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Noncontrolling Interests (Tables)
3 Months Ended
Mar. 31, 2024
Noncontrolling Interest [Abstract]  
Summary of Redeemable Noncontrolling Interests

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

 

Balance at January 1, 2023

 

$

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

 

Contributions from noncontrolling partners in joint ventures

 

 

2,280

 

Net income attributable to noncontrolling interests

 

 

2,387

 

Distributions to noncontrolling partners in joint ventures

 

 

(1,020

)

Balance at March 31, 2024

 

$

109,333