Noncontrolling Interests

6 Months Ended

Jun. 30, 2011

7. Noncontrolling Interests

Noncontrolling Interests in the Operating Partnership

Noncontrolling interests in the Operating Partnership relate to the ownership of Common Units by various individuals and entities other than the Company. The following table sets forth noncontrolling interests in the Operating Partnership:

	Six Months Ended June 30,
	2011			2010
Beginning noncontrolling interests in the Operating Partnership	$	120,838		$	129,769
Adjustments of noncontrolling interests in the Operating Partnership to fair value		6,957			(20,612	)
Conversion of Common Units to Common Stock		(635	)		(2,958	)
Net income attributable to noncontrolling interests in the Operating Partnership		1,130			2,453
Distributions to noncontrolling interests in the Operating Partnership		(3,215	)		(3,243	)
Total noncontrolling interests in the Operating Partnership	$	125,075		$	105,409

The following table sets forth net income available for common stockholders and transfers from noncontrolling interests in the Operating Partnership:

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Net income available for common stockholders	$	10,112	$	36,224	$	20,248	$	45,895
Increase in additional paid in capital from conversion of Common Units to Common Stock		449		33		635		2,957
Change in equity from net income available for common stockholders and conversion of Common Units to Common Stock	$	10,561	$	36,257	$	20,883	$	48,852

Noncontrolling Interests in Consolidated Affiliates

At June 30, 2011, noncontrolling interests in consolidated affiliates relates to our joint venture partner’s 50.0% interest in office properties located in Richmond, VA. Our joint venture partner is an unrelated third party.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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