Noncontrolling Interests on the Company's Consolidated Financial Statements (Tables)

3 Months Ended

Mar. 31, 2017

Below is the rollforward analysis of the activity relating to the noncontrolling interests in the Operating Partnership as of March 31, 2017 and December 31, 2016 (in thousands):



	March 31, 2017			December 31, 2016
Balance at beginning of period	$	473,882		$	424,206
Distributions	(3,537		)	(12,671		)
Issuance of common units	18,240			78,495
Redemption of common units	(13,112		)	(31,805		)
Net income	476			10,136
Accumulated other comprehensive income allocation	(199		)	1,299
Fair value adjustment	15,548			4,222
Balance at end of period	$	491,298		$	473,882

Schedule of Preferred Unit Activity

Below is the rollforward analysis of the activity relating to the preferred units in the Operating Partnership as of March 31, 2017 and December 31, 2016 (in thousands):



	March 31, 2017		December 31, 2016
Balance at beginning of period	$	302,010	$	282,516
Issuance of preferred units	—		22,793
Redemption of preferred units	—		(3,299		)
Balance at end of period	$	302,010	$	302,010