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Noncontrolling Interests (Tables)
12 Months Ended
Dec. 31, 2023
Noncontrolling Interest [Abstract]  
Summary of Redeemable Noncontrolling Interests

The components of redeemable noncontrolling interests are as follows (in thousands):

 

Balance at January 1, 2022

 

$

65,388

 

Contributions from noncontrolling partners in joint ventures

 

 

21,162

 

Net income attributable to noncontrolling interests

 

 

6,894

 

Acquisition of ownership interests from noncontrolling partners

 

 

(4,183

)

Distributions to noncontrolling partners in joint ventures

 

 

(1,004

)

Balance at December 31, 2022

 

 

88,257

 

Contributions from noncontrolling partners in joint ventures

 

 

16,530

 

Net income attributable to noncontrolling interests

 

 

6,006

 

Distributions to noncontrolling partners in joint ventures

 

 

(5,107

)

Balance at December 31, 2023

 

$

105,686