Noncontrolling Interests

9 Months Ended

Sep. 30, 2019

Noncontrolling Interests in Consolidated Affiliates

At September 30, 2019, our noncontrolling interests in consolidated affiliates relate to our joint venture partners' 50.0% interest in office properties in Richmond and 20.0% interest in an office development property in Tampa. Our joint venture partners are unrelated third parties.

Noncontrolling Interests in the Operating Partnership

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



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Beginning noncontrolling interests in the Operating Partnership	$	112,778		$	142,323		$	105,960		$	144,009
Adjustment of noncontrolling interests in the Operating Partnership to fair value	10,493			(9,335		)	19,025			(9,607		)
Conversions of Common Units to Common Stock	(219		)	(147		)	(572		)	(1,231		)
Net income attributable to noncontrolling interests in the Operating Partnership	737			902			1,974			3,171
Distributions to noncontrolling interests in the Operating Partnership	(1,296		)	(1,296		)	(3,894		)	(3,895		)
Total noncontrolling interests in the Operating Partnership	$	122,493		$	132,447		$	122,493		$	132,447

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,
	2019		2018		2019		2018
Net income available for common stockholders	$	27,901	$	33,160	$	74,578	$	116,295
Increase in additional paid in capital from conversions of Common Units to Common Stock	219		147		572		1,231
Change from net income available for common stockholders and transfers from noncontrolling interests	$	28,120	$	33,307	$	75,150	$	117,526