Investments in Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

Aggregate Balance Sheet And Statement Of Income Data For Unconsolidated Joint Ventures

The following table summarizes the combined balance sheets and statements of income data for the Funds as of and for the periods presented:

 

(in millions)	June 30, 2020		December 31, 2019
Total assets	$	688.6	$	685.0
Total third-party debt	501.6		496.9
Total equity	157.7		153.4

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2020		2019		2020		2019
Total revenues (1)	$	30.7	$	32.8	$	63.0	$	65.2
Net income	2.9		3.9		7.4		7.8
Equity in income (2)(3)	1.6		1.9		3.8		3.8

 

(1) Total revenues for the three and six months ended June 30, 2020 includes approximately $1.3 million of Resident Relief Funds payments which was recorded as a reduction to property revenues.

(2) Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.

(3) Equity in income for the three and six months ended June 30, 2020 includes our ownership interest of the Resident Relief Funds payments of approximately $0.4 million.