Revenue Recognition and Related Party Revenue (Tables)

6 Months Ended

Jun. 30, 2020

Related Party Transactions [Abstract]

Fees Earned By and Expenses Reimbursable from Managed Funds

Summarized below are amounts included in Fees and Management Income. The revenue includes the fees and reimbursements earned by us from the Managed Funds, and other revenues that are not in the scope of ASC Topic 606, Revenue from Contracts with Customers, but that are included in this table for the purpose of disclosing all related party revenues (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Recurring fees(1)	$	1,182	$	1,639	$	2,398	$	3,221
Transactional revenue and reimbursements(2)	960		827		1,390		2,049
Insurance premiums(3)	618		585		1,137		1,042
Total fees and management income	$	2,760	$	3,051	$	4,925	$	6,312

⁽¹⁾  Recurring fees include asset management fees and property management fees.

⁽²⁾  Transactional revenue includes items such as leasing commissions, construction management fees, and acquisition fees.

⁽³⁾  Insurance premium income from other parties includes amounts from third parties not affiliated with us.