Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2024

Noncontrolling Interest [Abstract]

Summary of Outside Partner Units Related Annual Cash Distribution Rates and Conversion Features

The Outside Partner Units related annual cash distribution rates and related conversion features consisted of the following as of June 30, 2024:

Type	Par Value Per Unit		Number of Units Remaining		Return Per Annum
Preferred Outside Partner Units	$	20.00		3,876,935	3.75%
Common Outside Partner Units	$	20.00		618,317	Equal to the Company’s common stock dividend

Summary of Change in Redemption Value of Redeemable Noncontrolling Interests

The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the six months ended June 30, 2024 and 2023 (in thousands):

	Six Months Ended June 30,
	2024			2023
Balance at January 1,	$	72,277		$	92,933
Net income		2,282			3,104
Distributions		(2,282	)		(3,104	)
Redemption/conversion of noncontrolling interests		(1,290	)		-
Adjustment to estimated redemption value		(977	)		-
Balance at June 30,	$	70,010		$	92,933