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Investments in and Advances to Unconsolidated Affiliates
3 Months Ended
Mar. 31, 2020
Equity Method Investments And Joint Ventures [Abstract]  
Investments in and Advances to Unconsolidated Affiliates

NOTE 3 — INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES

 

Investments in and advances to unconsolidated affiliates consisted of the following:  

 

 

March 31,

 

 

December 31,

 

 

2020

 

 

2019

 

 

(In thousands)

 

CityCenter Holdings, LLC – CityCenter (50%)

$

567,026

 

 

$

568,879

 

MGP BREIT Venture (50.1% owned by the Operating Partnership)

 

803,183

 

 

 

 

Other

 

225,961

 

 

 

253,487

 

 

$

1,596,170

 

 

$

822,366

 

 

The Company recorded its share of income from unconsolidated affiliates, including adjustments for basis differences, as follows:  

 

 

Three Months Ended

 

 

March 31,

 

 

2020

 

 

2019

 

 

(In thousands)

 

Income from unconsolidated affiliates

$

35,748

 

 

$

38,749

 

Non-operating items from unconsolidated affiliates

 

(32,621

)

 

 

(18,165

)

 

$

3,127

 

 

$

20,584

 

 

The following table summarizes information related to the Company’s share of income from unconsolidated affiliates:

 

 

Three Months Ended

 

 

March 31,

 

 

2020

 

 

2019

 

 

(In thousands)

 

CityCenter

$

20,666

 

 

$

34,849

 

MGP BREIT Venture

 

19,950

 

 

 

 

Other

 

(4,868

)

 

 

3,900

 

 

$

35,748

 

 

$

38,749

 

 

CityCenter distributions. In April 2020, CityCenter paid a $101 million dividend, of which the Company received its 50% share, or approximately $51 million. In March 2019, CityCenter paid a $64 million dividend, of which the Company received its 50% share, or approximately $32 million.

 

MGP BREIT Venture distributions. For the quarter ended March 31, 2020, the Operating Partnership received $12 million in distributions from MGP BREIT Venture.