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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Non-cash Investing and Financing Activities

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

 

 

For the Year Ended December 31,

 

 

2019

 

 

2018

 

 

2017

 

Accounts payable related to construction in progress

$

11.0

 

 

$

9.3

 

 

$

13.4

 

Mortgage assumed, shopping center acquisition

 

9.1

 

 

 

—

 

 

 

—

 

Contribution of net assets to RVI

 

—

 

 

 

663.4

 

 

 

—

 

Write-off of preferred share original issuance costs (Note 12)

 

7.2

 

 

 

—

 

 

 

—

 

Dividends declared, but not paid

 

44.0

 

 

 

45.3

 

 

 

78.5

 

Assumption of buildings due to ground lease terminations

 

—

 

 

 

2.2

 

 

 

8.6

 

Land acquired by minority interest partner

 

—

 

 

 

2.3

 

 

 

—

 

Conversion of Operating Partnership Units

 

—

 

 

 

0.9

 

 

 

—

 

Receivable and reduction of real estate assets, net – related to

   hurricane

 

—

 

 

 

—

 

 

 

65.9

 
Estimated Useful Lives of Assets Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets as follows:

 

Buildings

Useful lives, ranging from 31.5 to 40 years

Building improvements and fixtures

Useful lives, ranging from 5 to 20 years

Tenant improvements

Shorter of economic life or lease terms