Partners' Capital of the Operating Partnership

9 Months Ended

Sep. 30, 2018

Partners’ Capital of the Operating Partnership

At-The-Market Stock Offering Program

During the nine months ended September 30, 2018, the Company utilized its at-the-market stock offering programs to issue shares of common stock (see Note 6 “Stockholders’ Equity of the Company” for additional information). The net offering proceeds were contributed by the Company to the Operating Partnership in exchange for common units for the nine months ended September 30, 2018 as follows:



	Nine Months Ended September 30, 2018
	(in millions, except share data)
Shares of common stock contributed by the Company	1,817,195
Common units exchanged for share of common stock by the Company	1,817,195
Aggregate gross proceeds	$	133.8
Aggregate net proceeds after selling commissions	$	132.1

Common Units Outstanding

The following table sets forth the number of common units held by the Company and the number of common units held by non-affiliated investors and certain of our executive officers and directors in the form of noncontrolling common units as well as the ownership interest held on each respective date:



	September 30, 2018		December 31, 2017		September 30, 2017
Company owned common units in the Operating Partnership	100,746,988		98,620,333		98,382,256
Company owned general partnership interest	98.0	%	97.9	%	97.9	%
Noncontrolling common units of the Operating Partnership	2,025,287		2,077,193		2,077,193
Ownership interest of noncontrolling interest	2.0	%	2.1	%	2.1	%

For further discussion of the noncontrolling common units as of September 30, 2018 and December 31, 2017, refer to Note 7.