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Investments In Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2012
Investments In Joint Ventures [Abstract]  
Aggregate Balance Sheet And Statement Of Income Data For Unconsolidated Joint Ventures
The following table summarizes aggregate balance sheet and statement of income data for the unconsolidated joint ventures as of and for the periods presented (in millions):
 
 
2012 (1)
 
2011
Total assets
$
917.8

 
$
1,394.9

Total third party debt
712.7

 
1,093.9

Total equity
165.2

 
261.6

 
 
2012
 
2011
 
2010
Total revenues (2)
$
131.9

 
$
126.6

 
$
102.9

Gain on sale of operating properties, net of tax
49.7

 
17.4

 

Net income (loss)
50.5

 
(3.2
)
 
(19.1
)
Equity in income (loss) (3)
20.2

 
5.7

 
(0.8
)
 
(1)
In January 2012, as a result of our purchase of the remaining 80% ownership interest in previously unconsolidated joint ventures, we consolidated twelve joint ventures previously accounted for in accordance with the equity method. In December 2012, as a result of our purchase of the remaining 50% ownership interest in a previously unconsolidated joint venture, we consolidated one joint venture previously accounted for in accordance with the equity method. Refer to Note 7, "Property Acquisitions, Discontinued Operations, and Assets Held for Sale," for further discussion of these acquisitions.
(2)
Excludes approximately $23.3 million, $37.7 million, and $34.8 million of revenues for the years ended December 31, 2012, 2011, and 2010, respectively, related to discontinued operations within one of our unconsolidated joint ventures resulting from the sale of four operating properties in the fourth quarter of 2011 and the sale of five operating properties by this joint venture in the fourth quarter of 2012. Discontinued operations also relates to the sale of two operating properties in another unconsolidated joint venture during the third and fourth quarters of 2012.
(3)
Equity in income (loss) excludes our ownership interest of fee income from various property management services and interest income from mezzanine loans with our joint ventures.
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