Note 9 - Redeemable Noncontrolling Interests

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Noncontrolling Interest Disclosure [Text Block]

9.

Redeemable Noncontrolling Interests

Redeemable noncontrolling interests includes amounts related to partnership units issued by consolidated subsidiaries of the Company in connection with certain property acquisitions.  Partnership units which are determined to be mandatorily redeemable under the FASB’s Distinguishing Liabilities from Equity guidance are classified as Redeemable noncontrolling interests and presented in the mezzanine section between Total liabilities and Stockholder’s equity on the Company’s Condensed Consolidated Balance Sheets. The amounts of consolidated net income attributable to the Company and to the noncontrolling interests are presented on the Company’s Condensed Consolidated Statements of Operations.

The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the nine months ended September 30, 2016 and 2015 (amounts in thousands):

	201 6			201 5
Balance at January 1,	$	86,709		$	91,480
Income (1)		3,240			5,822
Distributions		(3,093	)		(4,563	)
Balance at September 30,	$	86,856		$	92,739

(1) Includes $1.2 million in fair market value remeasurement for the nine months ended September 30, 2015.