XML 32 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Noncontrolling Interests
6 Months Ended
Jun. 30, 2017
Noncontrolling Interest [Abstract]  
Noncontrolling Interests
Noncontrolling Interests

Noncontrolling Interests in Consolidated Affiliates
 
At June 30, 2017, our noncontrolling interests in consolidated affiliates relate to our joint venture partner's 50.0% interest in office properties in Richmond. 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:
 
 
Six Months Ended
June 30,
 
2017
 
2016
Beginning noncontrolling interests in the Operating Partnership
$
144,802

 
$
126,429

Adjustment of noncontrolling interests in the Operating Partnership to fair value
(287
)
 
15,042

Conversions of Common Units to Common Stock
(305
)
 
(1,558
)
Net income attributable to noncontrolling interests in the Operating Partnership
1,931

 
13,950

Distributions to noncontrolling interests in the Operating Partnership
(2,495
)
 
(2,463
)
Total noncontrolling interests in the Operating Partnership
$
143,646

 
$
151,400


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
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
Net income available for common stockholders
$
37,589

 
$
31,648

 
$
69,263

 
$
464,438

Increase in additional paid in capital from conversions of Common Units
to Common Stock
203

 
1,558

 
305

 
1,558

Change from net income available for common stockholders and transfers from noncontrolling interests
$
37,792

 
$
33,206

 
$
69,568

 
$
465,996