Investments in Unconsolidated Subsidiaries

9 Months Ended

Sep. 30, 2018

Equity Method Investments And Joint Ventures [Abstract]

Investments in Unconsolidated Subsidiaries

8.	Investments in Unconsolidated Subsidiaries

Investments in unconsolidated subsidiaries are accounted for under the equity method of accounting. Our investment ownership percentages in equity method investments vary, generally ranging up to 5.0% in our Global Investment Management segment, up to 10.0% in our Development Services segment, and up to 50.0% in our other business segments.

Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2018		2017			2018		2017
Global Investment Management
Revenue	$	305,829	$	308,221		$	931,116	$	813,279
Operating income (loss)		329,982		(59,677	)		607,344		32,211
Net income		281,580		36,937			454,871		101,334
Development Services
Revenue	$	34,582	$	29,273		$	88,587	$	78,276
Operating income		188,470		152,102			271,607		329,959
Net income		170,387		141,489			240,700		307,641
Other
Revenue	$	52,534	$	46,648		$	161,471	$	116,651
Operating income		4,537		6,504			16,427		17,483
Net income		3,920		7,868			16,140		21,526
Total
Revenue	$	392,945	$	384,142		$	1,181,174	$	1,008,206
Operating income		522,989		98,929			895,378		379,653
Net income		455,887		186,294			711,711		430,501