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Investments in Real Estate Ventures (Tables)
9 Months Ended
Sep. 30, 2020
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.
(in millions)
September 30, 2020
December 31, 2019
Property and equipment, net
$
132.9

126.3

Investments in real estate ventures
9.2

13.2

Other assets
9.6

14.3

Total assets
$
151.7

153.8

Other current liabilities
$
2.6

3.2

Mortgage indebtedness (included in Other liabilities)
71.3

69.7

Total liabilities
73.9

72.9

Members' equity (included in Noncontrolling interest)
77.8

80.9

Total liabilities and members' equity
$
151.7

153.8


Comprehensive Income Amounts Consolidated for Variable Interest Entity [Table Text Block]
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2020
2019
 
2020
2019
Revenue
$
3.6

1.9

 
$
10.8

4.9

Operating and other expenses
(3.7
)
(2.1
)
 
(11.9
)
(5.3
)
Net gains on sale of investments1
3.1


 
15.3


Net income (loss)
$
3.0

(0.2
)
 
$
14.2

(0.4
)

Investments in real estate ventures, Fair Value The table below shows the movement in our investments in real estate ventures reported at fair value.
(in millions)
2020
2019
Fair value investments as of January 1,
$
328.6

247.3

Investments
36.8

67.1

Distributions
(58.8
)
(39.2
)
Change in fair value, net
(9.1
)
29.8

Foreign currency translation adjustments, net
1.5

(0.8
)
Fair value investments as of September 30,
$
299.0

304.2