Company: JLL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001037976-25-000025
Chunk: 18

Company: JONES LANG LASALLE INC
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 18
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)MSRsOther IntangiblesConsolidatedGross Carrying Amount Balance as of December 31, 2023$801.8 546.2 $1,348.0 Additions, net of adjustments21.9 — 21.9 Adjustment for fully amortized intangibles(5.3)(9.2)(14.5)Impact of exchange rate movements— (2.2)(2.2)Balance as of March 31, 2024$818.4 534.8 $1,353.2 Accumulated Amortization Balance as of December 31, 2023$(309.8)(253.2)$(563.0)Amortization expense, net(1)(26.5)(16.2)(42.7)Adjustment for fully amortized intangibles5.3 9.2 14.5 Impact of exchange rate movements— 0.6 0.6 Balance as of March 31, 2024$(331.0)(259.6)$(590.6)Net book value as of March 31, 2024$487.4 275.2 $762.6 (1) Included in this amount for MSRs was $1.6 million relating to write-offs due to prepayments of sold warehouse receivables for which we retained the servicing rights. Amortization of MSRs is included in Revenue within the Consolidated Statements of Comprehensive Income.

6.INVESTMENTS

Summarized investment balances as of March 31, 2025 and December 31, 2024 are presented in the following table.(in millions)March 31, 2025December 31, 2024Investment Management co-investments$514.5 406.1 Software and Technology Solutions investments352.9 372.8 Other investments35.0 33.8 Total$902.4 812.7 Our Investment Management co-investments are primarily direct investments in 50 separate property or commingled funds, where we co-invest alongside our clients and for which we also have an advisory agreement, while our Software and Technology Solutions investments are generally investments in early to mid-stage proptech companies as well as proptech funds.We have maximum potential unfunded commitments to direct investments or investment vehicles of $192.2 million and $8.8 million as of March