13.

Revenues

Our revenues consist primarily of rental income, tenant reimbursement income and fee and other income. The following table sets forth the details of our revenues.

	For the Three Months Ended March 31,
(Amounts in thousands)	2018		2017
Rental income	$	163,405	$	155,390
Tenant reimbursement income		14,246		12,852
Fee and other income:
Fee income:
Property management		1,502		1,610
Asset management		1,610		2,293
Acquisition, disposition and leasing		-		5,320
Other		353		333
Total fee income		3,465		9,556
Lease termination income		28		66
Other income ⁽¹⁾		3,127		3,372
Total fee and other income		6,620		12,994
Total revenues	$	184,271	$	181,236

⁽¹⁾

Primarily comprised of (i) tenant requested services, including overtime heating and cooling and (ii) parking income.

Property-related Revenues

Property-related revenue is recognized in accordance with ASC Topic 840, Leases, and consists of (i) rental income, which is generated from the lease-up of office, retail and storage space to tenants under operating leases and recognized on a straight-line basis over the non-cancellable term of the lease (ii) tenant reimbursement income, which is comprised of reimbursement of certain operating costs and real estate taxes from tenants (iii) lease termination income and (iv) other income.

Revenue from Contracts with Customers

Revenue from contracts with customers, which is primarily comprised of (i) property management fees, (ii) asset management fees, (iii) fees relating to acquisitions, dispositions and leasing services and (iv) other fee income, is recognized in accordance with ASC Topic 606, Revenue From Contracts With Customers. Fee income is generated from the various services we provide to our customers and is disaggregated based on the types of services we provide pursuant to ASC Topic 606.

Fee income is recognized as and when we satisfy our performance obligations listed in the contractual agreements. Services like property management fees and asset management fees are provided continuously over time and revenue is recognized over time. Fee income relating to acquisitions, dispositions and leasing services are recognized upon completion of the acquisition, disposition or leasing services as required in the contractual agreements. The amount of fee income to be recognized is stated in the contract as a fixed price or as a stated percentage of revenues, contributed capital or transaction price. Fee income is reported in a non-operating segment, and therefore is shown as a reconciling item to net income in Note 20, Segments.

The table below 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,
			Property			Asset		Disposition
(Amounts in thousands)	Total		Management			Management		and Leasing		Other
Accounts and other receivables:
Balance as of December 31, 2017	$	1,558	$	290		$	762	$	490	$	16
Balance as of March 31, 2018		1,568		284			785		490		9
Increase (decrease)	$	10	$	(6	)	$	23	$	-	$	(7	)