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Fee and Other Income (Tables)
12 Months Ended
Dec. 31, 2024
Disaggregation of Revenue [Abstract]  
Summary of Fee and Other Income

The following table sets forth the details of our fee and other income.

 

 

For the Year Ended December 31,

 

(Amounts in thousands)

2024

 

 

2023

 

 

2022

 

Fee income:

 

 

 

 

 

 

 

 

Asset management

$

8,840

 

 

$

11,075

 

 

$

12,270

 

Property management

 

6,660

 

 

 

7,278

 

 

 

7,981

 

Acquisition, disposition, leasing and other

 

6,380

 

 

 

3,244

 

 

 

8,170

 

Total fee income

 

21,880

 

 

 

21,597

 

 

 

28,421

 

Other income (1)

 

13,821

 

 

 

9,721

 

 

 

9,137

 

Total fee and other income

$

35,701

 

 

$

31,318

 

 

$

37,558

 

 

 

(1)
Primarily comprised of (i) tenant requested services, including cleaning, overtime heating and cooling and (ii) parking income.
Summary of Amount Receivable from Customers under Various Fee Agreement

The following table sets forth the amounts receivable from our customers under our various fee agreements and are included as a component of “accounts and other receivables” on our consolidated balance sheets.

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition,

 

 

 

 

 

 

Asset

 

 

Property

 

 

Disposition, Leasing

 

(Amounts in thousands)

Total

 

 

Management

 

 

Management

 

 

and Other

 

Accounts and other receivables:

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2023

 

$

2,554

 

 

$

1,850

 

 

$

586

 

 

$

118

 

Balance as of December 31, 2024

 

 

1,954

 

 

 

1,326

 

 

 

447

 

 

 

181

 

(Decrease) increase

 

$

(600

)

 

$

(524

)

 

$

(139

)

 

$

63