Revenue (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
|---|
| Fund Management Fees [Member] |
|
| Disaggregation of Revenue [Line Items] |
|
| Summary of Disaggregation of Revenue |
The following tables present revenues disaggregated by product offering, which aligns with the Company’s performance obligations and the basis for calculating each amount:
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FUND MANAGEMENT FEES |
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
(in thousands) |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Funds |
|
$ |
38,827 |
|
|
$ |
25,152 |
|
|
$ |
101,808 |
|
|
$ |
73,791 |
|
Joint ventures and separately managed accounts |
|
|
1,749 |
|
|
|
1,472 |
|
|
|
4,155 |
|
|
|
4,275 |
|
Total fund management fees |
|
$ |
40,576 |
|
|
$ |
26,624 |
|
|
$ |
105,963 |
|
|
$ |
78,066 |
|
|
| Property Management And Leasing Fees [Member] |
|
| Disaggregation of Revenue [Line Items] |
|
| Summary of Disaggregation of Revenue |
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PROPERTY MANAGEMENT AND LEASING FEES |
|
Three Months Ended |
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|
Nine Months Ended |
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|
|
September 30, |
|
|
September 30, |
|
(in thousands) |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Seniors Housing |
|
$ |
6,433 |
|
|
$ |
6,490 |
|
|
$ |
19,589 |
|
|
$ |
20,641 |
|
Multifamily |
|
|
4,536 |
|
|
|
3,839 |
|
|
|
12,951 |
|
|
|
11,227 |
|
Office |
|
|
11,541 |
|
|
|
3,418 |
|
|
|
21,052 |
|
|
|
13,246 |
|
Total property management and leasing fees |
|
$ |
22,510 |
|
|
$ |
13,747 |
|
|
$ |
53,592 |
|
|
$ |
45,114 |
|
|
| Construction Management Fees [Member] |
|
| Disaggregation of Revenue [Line Items] |
|
| Summary of Disaggregation of Revenue |
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CONSTRUCTION MANAGEMENT FEES |
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
(in thousands) |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Multifamily |
|
$ |
1,295 |
|
|
$ |
911 |
|
|
$ |
3,353 |
|
|
$ |
2,906 |
|
Office |
|
|
730 |
|
|
|
796 |
|
|
|
2,308 |
|
|
|
2,297 |
|
Seniors Housing |
|
|
72 |
|
|
|
85 |
|
|
|
327 |
|
|
|
366 |
|
Total construction management fees |
|
$ |
2,097 |
|
|
$ |
1,792 |
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|
$ |
5,988 |
|
|
$ |
5,569 |
|
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| Transaction Fees [Member] |
|
| Disaggregation of Revenue [Line Items] |
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| Summary of Disaggregation of Revenue |
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TRANSACTION FEES |
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
(in thousands) |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Acquisition fees |
|
$ |
19,838 |
|
|
$ |
3,793 |
|
|
$ |
37,627 |
|
|
$ |
15,877 |
|
Brokerage fees |
|
|
2,069 |
|
|
|
1,292 |
|
|
|
5,848 |
|
|
|
4,847 |
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Total transaction fees |
|
$ |
21,907 |
|
|
$ |
5,085 |
|
|
$ |
43,475 |
|
|
$ |
20,724 |
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