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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Non-cash Investing and Financing Activities

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

	For the Year Ended December 31,
	2022				2021				2020
Consolidation of the net assets (excluding mortgages as disclosed    below) of previously unconsolidated joint ventures	$	42.8			$	132.3			$	272.6
Acquisition of non-controlling interest		—				2.1				—
Investment in joint ventures related to net assets acquired		8.5				11.6				86.4
Mortgages assumed, of previously unconsolidated joint ventures		—				73.9				196.6
Mortgages assumed, shopping center acquisitions		—				17.9				—
Accounts payable related to construction in progress		12.2				13.4				6.3
Dividends declared, but not paid		30.4				28.2				14.8
Tax receivable – investment sale proceeds		—				2.1				—
Assumption of buildings due to ground lease terminations		2.9				—				3.0
Write-off of preferred share original issuance costs		—				5.1				—

Estimated Useful Lives of Assets

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

Buildings	Useful lives, ranging from 31.5 to 40 years
Building improvements and fixtures	Useful lives, ranging from 3 to 20 years
Tenant improvements	Shorter of economic life or lease terms

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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Tabular disclosure of supplemental cash flow information for the periods presented.

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