Company: JLL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001037976-25-000045
Chunk: 68

Company: JONES LANG LASALLE INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 68
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 $2.3 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.(in millions)MSRsOther IntangiblesConsolidatedGross Carrying Amount Balance as of December 31, 2023$801.8 546.2 $1,348.0 Additions, net of adjustments34.2 14.9 49.1 Adjustment for fully amortized intangibles(15.5)(9.3)(24.8)Impact of exchange rate movements— (2.5)(2.5)Balance as of June 30, 2024$820.5 549.3 $1,369.8 Accumulated Amortization Balance as of December 31, 2023$(309.8)(253.2)$(563.0)Amortization expense, net(1)(55.4)(32.9)(88.3)Adjustment for fully amortized intangibles15.5 9.3 24.8 Impact of exchange rate movements— 0.6 0.6 Balance as of June 30, 2024$(349.7)(276.2)$(625.9)Net book value as of June 30, 2024$470.8 273.1 $743.9 (1) Included in this amount for MSRs was $4.2 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.

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6.INVESTMENTS

Summarized investment balances as of June 30, 2025 and December 31, 2024 are presented in the following table.(in millions)June 30, 2025December 31, 2024Investment Management co-investments$508.7 406.1 Software and Technology Solutions investments334.7 372.8 Other investments35.4 33.8 Total$878.8 812.7 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