Noncontrolling Interests

3 Months Ended

Mar. 31, 2022

Noncontrolling Interest [Abstract]

Noncontrolling Interests

Noncontrolling Interests

Noncontrolling Interests in Consolidated Affiliates

At March 31, 2022, 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 the Midtown West joint venture. See Note 3. 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 March 31,
	2022		2021
Beginning noncontrolling interests in the Operating Partnership	$	111,689	$	112,499
Adjustment of noncontrolling interests in the Operating Partnership to fair value	3,168		9,266
Net income attributable to noncontrolling interests in the Operating Partnership	965		1,493
Distributions to noncontrolling interests in the Operating Partnership	(1,252)		(1,363)
Total noncontrolling interests in the Operating Partnership	$	114,570	$	121,895

There were no transfers from noncontrolling interests during the three months ended March 31, 2022 and 2021.