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Fee and Other Income
3 Months Ended
Mar. 31, 2016
Fee And Other Income [Abstract]  
Fee and Other Income

13.

Fee and Other Income

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

 

 

 

 

 

 

For the Three Months Ended March 31,

 

(Amounts in thousands)

 

2016

 

 

2015

 

Fee income

 

 

 

 

 

 

 

 

Property management

 

$

1,521

 

 

$

1,329

 

Asset management (1)

 

 

1,714

 

 

 

-

 

Acquisition and leasing

 

 

-

 

 

 

16

 

Other

 

 

182

 

 

 

190

 

Total fee income

 

 

3,417

 

 

 

1,535

 

Lease termination income (2)

 

 

10,955

 

 

 

391

 

Other income (3)

 

 

6,505

 

 

 

2,569

 

Total fee and other income

 

$

20,877

 

 

$

4,495

 

 ___________________________________

 

(1)

As a result of deconsolidating our real estate funds that were accounted for at fair value, on January 1, 2016, asset management fees are now included in fee income as opposed to a reduction of income attributable to noncontrolling interests in consolidated real estate funds in the prior periods. See Note 3, Real Estate Fund Investments.

 

 

(2)

The three months ended March 31, 2016 include $10,861 of cash income from the termination of a lease with a tenant at 1633 Broadway.

 

 

(3)

Primarily comprised of income from tenant requested work such as after hour heating and cooling, freight elevator services and similar services.