XML 35 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Investments in Real Estate Ventures (Tables)
3 Months Ended
Mar. 31, 2021
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)March 31, 2021December 31, 2020
Property and equipment, net$154.0 117.4 
Investments in real estate ventures9.2 9.0 
Other assets11.2 21.0 
Total assets$174.4 147.4 
Other current liabilities$1.8 1.9 
Mortgage indebtedness (included in Other liabilities)89.6 60.3 
Total liabilities91.4 62.2 
Members' equity (included in Noncontrolling interest)83.0 85.2 
Total liabilities and members' equity$174.4 147.4 
Comprehensive Income Amounts Consolidated for Variable Interest Entity [Table Text Block]
Three Months Ended March 31,
(in millions)20212020
Revenue$2.6 4.3 
Operating and other expenses(3.2)(4.3)
Net gains on sale of investments(1)
 12.2 
Net (loss) income$(0.6)12.2 
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)20212020
Fair value investments as of January 1,$340.3 328.6 
Investments55.8 28.9 
Distributions(3.3)(16.0)
Change in fair value, net45.7 (35.2)
Foreign currency translation adjustments, net(3.1)(4.3)
Fair value investments as of March 31,$435.4 302.0