Noncontrolling Interests

9 Months Ended

Sep. 30, 2017

Noncontrolling Interest [Abstract]

Noncontrolling Interests

Noncontrolling Interests

Noncontrolling Interests in Consolidated Affiliates

At September 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:

	Nine Months Ended September 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	3,297			13,390
Conversions of Common Units to Common Stock	(408		)	(3,006		)
Net income attributable to noncontrolling interests in the Operating Partnership	3,502			14,876
Distributions to noncontrolling interests in the Operating Partnership	(3,742		)	(3,684		)
Total noncontrolling interests in the Operating Partnership	$	147,451		$	148,005

7. Noncontrolling Interests - Continued

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,
	2017		2016		2017		2016
Net income available for common stockholders	$	57,040	$	31,971	$	126,303	$	496,409
Increase in additional paid in capital from conversions of Common Units to Common Stock	103		1,448		408		3,006
Change from net income available for common stockholders and transfers from noncontrolling interests	$	57,143	$	33,419	$	126,711	$	499,415