Non-Lease Revenues

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Non-Lease Revenues

Non-Lease Revenues

Columbia Property Trust derives most of its revenues from leases, as described in Note 11, Leases. Columbia Property Trust also has the following non-lease revenue streams.

Management Fee Revenue

Under asset and property management agreements in place with third parties and certain of its unconsolidated joint ventures, Columbia Property Trust earns revenue for performing asset and property management functions for properties owned by the Real Estate Funds and its joint ventures, as further described in Note 4, Unconsolidated Joint Ventures, as well as third-party-owned properties. For the three months ended March 31, 2020 and 2019, Columbia Property Trust earned management fee revenues of $4.3 million and $1.9 million, respectively, under these agreements.

Leasing Fees

Under asset and property management agreements in place with third parties and for certain properties owned by joint ventures and the Real Estate Funds, Columbia Property Trust is eligible to earn leasing fees equal to a percentage of the total rental payments to be made by the tenant over the term of the lease. For the three months ended March 31, 2020 and 2019, Columbia Property Trust earned leasing override fees of $14,600 and $3,000, respectively. Such fees are included in management fee revenue on the accompanying consolidated statements of operations.

Construction and Development Fee Income

Under construction and development contracts in place with third-party properties and for certain properties owned by joint ventures and the Real Estate Funds, Columbia Property Trust earns fees related to construction and development project management and supervision, using a percentage of completion method, measured by the percentage of costs incurred to date as compared with the estimated total costs for each contract. For the three months ended March 31, 2020, Columbia Property Trust earned construction and development fees of $0.8 million. Such fees are included in management fee revenue on the accompanying consolidated statements of operations.

Salary and Other Reimbursement Revenue

Under the property management agreements for third-party-owned properties and certain properties owned through joint ventures and the Real Estate Funds, Columbia Property Trust receives reimbursements for salaries and property operating costs for services that are provided by Columbia Property Trust employees on an ongoing basis. For the three months ended March 31, 2020 and 2019, Columbia Property Trust earned salary and other reimbursement revenue of $3.1 million and $1.1 million, respectively. These amounts are included in management fee revenues in 2020, and in other property income in 2019, on the accompanying consolidated statements of operations.

Miscellaneous Revenue

Columbia Property Trust also receives revenues for services provided to its tenants through the TRS Entities, including fitness centers, shuttles, and cafeterias. For the three months ended March 31, 2020 and 2019, Columbia Property Trust earned miscellaneous revenue of $7,100 and $176,500, respectively. These amounts are included in other property income on the accompanying consolidated statements of operations.