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Revenues
 9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregated Revenue

The following table presents the Company’s revenues disaggregated by revenue source ($ in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
 2021202020212020
Rental income$355,591 $362,073 $1,046,218 $1,108,658 
Other property5,029 6,391 16,035 17,705 
Management and other fees from affiliates2,237 2,347 6,707 7,312 
Total revenues$362,857 $370,811 $1,068,960 $1,133,675 

The following table presents the Company’s rental and other property revenues disaggregated by geographic operating segment ($ in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
 2021202020212020
Southern California$150,807 $136,651 $434,926 $426,987 
Northern California145,807 147,081 435,883 457,655 
Seattle Metro60,280 60,617 178,180 184,310 
Other real estate assets (1)
3,726 24,115 13,264 57,411 
Total rental and other property revenues$360,620 $368,464 $1,062,253 $1,126,363 

(1) Other real estate assets consist of revenues generated from retail space, commercial properties, held for sale properties, disposition properties and straight-line rent adjustments for concessions. 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):
 Three Months Ended September 30,Nine Months Ended September 30,
 2021202020212020
Same-property (1)
$325,153 $316,639 $957,908 $986,945 
Acquisitions (2)
14,789 14,237 42,410 40,491 
Development (3)
8,055 5,461 22,485 13,956 
Redevelopment4,340 4,277 13,079 14,774 
Non-residential/other, net (4)
11,319 13,119 35,721 52,491 
Straight line rent concession (5)
(3,036)14,731 (9,350)17,706 
Total rental and other property revenues$360,620 $368,464 $1,062,253 $1,126,363 

(1) Properties that have comparable stabilized results as of January 1, 2020 and are consolidated by the Company for the three and nine months ended September 30, 2021 and 2020. A community is generally considered to have reached stabilized operations once it achieves an initial occupancy of 90%.
(2) Acquisitions include properties acquired which did not have comparable stabilized results as of January 1, 2020.
(3) Development includes properties developed which did not have stabilized results as of January 1, 2020.
(4) Non-residential/other, net consists of revenues generated from retail space, commercial properties, held for sale properties, disposition properties, student housing, properties undergoing significant construction activities that do not meet our redevelopment criteria, and two communities located in the California counties of Santa Barbara and Santa Cruz, which the Company does not consider its core markets.
(5) Same-property revenues reflect concessions on a cash basis. Total rental and other property revenues reflect concessions on a straight-line basis in accordance with U.S. GAAP.

Deferred Revenues and Remaining Performance Obligations

When cash payments are received or due in advance of the Company’s performance of contracts with customers, deferred revenue is recorded. The total deferred revenue balance related to such contracts was $2.6 million and $3.1 million as of September 30, 2021 and December 31, 2020, respectively, and was included in accounts payable and accrued liabilities within the accompanying condensed consolidated balance sheets. The amount of revenue recognized for the nine months ended September 30, 2021 that was included in the December 31, 2020 deferred revenue balance was $0.5 million, which was included in interest and other income within the condensed consolidated statements of income and comprehensive income.

A performance obligation is a promise in a contract to transfer a distinct good or service to the customer, and is the unit of account in the revenue recognition accounting standard. As of September 30, 2021, the Company had $2.6 million of remaining performance obligations. The Company expects to recognize approximately 7% of these remaining performance obligations in 2021, an additional 55% through 2023, and the remaining balance thereafter.