Noncontrolling Interests

6 Months Ended

Jun. 30, 2020

The two noncontrolling interests in entities that we consolidate include an operating partnership, Realty Income, L.P., and a joint venture acquired during 2019. The following table represents the change in the carrying value of all noncontrolling interests through June 30, 2020 (dollars in thousands):


	Realty Income, L.P. units ⁽¹⁾		Other Noncontrolling Interests		Total
Carrying value at December 31, 2019	$	24,596	$	5,106	$	29,702
Distributions	(647)		(147)		(794)
Allocation of net income	479		83		562
Carrying value at June 30, 2020	$	24,428	$	5,042	$	29,470

⁽¹⁾242,007 units were issued on March 30, 2018, 131,790 units were issued on April 30, 2018, and 89,322 units were issued on March 28, 2019. 463,119 remained outstanding at each of June 30, 2020 and December 31, 2019.

At June 30, 2020 and December 31, 2019, Realty Income, L.P. and the joint venture acquired during 2019 were considered variable interest entities, or VIEs, in which we were deemed the primary beneficiary based on our controlling financial interests. Below is a summary of selected financial data of consolidated VIEs included in the consolidated balance sheets at June 30, 2020 and December 31, 2019 (in thousands):


	June 30, 2020		December 31, 2019
Net real estate	$	640,302	$	654,305
Total assets	731,943		744,394
Total liabilities	51,688		52,087