Investments in Real Estate Ventures (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Method Investments [Table Text Block]

The following table summarizes the above discussion relative to LIC II:

($ in millions)	March 31, 2016
Our effective ownership interest in co-investment vehicle	48.78		%
Our maximum potential unfunded commitments in LIC II	$	76.6
Our share of unfunded capital commitments to underlying funds	47.1
Our share of exposure on outstanding borrowings	0.7
Our maximum exposure, assuming facility is fully drawn	9.8

Investments in real estate ventures

The table below shows the movement in our investments in real estate ventures reported at fair value.

(in millions)	2016			2015
Fair value investments as of January 1,	$	155.2		113.6
Investments	50.9			13.8
Distributions	(16.2		)	(1.2	)
Net fair value gain	10.3			7.1
Foreign currency translation adjustments, net	2.1			(2.6	)
Fair value investments as of March 31,	$	202.3		130.7

Consolidated Variable Interest Entities [Member]

Schedule of Equity Method Investments [Line Items]

Balance Sheet Amounts Consolidated for Variable Interest Entity [Table Text Block]

Summarized financial information for our consolidated VIEs is presented in the following tables.

(in millions)	March 31, 2016		December 31, 2015
Property and equipment, net	$	32.6	32.6
Investment in real estate venture	6.8		6.6
Other assets	47.0		4.9
Total assets	$	86.4	44.1
Mortgage indebtedness	$	26.0	25.8
Other liabilities	0.6		—
Total liabilities	26.6		25.8
Members' equity	59.8		18.3
Total liabilities and members' equity	$	86.4	44.1

Comprehensive Income Amounts Consolidated for Variable Interest Entity [Table Text Block]

	Three Months Ended March 31,
(in millions)	2016			2015
Revenue	$	1.9		1.1
Gain on sale of investment	—			1.3
Operating and other expenses	(1.9		)	(0.9	)
Net income	$	—		1.5