Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Summary of Estimated Useful Lives

Depreciation of real estate assets, excluding land, is recognized on a straight-line basis over their estimated useful lives which generally range between:

Buildings:	25 – 40 years
Site improvements:	5 – 15 years
Tenant improvements:	shorter of the estimated useful life or non-cancelable term of lease

Schedule of Gain (Loss) on Sale of Real Estate

The following table summarizes our gain (loss) on sale of real estate, net during the three months ended March 31, 2022 and 2021 (in millions):

	Three Months Ended March 31,
	2022			2021
Dispositions to third parties
Gross proceeds	$	9.0		$	46.9
Gain (loss) on sale of real estate, net		(1.0	)		24.2
Total gains (losses) on dispositions, net	$	(1.0	)	$	24.2