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Investments In Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2012
Investments In Joint Ventures [Abstract]  
Aggregate Balance Sheet And Statement Of Income Data For Unconsolidated Joint Ventures
The following table summarizes aggregate balance sheet and statement of income data for the unconsolidated joint ventures as of and for the periods presented:
 
(in millions)
September 30, 2012
(1)
 
December 31, 2011
Total assets
$
1,068.1

 
 
$
1,394.9

Total third-party debt
844.7

 
 
1,093.9

Total equity
188.7

 
 
261.6

 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2012
 
2011
 
2012
 
2011
Total revenues (2)
$
37.5

 
$
40.4

 
$
111.6

 
$
99.1

Net income (loss)
15.3

 
(7.4
)
 
13.5

 
(13.8
)
Equity in income (loss) (3)
3.7

 
(0.6
)
 
4.7

 
(0.2
)
 
(1)
In January 2012, as a result of our purchase of the remaining 80% ownership interest in previously unconsolidated joint ventures, we consolidated twelve joint ventures previously accounted for in accordance with the equity method. Refer to Note 6, "Property Acquisitions, Discontinued Operations, and Assets Held for Sale," for further discussion of the acquisition.
(2)
Excludes approximately $2.2 million and $7.5 million of revenues for the three and nine months ended September 30, 2012, and $5.7 million and $16.4 million for the three and nine months ended September 30, 2011, respectively, related to discontinued operations within one of our unconsolidated joint ventures resulting from the sale of four operating properties in the fourth quarter of 2011 and one operating property in the fourth quarter of 2012. Discontinued operations also relates to the sale of one operating property in another unconsolidated joint venture during the third quarter of 2012.
(3)
Equity in income (loss) excludes our ownership interest of fee income from various property management services provided by us to our joint ventures.

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