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Noncontrolling Interests
3 Months Ended
Mar. 31, 2013
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,
 
2013
 
2012
Beginning noncontrolling interests in the Operating Partnership
$
124,869

 
$
110,655

Adjustment of noncontrolling interests in the Operating Partnership to fair value
23,802

 
14,366

Conversions of Common Units to Common Stock
(351
)
 
(63
)
Net income attributable to noncontrolling interests in the Operating Partnership
581

 
827

Distributions to noncontrolling interests in the Operating Partnership
(1,584
)
 
(1,584
)
Total noncontrolling interests in the Operating Partnership
$
147,317

 
$
124,201

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,
 
2013
 
2012
Net income available for common stockholders
$
12,349

 
$
16,694

Increase in additional paid in capital from conversions of Common Units to Common Stock
351

 
63

Change from net income available for common stockholders and transfers from noncontrolling interests
$
12,700

 
$
16,757


8.
Noncontrolling Interests - Continued

Noncontrolling Interests in Consolidated Affiliates
 
At March 31, 2013, 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, 2013, 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.