Redeemable Noncontrolling Interests and Equity

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Redeemable Noncontrolling Interests and Equity

Redeemable Noncontrolling Interests and Equity

During certain specified periods of time (the “Early Exit Periods”), noncontrolling interests in certain funding arrangements have the right to put all of their membership interests to the Company (the “Put Provisions”). During a specific period of time (the “Call Periods”), the Company has the right to call all membership units of the related redeemable noncontrolling interests.

The carrying value of redeemable noncontrolling interests was greater than the redemption value except for seven and six Funds at March 31, 2019 and December 31, 2018, respectively, where the carrying value has been adjusted to the redemption value.