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Redeemable Noncontrolling Interests
 12 Months Ended
Dec. 31, 2019
Temporary Equity Disclosure [Abstract]  
Redeemable Noncontrolling Interests Redeemable Noncontrolling Interests
As discussed in Note 2 - Summary of Significant Accounting Policies, redeemable noncontrolling interests in the accompanying consolidated balance sheets represent the noncontrolling interest in a joint venture in which we own the majority interest. The noncontrolling interest holders in the joint venture have the option to redeem their noncontrolling interest through the exercise of put options that were issued at the initial formation of the joint venture. The last exercisable put option lapsed on June 30, 2019. The redemption price was based on the fair value of their interest at the time of option exercise. As of December 31, 2019, all redeemable noncontrolling interests have either converted their interest to OP Units or received cash proceeds.
The following is summary of the activity of our redeemable noncontrolling interests as of December 31, 2019 and 2018, respectively (in thousands):
 
December 31,
 
2019
 
2018
Beginning balance
$
6,544

 
$
6,737

Net income attributable to noncontrolling interests
66

 
89

Distributions
(141
)
 
(282
)
Fair value adjustment
(425
)
 
—

Redemptions
(3,441
)
 
—

Issuance of OP Units
(2,603
)
 
—

Ending balance
$
—

 
$
6,544