XML 51 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Investments in Real Estate Ventures (Tables)
 6 Months Ended
Jun. 30, 2016
Schedule of Equity Method Investments [Line Items]  
Schedule of Equity Method Investments [Table Text Block]
The following table summarizes the above discussion relative to LIC II:
($ in millions)
June 30, 2016
Our effective ownership interest in co-investment vehicle
48.78
%
Our maximum potential unfunded commitments in LIC II
$
69.9

Our share of unfunded capital commitments to underlying funds
35.4

Our share of exposure on outstanding borrowings
3.6

Our maximum exposure, assuming facility is fully drawn
4.9
Investments in real estate ventures
The table below shows the movement in our investments in real estate ventures reported at fair value.
(in millions)
2016
2015
Fair value investments as of January 1,
$
155.2

113.6

Investments
52.0

22.7

Distributions
(21.9
)
(2.7
)
Change in fair value
12.2

7.0

Foreign currency translation adjustments, net
6.3

(1.6
)
Fair value investments as of June 30,
$
203.8

139.0
Consolidated Variable Interest Entities [Member]  
Schedule of Equity Method Investments [Line Items]  
Balance Sheet Amounts Consolidated for Variable Interest Entity [Table Text Block]
Summarized financial information for our consolidated VIEs is presented in the following tables.
(in millions)
June 30, 2016
December 31, 2015
Property and equipment, net
$
13.9

32.6

Investment in real estate venture
7.0

6.6

Other assets
43.2

4.9

Total assets
$
64.1

44.1

Mortgage indebtedness
$
9.8

25.8

Other liabilities
0.9

—

Total liabilities
10.7

25.8

Members' equity
53.4

18.3

Total liabilities and members' equity
$
64.1

44.1
Comprehensive Income Amounts Consolidated for Variable Interest Entity [Table Text Block]
 
Three Months Ended June 30,
Six Months Ended June 30,
(in millions)
2016
2015
2016
2015
Revenue
$
1.1

1.3

$
3.0

2.4

Operating and other expenses
(0.1
)
(0.9
)
(2.0
)
(1.8
)
Gain on sale of investment
13.3

—

13.3

1.3

Net income
$
14.3

0.4

$
14.3

1.9