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Investments
 9 Months Ended
Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Real Estate Ventures INVESTMENTS
Summarized investment balances as of September 30, 2024 and December 31, 2023 are presented in the following table.
(in millions)September 30, 2024December 31, 2023
JLL Technologies investments$423.4 397.6 
LaSalle co-investments411.0 388.3 
Other investments32.1 30.7 
Total$866.5 816.6 
Our JLL Technologies investments are, generally, investments in early to mid-stage proptech companies as well as proptech funds, while our LaSalle co-investments are, primarily, direct investments in 47 separate property or commingled funds, where we co-invest alongside our clients and for which we also have an advisory agreement.
We have maximum potential unfunded commitments to direct investments or investment vehicles of $233.0 million and $10.5 million as of September 30, 2024 for our LaSalle Investment Management business and JLL Technologies, respectively. LaSalle Investment Management’s potential unfunded commitments decline in 2024 was primarily due to the legal release of a $60.3 million remaining unfunded commitment in a specific underlying fund.
Impairment
There were no significant other-than-temporary impairment charges on investments for the nine months ended September 30, 2024 and 2023.
Fair Value
We report a majority of our investments at fair value. For such investments, we increase or decrease our investment each reporting period by the change in the fair value and we report these fair value adjustments in our Consolidated Statements of Comprehensive Income within Equity earnings/losses. The table below shows the movement in our investments reported at fair value.
(in millions)20242023
Fair value investments as of January 1,$740.8 794.9 
Investments(1)
80.6 141.1 
Distributions(17.3)(20.2)
Change in fair value, net(10.7)(121.8)
Foreign currency translation adjustments, net2.1 (1.2)
Fair value investments as of September 30,$795.5 792.8 
(1) Included in this caption are Notes receivable, inclusive of accrued interest, which converted to unconsolidated equity investments; these amounts were $8.4 million and $66.9 million for the nine months ended September 30, 2024 and 2023, respectively.
See Note 8, Fair Value Measurements, for additional discussion of our investments reported at fair value.