v3.26.1
Investments (Tables)
6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Investment balances
Summarized investment balances as of June 30, 2026 and December 31, 2025 are presented in the following table.
(in millions)June 30, 2026December 31, 2025
Investment Management co-investments$490.3 505.8 
Proptech Investments350.0 353.0 
Other investments33.3 34.1 
Total$873.6 892.9 
Investments in real estate ventures, Fair Value The table below shows the movement in our investments reported at fair value.
The table below does not include our $17.4 million investment in certain mid-stage non-public companies as they are non-marketable equity investments accounted for under the measurement alternative, defined as cost minus impairment, plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.
(in millions)20262025
Fair value investments as of January 1,$844.0 742.0 
Investments20.5 135.4 
Distributions(43.5)(34.2)
Change in fair value, net5.8 (54.3)
Foreign currency translation adjustments, net(5.4)20.2 
Transfers in 24.6 
Fair value investments as of June 30,$821.4 833.7