16.

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 September 30,				For the Nine Months Ended September 30,
(Amounts in thousands)	2018		2017		2018		2017
Rental income	$	167,934	$	156,384	$	500,868	$	469,961
Tenant reimbursement income		15,579		14,053		42,989		38,761
Fee and other income:
Fee income:
Property management		1,476		1,673		4,468		4,815
Asset management		2,222		1,997		5,655		6,622
Acquisition, disposition and leasing		-		1,475		1,750		7,045
Other		381		689		1,080		1,356
Total fee income		4,079		5,834		12,953		19,838
Lease termination income		1,561		954		1,618		1,915
Other income ⁽¹⁾		3,443		2,545		9,858		8,235
Total fee and other income		9,083		9,333		24,429		29,988
Total revenues	$	192,596	$	179,770	$	568,286	$	538,710

⁽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 24, 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 September 30, 2018		1,882		472		894		490		26
Increase	$	324	$	182	$	132	$	-	$	10

As of September 30, 2018 and December 31, 2017, our consolidated balance sheets included $475,000 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 September 30, 2018 and December 31, 2017.