Redeemable Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2017

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interests

Below is a summary of the activity of redeemable noncontrolling interests for the nine months ended September 30, 2017:

	Nine Months Ended September 30,
	2017
	(In thousands)
Balance at January 1, 2017 (1)	$	—
OP Units issued at the Separation	96,632
OP Units issued in connection with the Combination (2)	359,967
Net loss attributable to redeemable noncontrolling interests	(2,481		)
Share-based compensation expense	15,799
Adjustment to redemption value	97,084
Balance as of September 30, 2017	$	567,001

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⁽¹⁾  We did not have any redeemable noncontrolling interests prior to the Separation on July 17, 2017.

⁽²⁾  Excludes certain OP Units issued as part of the Combination which have an estimated fair value of $110.6 million, that are subject to post-combination employment with vesting over periods of either 12 or 60 months. See Note 11 for further information.