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Noncontrolling Interests | 3 Months Ended
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Mar. 31, 2020
Noncontrolling Interest [Abstract] |
Noncontrolling Interests | Noncontrolling Interests The two noncontrolling interests that we consolidate include an operating partnership, Realty Income, L.P., and a joint venture acquired during 2019. The following table represents the change in the carrying value of all noncontrolling interests through March 31, 2020 (dollars in thousands):
| Realty Income, L.P. units (1) |  |  | Other Noncontrolling Interests |  |  | Total |
Carrying value at December 31, 2019 | $ | 24,596 |  |  | $ | 5,106 |  |  | $ | 29,702 |
Distributions | (323 | ) |  | (71 | ) |  | (394 | )
Allocation of net income | 277 |  |  | 39 |  |  | 316 |
Carrying value at March 31, 2020 | $ | 24,550 |  |  | $ | 5,074 |  |  | $ | 29,624 |
(1) 242,007 units were issued on March 30, 2018, 131,790 units were issued on April 30, 2018, and 89,322 units were issued on March 28, 2019. 463,119 remained outstanding at each of March 31, 2020 and December 31, 2019. At March 31, 2020 and December 31, 2019, Realty Income, L.P. and the joint venture acquired during 2019 were considered variable interest entities, or VIEs, in which we were deemed the primary beneficiary based on our controlling financial interests. Below is a summary of selected financial data of consolidated VIEs included in the consolidated balance sheets at March 31, 2020 and December 31, 2019 (in thousands):
| March 31, 2020 |  |  | December 31, 2019 |
Net real estate | $ | 647,877 |  |  | $ | 654,305 |
Total assets | 737,990 |  |  | 744,394 |
Total liabilities | 52,613 |  |  | 52,087 |

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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