v3.21.2

Non-Controlling Interests

9 Months Ended

Sep. 30, 2021

Noncontrolling Interest [Abstract]

Non-Controlling Interests

12. Non-Controlling Interests

The following table summarizes OP Units exchanged for shares of common stock:

		For the Three Months Ended September 30,								For the Nine Months Ended September 30,
(in thousands)		2021				2020				2021				2020
OP Units exchanged for shares of common stock			1,723				—				2,888				—
Value of units exchanged		$	27,755			$	—			$	46,220			$	—

As of September 30, 2021, the Company achieved all four VWAP milestones applicable to the earnout. As a result, the Company issued 1,611 and 1,859 OP Units for the three and nine months ended September 30, 2021, respectively (see Note 4).

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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

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X

- References

No definition available.

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