Transactions with Affiliates

12 Months Ended

Dec. 31, 2019

12.

TRANSACTIONS WITH AFFILIATES

As part of our co-investment strategy, we have equity interests in real estate ventures, some of which have certain of our officers as trustees or board of director members, and from which we earn advisory and management fees.

Included in the accompanying Consolidated Financial Statements is revenue of $490.0 million, $447.8 million, and $231.3 million for 2019, 2018 and 2017, respectively, as well as receivables of $75.9 million and $146.5 million as of December 31, 2019 and 2018, respectively, related to transactions with affiliates. These amounts primarily relate to transactions with the real estate ventures in which we have equity interests.

The outstanding balance of loans to employees are presented in the following table. Such amounts are included in Notes and other receivables and Long-term receivables on our Consolidated Balance Sheets.



	December 31,
($ in millions)	2019		2018
Loans related to co-investments ⁽¹⁾	$	14.1	13.8
Advances, travel and other ⁽²⁾	255.6		202.5
Total	$	269.7	216.3

(1) These nonrecourse loans have been made to allow employees the ability to participate in investment fund opportunities.

(2) Consists primarily of commissions and other compensation advances to employees that are amortized to Compensation and benefits based on performance over required service periods.

The Company does not extend credit or provide personal loans to any director or executive officer of JLL.