XML 52 R18.htm IDEA: XBRL DOCUMENT v3.22.4
Transactions with Affiliates
 12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]  
Transactions with Affiliates
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 was revenue of $686.4 million, $723.3 million, and $516.4 million for 2022, 2021 and 2020, respectively, as well as receivables of $122.4 million and $152.9 million as of December 31, 2022 and 2021, 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.
December 31,
(in millions)20222021
Loans related to co-investments (1)
$54.0 16.9 
Advances, travel and other (2)
323.2 272.7 
Total$377.2 289.6 
(1) These nonrecourse loans have been made to allow employees the ability to participate in investment fund opportunities. Such amounts are included in Investments on our Consolidated Balance Sheets.
(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. Such amounts are included in Notes and other receivables and Long-term receivables on our Consolidated Balance Sheets.
The Company does not extend credit or provide personal loans to any director or executive officer of JLL.