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Equity and Capital
 3 Months Ended
Mar. 31, 2015
Equity and Capital [Abstract]  
Equity and Capital
Equity and Capital

Common Stock of the Parent Company

Issuances:

The current ATM equity offering program authorizes the Parent Company to sell up to $200 million of common stock at prices determined by the market at the time of sale. As of March 31, 2015, $95.0 million of common stock remained available for issuance under this ATM equity program.

There were no shares issued under the ATM equity programs for the three months ended March 31, 2014. The following shares were issued under the ATM equity programs during the three months ended March 31, 2015 (dollar amounts are in thousands, except price per share data):
 
Three months ended March 31,
 
2015
Shares issued
18,125

Weighted average price per share
$
64.72

Total proceeds
$
1,173

Commissions
$
15

Issuance costs
$
—





In January 2015, the Parent Company entered into a forward sale and an underwritten public offering of 2.875 million shares of its common stock at a price of $67.40 per share which will result in gross proceeds of approximately $193.8 million, before any underwriting discount and offering expenses. The forward sale will settle on one or more dates occurring no later than approximately 12 months after the date of the offering. The Company intends to use any net proceeds that it receives upon settlement of the forward sale agreement to fund development and redevelopment activities, fund potential acquisition opportunities, repay maturing debts, and/or for general corporate purposes.


Common Units of the Operating Partnership

Issuances:
Common units were issued to the Parent Company in relation to the Parent Company's issuance of common stock, as discussed above.

Accumulated Other Comprehensive Loss

The following tables present changes in the balances of each component of AOCI (in thousands):

 
Controlling Interest
 
Noncontrolling Interest
 
Total
 
Cash Flow Hedges
 
Cash Flow Hedges
 
AOCI
Balance as of December 31, 2013
$
(17,404
)
 
(479
)
 
(17,883
)
Other comprehensive income before reclassifications
(13,670
)
 
(130
)
 
(13,800
)
Amounts reclassified from accumulated other comprehensive income
2,475

 
44

 
2,519

Current period other comprehensive income, net
(11,195
)
 
(86
)
 
(11,281
)
Balance as of March 31, 2014
$
(28,599
)
 
(565
)
 
(29,164
)
 
 
 
 
 
 
Balance as of December 31, 2014
$
(57,748
)
 
(750
)
 
(58,498
)
Other comprehensive income before reclassifications
(13,739
)
 
(143
)
 
(13,882
)
Amounts reclassified from accumulated other comprehensive income
2,210

 
39

 
2,249

Current period other comprehensive income, net
(11,529
)
 
(104
)
 
(11,633
)
Balance as of March 31, 2015
$
(69,277
)
 
(854
)
 
(70,131
)

The following represents amounts reclassified out of AOCI into income (in thousands):
AOCI Component
Amount Reclassified from AOCI into income
Affected Line Item Where Net Income is Presented
 
Three months ended March 31,
 
 
2015
 
2014
 
Interest rate swaps
$
2,249

 
2,519

Interest expense