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Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2016
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Reclassification out of Accumulated Other Comprehensive Income
The following table sets forth the activity in accumulated other comprehensive income for the three years ended December 31, 2016 (in thousands):
 
Gains or Losses on Derivative Instruments
Balance at January 1, 2014
$
1,132

 
 
Other comprehensive loss before reclassifications
(9,061
)
Reclassification of realized interest on swap agreements
3,776

Net current period other comprehensive loss
(5,285
)
Net current period other comprehensive loss attributable to noncontrolling interests
148

Balance at December 31, 2014
(4,005
)
 
 
Other comprehensive loss before reclassifications
(5,061
)
Reclassification of realized interest on swap agreements
5,524

Net current period other comprehensive income
463

Net current period other comprehensive income attributable to noncontrolling interests
(921
)
Balance at December 31, 2015
(4,463
)
 
 
Other comprehensive loss before reclassifications
(646
)
Reclassification of realized interest on swap agreements
4,576

Net current period other comprehensive income
3,930

Net current period other comprehensive income attributable to noncontrolling interests
(265
)
Balance at December 31, 2016
$
(798
)
Change in Noncontrolling Interests
The following table summarizes the change in the noncontrolling interests for the periods presented (in thousands):
 
Noncontrolling Interests in Operating Partnership (a)
 
Noncontrolling Interests in Partially-Owned Affiliates (b)
 
Total
 
 
 
 
 
 
Balance at December 31, 2013
$
48,948

 
$
368,404

 
$
417,352

Distributions declared of $1.23 per Common OP Unit
(5,085
)
 
—

 
(5,085
)
Net income for the period January 1 through December 31, 2014
3,204

 
77,878

 
81,082

Conversion of 136,128 Common OP Units to Common Shares
by limited partners of the Operating Partnership
(3,181
)
 
—

 
(3,181
)
Issuance of Common OP Units to acquire real estate
44,051

 
—

 
44,051

Other comprehensive income - unrealized loss
on valuation of swap agreements
(345
)
 
(902
)
 
(1,247
)
Reclassification of realized interest expense on swap agreements
115

 
984

 
1,099

Noncontrolling interest contributions
—

 
57,969

 
57,969

Noncontrolling interest distributions and other reductions
—

 
(218,152
)
 
(218,152
)
Employee Long-term Incentive Plan Unit Awards
6,528

 
—

 
6,528

Balance at December 31, 2014
94,235

 
286,181

 
380,416

Distributions declared of $1.22 per Common OP Unit
(5,983
)
 
—

 
(5,983
)
Net income for the period January 1 through December 31, 2015
3,836

 
80,426

 
84,262

Conversion of 100,620 Common OP Units to Common Shares
by limited partners of the Operating Partnership
(2,451
)
 
—

 
(2,451
)
Acquisition of noncontrolling interests
—

 
(3,561
)
 
(3,561
)
Other comprehensive income - unrealized loss
on valuation of swap agreements
(117
)
 
(897
)
 
(1,014
)
Reclassification of realized interest expense on swap agreements
97

 
1,838

 
1,935

Noncontrolling interest contributions
—

 
35,489

 
35,489

Noncontrolling interest distributions and other reductions
—

 
(74,950
)
 
(74,950
)
Employee Long-term Incentive Plan Unit Awards
6,723

 
—

 
6,723

Balance at December 31, 2015
96,340

 
324,526

 
420,866

Distributions declared of $1.16 per Common OP Unit
(6,753
)
 
—

 
(6,753
)
Net income for the period January 1 through December 31, 2016
5,002

 
56,814

 
61,816

Conversion of 351,250 Common OP Units to Common Shares
by limited partners of the Operating Partnership
(7,892
)
 
—

 
(7,892
)
Change in control of previously consolidated investment (Note 4)
(75,713
)
 
—

 
(75,713
)
Acquisition of noncontrolling interests (c)
—

 
(25,925
)
 
(25,925
)
Issuance of Common and Preferred OP Units to acquire real estate
31,429

 
—

 
31,429

Other comprehensive income - unrealized loss
on valuation of swap agreements
(43
)
 
(288
)
 
(331
)
Reclassification of realized interest expense on swap agreements
223

 
373

 
596

Noncontrolling interest contributions
—

 
295,108

 
295,108

Noncontrolling interest distributions and other reductions
—

 
(80,769
)
 
(80,769
)
Employee Long-term Incentive Plan Unit Awards
12,768

 
—

 
12,768

Rebalancing adjustment (Note 1)
(35,652
)
 
—

 
(35,652
)
Balance at December 31, 2016
$
19,709

 
$
569,839

 
$
589,548





__________

(a)
Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 3,365,668 and 2,931,198 Common OP Units at December 31, 2016 and 2015, respectively; (ii) 188 Series A Preferred OP Units at December 31, 2016 and 2015; (iii) 141,593 Series C Preferred OP Units at December 31, 2016; and (iv) 1,996,388 and 1,922,623 LTIP units as of December 31, 2016 and 2015, respectively, as discussed in Share Incentive Plan (Note 13). Distributions declared for Preferred OP Units are reflected in net income in the table above.
(b)
Noncontrolling interests in partially-owned affiliates comprise third-party interests in Fund I, II, III, IV and V, and Mervyns I and II, and six other subsidiaries.
(c)
During 2016, the Company acquired an additional 8.3% interest in Fund II from a limited partner for $18.4 million, giving the Company an aggregate 28.33% interest. Amount in the table above represents the book value of this transaction.