14.

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 June 30,				For the Six Months Ended June 30,
(Amounts in thousands)	2018		2017		2018		2017
Rental income	$	169,529	$	158,187	$	332,934	$	313,577
Tenant reimbursement income		13,164		11,856		27,410		24,708
Fee and other income:
Fee income:
Property management		1,490		1,532		2,992		3,142
Asset management		1,823		2,359		3,433		4,625
Acquisition, disposition and leasing		1,750		250		1,750		5,570
Other		346		307		699		667
Total fee income		5,409		4,448		8,874		14,004
Lease termination income		29		895		57		961
Other income ⁽¹⁾		3,288		2,318		6,415		5,690
Total fee and other income		8,726		7,661		15,346		20,655
Total revenues	$	191,419	$	177,704	$	375,690	$	358,940

⁽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 pursuant to contractual agreements. Property management and asset management services are provided continuously over time and revenue is recognized over that time. Fee income relating to acquisitions, dispositions and leasing services is 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 21, 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 June 30, 2018		1,651		274			836		490		51
Increase (decrease)	$	93	$	(16	)	$	74	$	-	$	35

As of June 30, 2018 and December 31, 2017, our consolidated balance sheets included $550,000 and $387,000, respectively, of deferred revenue in connection with prepayments for services we have not yet provided. These amounts are included as a component of “accounts payable and accrued expenses” on our consolidated balance sheets and will be recognized as income upon completion of the required services.

There are no other contract assets or liabilities as of June 30, 2018 and December 31, 2017.