Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

General terms and operating partnership's equity interests

The following table summarizes the general terms and Operating Partnership’s equity interests in the Funds and Mervyns I and II (dollars in millions):

Entity	Formation Date	Operating Partnership Share of Capital	Fund Size		Capital Called as of March 31, 2017		Unfunded Commitment		Equity Interest Held By Operating Partnership (b)	Preferred Return	Total Distributions as of March 31, 2017 (c)
Fund I and Mervyns I (a)	9/2001	22.22%	$	90.0	$	86.6	$	—	37.78%	9%	$	194.5
Fund II and    Mervyns II	6/2004	28.33%	300.0		347.1		—		28.33%	8%	131.6
Fund III	5/2007	24.54%	502.5		396.7		53.3		39.63%	6%	551.0
Fund IV	5/2012	23.12%	540.6		390.7		139.3		23.12%	6%	101.9
Fund V	8/2016	20.10%	520.0		—		520.0		20.10%	6%	—

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(a) As of December 31, 2015, Fund I had been liquidated.

(b) Amount represents the current economic ownership at March 31, 2017, which could differ from the stated legal ownership based upon the cumulative preferred returns of the respective fund.

(c) Represents the total for the Funds, including the Operating Partnership and noncontrolling interests’ shares.