Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Non-cash investing and financing activities are summarized as follows (in millions):


	For the Year Ended December 31,
	2013		2012		2011
Mortgages assumed from acquisitions	$	969.7	$	271.6	$	173.0
Elimination of the previously held equity interest in unconsolidated joint ventures acquired		186.5		36.8		0.2
Accounts payable related to construction in progress		21.5		18.2		3.4
Write-off of preferred share original issuance costs		5.2		5.8		6.4
Dividends declared		55.1		44.2		29.1
Equity derivative liability – affiliate		—		—		74.3
Deconsolidation of net assets		—		—		5.0

Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets as follows:


Buildings		Useful lives, 20 to 31.5 years
Building improvements and fixtures		Useful lives, ranging from 5 to 20 years
Tenant improvements		Shorter of economic life or lease terms

Fee and other income from continuing operations was composed of the following (in thousands):


	For the Year Ended December 31,
	2013		2012		2011
Management, development and other fee income	$	40,160	$	43,706	$	47,148
Ancillary and other property income		28,984		27,110		28,017
Lease termination fees		6,316		936		4,396
Other miscellaneous		573		460		972

Total fee and other income	$	76,033	$	72,212	$	80,533