Investments In Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2014

Investments In Joint Ventures [Abstract]

Aggregate Balance Sheet And Statement Of Income Data For Unconsolidated Joint Ventures

The following table summarizes the combined balance sheet and statement of income data for the unconsolidated joint ventures as of and for the periods presented:



(in millions)	June 30, 2014		December 31, 2013
Total assets	$	744.3	$	790.2
Total third-party debt	519.9		530.7
Total equity	201.3		229.6



	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2014		2013		2014		2013
Total revenues (1)	$	25.9	$	22.9	$	51.0	$	45.3
Gain on sale of operating properties, net of tax	—		95.4		18.5		95.4
Net income	1.6		98.0		21.7		100.0
Equity in income (2)	0.7		17.8		5.0		18.7

(1)

Excludes approximately $1.8 million for the three months ended June 30, 2013, and approximately $1.1 million and $3.6 million for the six months ended June 30, 2014 and 2013, respectively, related to the sale of two operating properties by the funds during the first quarter of 2014. Additionally, excludes approximately $5.8 million and $14.2 million for the three and six months ended June 30, 2013, related to the sale of 16 operating properties within two of our unconsolidated joint ventures in May and December 2013.


(2)	Equity in income excludes our ownership interest of fee income from various services provided by us to the funds.