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Noncontrolling Interests
3 Months Ended
Mar. 31, 2012
Noncontrolling Interests [Line Items]  
Noncontrolling Interests
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. Net income attributable to noncontrolling interests in the Operating Partnership is computed by applying the weighted average percentage of Common Units not owned by the Company during the period, as a percent of the total number of outstanding Common Units, to the Operating Partnership’s net income for the period after deducting distributions on Preferred Units. When a noncontrolling unitholder redeems a Common Unit for a share of Common Stock or cash, the noncontrolling interests in the Operating Partnership are reduced and the Company’s share in the Operating Partnership is increased by the fair value of each security at the time of redemption.

The following table sets forth noncontrolling interests in the Operating Partnership:

 
Three Months Ended March 31,
 
2012
 
2011
Beginning noncontrolling interests in the Operating Partnership
$
110,655

 
$
120,838

Adjustments of noncontrolling interests in the Operating Partnership to fair value
14,366

 
13,081

Conversion of Common Units to Common Stock
(63
)
 
(186
)
Net income attributable to noncontrolling interests in the Operating Partnership
827

 
507

Distributions to noncontrolling interests in the Operating Partnership
(1,584
)
 
(1,610
)
Total noncontrolling interests in the Operating Partnership
$
124,201

 
$
132,630



8.
Noncontrolling Interests - Continued

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

 
Three Months Ended March 31,
 
2012
 
2011
Net income available for common stockholders
$
16,694

 
$
10,136

Increase in additional paid in capital from conversion of Common Units to Common Stock
63

 
186

Change from net income available for common stockholders and transfers from noncontrolling interests
$
16,757

 
$
10,322


Noncontrolling Interests in Consolidated Affiliates

At March 31, 2012, 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.

Highwoods Realty Limited Partnership [Member]
 
Noncontrolling Interests [Line Items]  
Noncontrolling Interests
Noncontrolling Interests

Noncontrolling Interests in Consolidated Affiliates

At March 31, 2012, 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.