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Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Summary of Change in Noncontrolling Interest (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance     $ 446,300  
Net income (loss) $ 12,254 $ (16,268) 6,979 $ 8,486
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership     (1)  
Capital call receivable   (16,300)   (16,300)
Noncontrolling interest contributions 2,409 16,600 46,118 47,842
Noncontrolling interest distributions (7,591) (1,754) (21,010) (78,114)
Employee Long-term Incentive Plan Unit Awards 2,729 2,565 10,085 10,195
Ending Balance 448,200   448,200  
Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance 457,221 452,437 446,300 489,364
Distributions declared per Common OP Unit (1,273) (1,338) (3,954) (4,022)
Net income (loss) 5,512 (12,347) 371 (7,063)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (1,546) (182) (20,888) (1,715)
Other comprehensive income - unrealized gain on valuation of swap agreements (6,231) 5,162 2,360 11,937
Reclassification of realized interest on swap agreements (2,441) (3,582) (9,879) (9,939)
City Point Loan       0
City Point Loan accrued interest 0 0 0 0
Capital call receivable   (16,300)   (16,300)
Noncontrolling interest contributions 2,409 16,600 46,118 47,842
Noncontrolling interest distributions (7,591) (1,754) (21,010) (78,114)
Employee Long-term Incentive Plan Unit Awards 2,494 2,353 9,026 8,719
Reallocation of noncontrolling interests [1] (354) (2,039) (244) (1,699)
Ending Balance 448,200 439,010 448,200 439,010
Noncontrolling Interests | Noncontrolling Interests in Partially-Owned Affiliates        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [2] 371,538 348,624 346,582 389,810
Distributions declared per Common OP Unit [2] 0 0 0 0
Net income (loss) [2] 5,038 (12,426) (608) (8,756)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [2] 0 0 0 0
Other comprehensive income - unrealized gain on valuation of swap agreements [2] (4,831) 4,212 2,815 10,732
Reclassification of realized interest on swap agreements [2] (2,409) (3,526) (9,743) (9,784)
City Point Loan [2]       0
City Point Loan accrued interest [2] 0 0 0 0
Capital call receivable [2]   (16,300)   (16,300)
Noncontrolling interest contributions [2] 2,409 16,600 46,118 47,842
Noncontrolling interest distributions [2] (7,591) (1,754) (21,010) (78,114)
Employee Long-term Incentive Plan Unit Awards [2] 0 0 0 0
Reallocation of noncontrolling interests [1],[2] 0 0 0 0
Ending Balance [2] 364,154 335,430 364,154 335,430
Noncontrolling Interests | Operating Partnership, as General Partner or Managing Member        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [3] 85,683 103,813 99,718 99,554
Distributions declared per Common OP Unit [3] (1,273) (1,338) (3,954) (4,022)
Net income (loss) [3] 474 79 979 1,693
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [3] (1,546) (182) (20,888) (1,715)
Other comprehensive income - unrealized gain on valuation of swap agreements [3] (1,400) 950 (455) 1,205
Reclassification of realized interest on swap agreements [3] (32) (56) (136) (155)
City Point Loan [3]       0
City Point Loan accrued interest [3] 0 0 0 0
Capital call receivable [3]   0   0
Noncontrolling interest contributions [3] 0 0 0 0
Noncontrolling interest distributions [3] 0 0 0 0
Employee Long-term Incentive Plan Unit Awards [3] 2,494 2,353 9,026 8,719
Reallocation of noncontrolling interests [1],[3] (354) (2,039) (244) (1,699)
Ending Balance [3] 84,046 103,580 84,046 103,580
Redeemable Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [4] 40,874 59,833 50,339 67,664
Distributions declared per Common OP Unit [4]   0 0 0
Net income (loss) [4] (1,672) (2,495) (6,518) (5,661)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [4] 0 0 0 0
Other comprehensive income - unrealized gain on valuation of swap agreements [4] 0 0 0 0
Reclassification of realized interest on swap agreements [4] 0 0 0 0
City Point Loan [4]       (796)
City Point Loan accrued interest [4] (4,165) (2,332) (8,778) (6,995)
Capital call receivable [4]   0   0
Noncontrolling interest contributions [4] 0 315 0 1,110
Noncontrolling interest distributions [4] 0 (37) (6) (38)
Employee Long-term Incentive Plan Unit Awards [4] 0 0 0 0
Reallocation of noncontrolling interests [1],[4] 0 0 0 0
Ending Balance [4] $ 35,037 $ 55,284 $ 35,037 $ 55,284
[1] Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.
[2] Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and seven other subsidiaries.
[3] Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 2,054,386 and 2,864,074 Common OP Units as of September 30, 2024 and 2023, respectively; (ii) 188 Series A Preferred OP Units as of both September 30, 2024 and 2023; (iii) 66,519 and 126,384 Series C Preferred OP Units as of September 30, 2024 and 2023, respectively; and (iv) 4,670,297 and 4,287,550 LTIP units as of September 30, 2024 and 2023, respectively, as discussed in the Amended and Restated 2020 Plan (Note 13). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above.
[4] Redeemable noncontrolling interests comprise third-party interests that have been granted put rights, as further described below.