Noncontrolling Interests

9 Months Ended

Sep. 30, 2014

Noncontrolling Interests in Consolidated Affiliates

At September 30, 2014, our noncontrolling interests in consolidated affiliates relates to our joint venture partner's 50.0% interest in office properties in Richmond, VA. Our joint venture partner is an unrelated third party.

Noncontrolling Interests in the Operating Partnership

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



	Nine Months Ended September 30,
	2014			2013
Beginning noncontrolling interests in the Operating Partnership	$	106,480		$	124,869
Adjustment of noncontrolling interests in the Operating Partnership to fair value	8,955			8,570
Conversions of Common Units to Common Stock	(162		)	(28,788		)
Redemptions of Common Units	(93		)	—
Net income attributable to noncontrolling interests in the Operating Partnership	2,813			3,713
Distributions to noncontrolling interests in the Operating Partnership	(3,745		)	(4,416		)
Total noncontrolling interests in the Operating Partnership	$	114,248		$	103,948

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



	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Net income available for common stockholders	$	51,708	$	53,349	$	86,541	$	93,220
Increase in additional paid in capital from conversions of Common Units to Common Stock	—		25,937		162		28,788
Change from net income available for common stockholders and transfers from noncontrolling interests	$	51,708	$	79,286	$	86,703	$	122,008

- 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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