Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

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

	For the Year Ended December 31,
	2014		2013		2012
Mortgages assumed from acquisitions	$	293.3	$	969.7	$	271.6
Issuance of Operating Partnership Units ("OP Units") in connection with acquisitions (Note 10)		18.3		—		—
Preferred equity interest and mezzanine loan applied to purchase price of acquired properties		51.8		160.1		—
Elimination of the previously held equity interest in unconsolidated joint ventures acquired		2.5		26.4		36.8
Reclassification adjustment of foreign currency translation (Note 11)		21.8		—		—
Accounts payable related to construction in progress		25.7		21.5		18.2
Dividends declared		61.5		55.1		44.2
Write-off of preferred share original issuance costs (Note 10)		1.9		5.2		5.8

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

The Company’s intangibles are as follows (in millions):

	December 31,
	2014			2013
Assets: Above-market leases, net	$	38.6		$	41.5
Liabilities: Below-market leases, net		(139.3	)		(123.9	)

Estimated net future amortization income associated with the Company’s above- and below-market leases is as follows:

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

	For the Year Ended December 31,
	2014		2013		2012
Management and other fee income	$	31,907	$	40,160	$	43,706
Ancillary and other property income		24,288		28,108		26,179
Lease termination fees		4,085		5,699		919
Other		621		548		432
Total fee and other income	$	60,901	$	74,515	$	71,236