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Investments (Tables)
 9 Months Ended
Sep. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Investment balances
Summarized investment balances as of September 30, 2025 and December 31, 2024 are presented in the following table.
(in millions)September 30, 2025December 31, 2024
Investment Management co-investments$502.4 406.1 
Proptech Investments357.2 372.8 
Other investments35.5 33.8 
Total$895.1 812.7 
Investments in real estate ventures, Fair Value The table below shows the movement in our investments reported at fair value.
The table below does not include our $13.0 million investment in certain mid-stage non-public companies as they are non-marketable equity investments accounted for under the measurement alternative, defined as cost minus impairment, plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.
(in millions)20252024
Fair value investments as of January 1,$742.0 740.8 
Investments146.9 72.2 
Distributions(56.9)(17.3)
Change in fair value, net(28.2)(10.7)
Foreign currency translation adjustments, net16.3 2.1 
Transfers in24.6 8.4 
Fair value investments as of September 30,$844.7 795.5