XML 56 R29.htm IDEA: XBRL DOCUMENT v3.24.0.1
Partners' Capital of the Operating Partnership
12 Months Ended
Dec. 31, 2023
Partners' Capital [Abstract]  
Partners' Capital of the Operating Partnership Partners’ Capital of the Operating Partnership
Common Units

Common Units Outstanding

The following table sets forth the number of common units held by the Company as the general partner and the number of common units held by non-affiliated investors and certain of our executive officers and directors in the form of common limited partner units as well as the ownership interest held on each respective date:
December 31, 2023December 31, 2022
Company owned common units in the Operating Partnership117,239,558 116,878,031 
Company owned general partnership interest99.0 %99.0 %
Non-affiliated investors and other common units of the Operating Partnership1,150,574 1,150,574 
Ownership interest of limited partnership interests1.0 %1.0 %

For a further discussion of the redemption features of the common units not owned by the Company as of December 31, 2023 and 2022, refer to Note 12 “Noncontrolling Interests on the Company’s Consolidated Financial Statements.”

Accrued Distributions

The following tables summarize accrued distributions for the noted common units as of December 31, 2023 and 2022:

December 31, 2023December 31, 2022
 (in thousands)
Distributions payable to:
General partner$63,309 $63,114 
Common limited partners621 621 
RSU holders (1)
510 550 
Total accrued distributions to common unitholders$64,440 $64,285 
_____________________
(1)The amount includes the value of the dividend equivalents that will be paid with additional RSUs (see Note 16 “Share-Based and Other Compensation” for additional information).
December 31, 2023December 31, 2022
Outstanding Units:
Common units held by the general partner117,239,558 116,878,031 
Common units held by the limited partners1,150,574 1,150,574 
RSUs (1)
908,336 984,006 
_____________________
(1)Does not include 1,083,086 and 1,123,554 market measure-based RSUs because not all the necessary performance conditions have been met as of December 31, 2023 and 2022, respectively. Refer to Note 16 “Share-Based and Other Compensation” for additional information.