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Revenues
 6 Months Ended
Jun. 30, 2022
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 June 30,Six Months Ended June 30,
 2022202120222021
Rental income$391,778 $343,322 $765,203 $690,627 
Other property5,462 5,435 11,253 11,006 
Management and other fees from affiliates2,738 2,221 5,427 4,470 
Total revenues$399,978 $350,978 $781,883 $706,103 

The following table presents the Company’s rental and other property revenues disaggregated by geographic operating segment ($ in thousands):
 Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
Southern California$164,511 $142,150 $321,480 $284,119 
Northern California160,498 143,386 313,088 290,076 
Seattle Metro67,707 59,267 131,910 117,900 
Other real estate assets (1)
4,524 3,954 9,978 9,538 
Total rental and other property revenues$397,240 $348,757 $776,456 $701,633 

(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 June 30,Six Months Ended June 30,
 2022202120222021
Same-property (1)
$373,331 $331,221 $729,604 $665,658 
Acquisitions (2)
1,753 319 3,500 319 
Development (3)
11,184 7,500 20,611 14,430 
Redevelopment1,491 1,506 2,926 3,138 
Non-residential/other, net (4)
12,748 11,156 25,666 24,402 
Straight line rent concession (5)
(3,267)(2,945)(5,851)(6,314)
Total rental and other property revenues$397,240 $348,757 $776,456 $701,633 

(1) Properties that have comparable stabilized results as of January 1, 2021 and are consolidated by the Company for the three and six months ended June 30, 2022 and 2021. 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, 2021.
(3) Development includes properties developed which did not have stabilized results as of January 1, 2021.
(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 $2.1 million and $2.4 million as of June 30, 2022 and December 31, 2021, respectively, and was included in accounts payable and accrued liabilities within the accompanying condensed consolidated balance sheets. The amount of revenue recognized for the six months ended June 30, 2022 that was included in the December 31, 2021 deferred revenue balance was $0.3 million, which was included in interest and other (loss) 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 June 30, 2022, the Company had $2.1 million of remaining performance obligations. The Company expects to recognize approximately 19% of these remaining performance obligations in 2022, and an additional 66% through 2024, and the remaining balance thereafter.