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Partners' Capital of the Operating Partnership
12 Months Ended
Dec. 31, 2024
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 a former executive officer and director in the form of common limited partner units as well as the ownership interest held on each respective date:
December 31, 2024December 31, 2023
Company owned common units in the Operating Partnership118,046,674 117,239,558 
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, 2024 and 2023, 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, 2024 and 2023:

December 31, 2024December 31, 2023
 (in thousands)
Distributions payable to:
General partner$63,745 $63,309 
Common limited partners621 621 
RSU holders (1)
484 510 
Total accrued distributions to common unitholders$64,850 $64,440 
_____________________
(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, 2024December 31, 2023
Outstanding Units:
Common units held by the general partner118,046,674 117,239,558 
Common units held by the limited partners1,150,574 1,150,574 
RSUs (1)
861,385 908,336 
_____________________
(1)Does not include 828,442 and 1,083,086 market measure-based RSUs because not all the necessary performance conditions have been met as of December 31, 2024 and 2023, respectively. Refer to Note 16 “Share-Based and Other Compensation” for additional information.