Investments in Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Financial Position of the Joint Venture

A condensed summary of the gross financial position and results of operations of the combined joint ventures is shown below (millions):

	December 31,
	2019		2018
Assets
Real estate properties, at fair value	$	17,455.8	$	16,134.1
Other assets	485.9		460.3
Total assets	$	17,941.7	$	16,594.4
Liabilities & Equity
Mortgage notes payable and other obligations, at fair value	$	5,185.3	$	5,035.3
Other liabilities	256.3		262.5
Total liabilities	5,441.6		5,297.8
Total equity	12,500.1		11,296.6
Total liabilities and equity	$	17,941.7	$	16,594.4

Schedule of Results of Operations of the Joint Venture

	Years ended December 31,
	2019		2018		2017
Operating Revenue and Expenses
Revenues	$	1,126.5	$	950.6	$	869.2
Expenses	604.1		487.1		426.9
Excess of revenues over expenses	$	522.4	$	463.5	$	442.3