Noncontrolling Interests

3 Months Ended

Mar. 31, 2018

Noncontrolling Interests in Consolidated Affiliates

At March 31, 2018, 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:



	Three Months Ended March 31,
	2018			2017
Beginning noncontrolling interests in the Operating Partnership	$	144,009		$	144,802
Adjustment of noncontrolling interests in the Operating Partnership to fair value	(19,582		)	(4,972		)
Conversions of Common Units to Common Stock	(902		)	(102		)
Net income attributable to noncontrolling interests in the Operating Partnership	888			888
Distributions to noncontrolling interests in the Operating Partnership	(1,300		)	(1,249		)
Total noncontrolling interests in the Operating Partnership	$	123,113		$	139,367

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 March 31,
	2018		2017
Net income available for common stockholders	$	32,449	$	31,674
Increase in additional paid in capital from conversions of Common Units to Common Stock	902		102
Change from net income available for common stockholders and transfers from noncontrolling interests	$	33,351	$	31,776