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Investment in and Advances to Affiliate | 9 Months Ended
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Sep. 30, 2021
Investments In And Advances To Affiliates [Abstract] |
Investment in and Advances to Affiliate |
4. | Investment in and Advances to Affiliate
The Company had a preferred investment in Retail Value Inc. (“RVI”) having an aggregate dividend preference of $190.0 million which amount could increase by up to an additional $10 million in the event the aggregate amount of gross proceeds from RVI asset sales exceeds a specified threshold (the “RVI Preferred Shares”). In October 2021, the Company received a distribution of $190.0 million on the RVI Preferred Shares (Note 13). The Company does not expect to receive any additional amount from RVI on account of its preferred investment based on the projected level of sale proceeds from RVI’s remaining assets. Revenue from contracts with RVI is included in Fee and Other Income on the consolidated statements of operations and was composed of the following (in millions):
| Three |  |  | Nine Months |
| Ended September 30, |  |  | Ended September 30, |
| 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Revenue from contracts with RVI: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset and property management fees | $ | 3.6 |  |  | $ | 4.4 |  |  | $ | 11.5 |  |  | $ | 14.1 |
Leasing commissions |  | 0.3 |  |  |  | 0.3 |  |  |  | 1.7 |  |  |  | 2.0 |
Disposition fees |  | 5.5 |  |  |  | 0.8 |  |  |  | 6.1 |  |  |  | 2.6 |
Credit facility guaranty |  | 0.1 |  |  |  | 0.1 |  |  |  | 0.1 |  |  |  | 0.1 |
Total revenue from contracts with RVI | $ | 9.5 |  |  | $ | 5.6 |  |  | $ | 19.4 |  |  | $ | 18.8 |

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- Definition The entire disclosure for the information summarizing the investment in and advances to an affiliate. + References No definition available. + Details
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