Investments in Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2021

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,
	2021		2020
Assets
Real estate properties, at fair value	$	16,681.2	$	15,494.7
Other assets	684.9		696.0
Total assets	$	17,366.1	$	16,190.7
Liabilities & Equity
Mortgage notes payable and other obligations, at fair value	$	5,187.3	$	4,959.6
Other liabilities	240.7		250.0
Total liabilities	5,428.0		5,209.6
Total equity	11,938.1		10,981.1
Total liabilities and equity	$	17,366.1	$	16,190.7

Schedule of Results of Operations of the Joint Venture

	Years ended December 31,
	2021		2020		2019
Operating Revenue and Expenses
Revenues	$	1,040.5	$	1,021.6	$	1,126.5
Expenses	577.7		571.9		604.1
Excess of revenues over expenses	$	462.8	$	449.7	$	522.4