Investments in Real Estate Ventures (Tables)

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Balance Sheet Amounts Consolidated for Variable Interest Entity [Table Text Block]

Summarized financial information for our consolidated VIEs is presented in the following tables.



	December 31,
($ in millions)	2017		2016
Property and equipment, net	$	15.7	13.8
Investments in real estate ventures	12.6		10.3
Other assets ⁽¹⁾	44.4		40.7
Total assets	$	72.7	64.8
Other current liabilities ⁽¹⁾	$	30.9	35.0
Mortgage indebtedness (included in Other liabilities)	9.2		9.7
Total liabilities	40.1		44.7
Members' equity (included in Noncontrolling interest)	32.6		20.1
Total liabilities and members' equity	$	72.7	64.8

(1) Balances primarily represent investment properties and their corresponding liabilities, classified as held-for-sale.

Comprehensive Income Amounts Consolidated for Variable Interest Entity [Table Text Block]



	Year Ended December 31,
($ in millions)	2017			2016		2015
Revenue ⁽²⁾	$	5.9		6.6		8.5
Operating and other expenses	(4.2		)	(7.1	)	(3.9	)
Gain on sale of investment	—			13.3		1.4
Net income	$	1.7		12.8		6.0

(2) Includes $3.3 million for the year ended December 31, 2015, representing our proportionate share of the gain on the sale of real estate by an investment of one of our consolidated VIE's that was accounted for pursuant to the equity method.

Summary of Combined Financial Information for Unconsolidated Ventures

The following tables summarize the combined financial information for our unconsolidated real estate ventures (including those held via LIC II) accounted for under equity method or at fair value.



				December 31,
($ in millions)				2017		2016
Balance Sheets:
	Investments in real estate, net of depreciation			$	17,407.4	14,780.7
	Total assets			19,589.7		16,728.2
	Mortgage indebtedness			6,170.5		5,480.6
	Other borrowings			926.3		502.0
	Total liabilities			8,301.1		6,729.7
	Total equity			11,288.6		9,998.5

		Year Ended December 31,
($ in millions)		2017		2016		2015
Statements of Operations:
	Revenue	$	1,319.0	1,266.8		1,473.6
	Net income	895.7		874.7		1,179.5

Investments in real estate ventures

The table below shows the movement in our investments in real estate ventures reported at fair value.



	Year Ended December 31,
($ in millions)	2017			2016		2015
Fair value investments as of January 1,	$	212.7		155.2		113.6
Investments	33.5			105.8		33.8
Distributions	(37.1		)	(62.1	)	(9.0	)
Change in fair value	28.1			16.6		21.1
Foreign currency translation adjustments, net	5.1			(2.8	)	(4.3	)
Fair value investments as of December 31,	$	242.3		212.7		155.2