| Summary of Disaggregation of Revenue |
The following tables present revenues disaggregated by significant product offerings, which align with the Company’s performance obligations and the basis for calculating each amount for the years ended December 31, 2022, 2021, and 2020 (in thousands):
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Year Ended December 31, |
| FUND MANAGEMENT FEES |
2022 |
|
2021 |
|
2020 |
| Funds |
$ |
214,816 |
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|
$ |
150,418 |
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|
$ |
104,571 |
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| Joint ventures and separately managed accounts |
6,768 |
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|
5,510 |
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|
5,664 |
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| Total fund management fees |
$ |
221,584 |
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|
$ |
155,928 |
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|
$ |
110,235 |
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Year Ended December 31, |
| PROPERTY MANAGEMENT AND LEASING FEES |
2022 |
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2021 |
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2020 |
| Seniors Housing |
$ |
27,808 |
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|
$ |
25,560 |
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$ |
27,227 |
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| Multifamily |
24,680 |
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|
17,955 |
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|
15,352 |
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| Office |
15,014 |
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|
26,139 |
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|
17,407 |
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| Single-Family Rental |
8,708 |
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— |
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|
— |
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| Total property management and leasing fees |
$ |
76,210 |
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|
$ |
69,654 |
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$ |
59,986 |
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Year Ended December 31, |
| CONSTRUCTION MANAGEMENT FEES |
2022 |
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2021 |
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2020 |
| Multifamily |
$ |
8,138 |
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$ |
4,925 |
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$ |
4,059 |
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| Office |
2,157 |
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|
2,969 |
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|
3,608 |
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| Seniors Housing |
364 |
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|
398 |
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— |
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| Logistics |
197 |
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|
— |
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— |
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| Single-Family Rental |
117 |
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— |
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— |
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| Total construction management fees |
$ |
10,973 |
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$ |
8,292 |
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$ |
8,155 |
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Year Ended December 31, |
| TRANSACTION FEES |
2022 |
|
2021 |
|
2020 |
| Acquisition fees |
$ |
41,833 |
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|
$ |
60,834 |
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$ |
30,849 |
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| Brokerage fees |
14,372 |
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|
14,239 |
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|
8,449 |
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| Total transaction fees |
$ |
56,205 |
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$ |
75,073 |
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$ |
39,298 |
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