reach stabilized operations once it achieves an initial occupancy of 95%.


⁽²⁾	Acquisitions includes properties acquired which did not have comparable stabilized results as of January 1, 2018.


⁽³⁾	Development includes properties developed which did not have stabilized results as of January 1, 2018.

⁽⁴⁾

Non-residential/other, net consists of revenue generated from retail space, commercial properties, held for sale properties, disposition properties and student housing