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Revenues
 9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
 2022202120222021
Rental income$401,467 $355,591 $1,166,670 $1,046,218 
Other property5,395 5,029 16,648 16,035 
Management and other fees from affiliates2,886 2,237 8,313 6,707 
Total revenues$409,748 $362,857 $1,191,631 $1,068,960 
The following table presents the Company’s rental and other property revenues disaggregated by geographic operating segment ($ in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
 2022202120222021
Southern California$168,883 $150,807 $490,363 $434,926 
Northern California163,157 145,807 476,245 435,883 
Seattle Metro69,054 60,280 200,964 178,180 
Other real estate assets (1)
5,768 3,726 15,746 13,264 
Total rental and other property revenues$406,862 $360,620 $1,183,318 $1,062,253 

(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,
 2022202120222021
Same-property (1)
$380,562 $341,744 $1,110,166 $1,007,402 
Acquisitions (2)
2,570 1,004 6,070 1,323 
Development (3)
11,327 8,055 31,938 22,485 
Redevelopment1,422 1,533 4,348 4,671 
Non-residential/other, net (4)
12,413 11,320 38,079 35,722 
Straight line rent concession (5)
(1,432)(3,036)(7,283)(9,350)
Total rental and other property revenues$406,862 $360,620 $1,183,318 $1,062,253 

(1) Properties that have comparable stabilized results as of January 1, 2021 and are consolidated by the Company for the three and nine months ended September 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 $1.9 million and $2.4 million as of September 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 nine months ended September 30, 2022 that was included in the December 31, 2021 deferred revenue balance was $0.5 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 September 30, 2022, the Company had $1.9 million of remaining performance obligations. The Company expects to recognize approximately 11% of these remaining performance obligations in 2022, and an additional 72% through 2024, and the remaining balance thereafter.