Non-controlling Interests (Tables)

3 Months Ended

Mar. 31, 2018

The table below details the historical cost and redemption values for the non-controlling interests:

	March 31, 2018		December 31, 2017
Common OP units outstanding (millions)		8.2		8.2
Market price per Host Inc. common share	$	18.64	$	19.85
Shares issuable upon conversion of one common OP unit		1.021494		1.021494
Redemption value (millions)	$	156	$	167
Historical cost (millions)		81		80
Book value (millions) ⁽¹⁾		156		167
___________

(1)

The book value recorded is equal to the greater of redemption value or historical cost.