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Investments in Real Estate Ventures (Tables) | 12 Months Ended
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Dec. 31, 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.
| December 31,
(in millions) | 2020 | 2019
Property and equipment, net | $ | 117.4 |  | 126.3 |
Investments in real estate ventures | 9.0 |  | 13.2 |
Other assets | 21.0 |  | 14.3 |
Total assets | $ | 147.4 |  | 153.8 |
Other current liabilities | $ | 1.9 |  | 3.2 |
Mortgage indebtedness (included in Other liabilities) | 60.3 |  | 69.7 |
Total liabilities | 62.2 |  | 72.9 |
Members' equity (included in Noncontrolling interest) | 85.2 |  | 80.9 |
Total liabilities and members' equity | $ | 147.4 |  | 153.8 |
Comprehensive Income Amounts Consolidated for Variable Interest Entity [Table Text Block] |
| Year Ended December 31,
(in millions) | 2020 | 2019 | 2018
Revenue | $ | 13.9 |  | 7.6 |  | 5.8 |
Operating and other expenses | (15.6) |  | (8.6) |  | (5.1) |
Net gains on sale of investments(1) | 22.1 |  | — |  | 2.0 |
Net income (loss) | $ | 20.4 |  | (1.0) |  | 2.7 |
(1) $12.3 million of the 2020 year-to-date gain is included in Equity earnings; the remaining $9.8 million is included in Other income. The 2018 year-to-date gain is included in Other income.
Summary of Combined Financial Information for Unconsolidated Ventures | The following tables summarize the combined financial information for our unconsolidated real estate ventures accounted for under equity method or at fair value.
|  | December 31,
(in millions) |  | 2020 | 2019
Balance Sheets: |  |  |
| Investments in real estate, net of depreciation |  | $ | 24,320.4 |  | 22,006.6 |
| Total assets |  | 28,129.3 |  | 24,784.8 |
| Mortgage indebtedness |  | 7,980.2 |  | 7,345.1 |
| Other borrowings |  | 1,332.9 |  | 1,118.2 |
| Total liabilities |  | 10,720.5 |  | 9,853.9 |
| Total equity |  | 17,408.8 |  | 14,930.9 |
|  | Year Ended December 31,
(in millions) | 2020 | 2019 | 2018
Statements of Operations: |  |  |
| Revenue | $ | 1,702.3 |  | 1,247.6 |  | 1,199.5 |
| Net income | 241.5 |  | 831.2 |  | 1,046.3 |
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) | 2020 | 2019 | 2018
Fair value investments as of January 1, | $ | 328.6 |  | 247.3 |  | 242.3 |
Investments | 51.7 |  | 144.9 |  | 55.2 |
Distributions | (46.8) |  | (101.7) |  | (63.8) |
Change in fair value | (1.0) |  | 35.3 |  | 13.9 |
Foreign currency translation adjustments, net | 7.8 |  | 2.8 |  | (0.3) |
Fair value investments as of December 31, | $ | 340.3 |  | 328.6 |  | 247.3 |

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