Note 8 - Redeemable Noncontrolling Interests

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Noncontrolling Interest Disclosure [Text Block]

8. Redeemable Noncontrolling Interests

Redeemable noncontrolling interests includes amounts related to partnership units issued by consolidated subsidiaries of the Company in connection with certain property acquisitions.  Partnership units which are determined to be mandatorily redeemable under the FASB’s Distinguishing Liabilities from Equity guidance are classified as Redeemable noncontrolling interests and presented in the mezzanine section between Total liabilities and Stockholder’s equity on the Company’s Condensed Consolidated Balance Sheets. The amounts of consolidated net income attributable to the Company and to the noncontrolling interests are presented on the Company’s Condensed Consolidated Statements of Income.

The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the three months ended March 31, 2016 and 2015 (amounts in thousands):

	2016			2015
Balance at January 1,	$	86,709		$	91,480
Income		1,078			1,522
Distributions		(1,082	)		(1,475	)
Balance at March 31,	$	86,705		$	91,527