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Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Summary of Change in Noncontrolling Interest (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance     $ 446,300  
Net income (loss) $ 1,582 $ 2,752 (5,275) $ 24,754
Capital call receivable 6,153      
Noncontrolling interest contributions 0   43,709 31,242
Noncontrolling interest distributions (7,960) (5,492) (13,425) (76,360)
Employee Long-term Incentive Plan Unit Awards 3,096 2,745 7,347 7,630
Ending Balance 457,221   457,221  
Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance 465,169 459,181 446,300 489,364
Distributions declared per Common OP Unit (1,228) (1,341) (2,681) (2,684)
Net income (loss) 2,431 (5,433) (5,141) 5,284
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (6,427) (901) (19,341) (1,533)
Other comprehensive income - unrealized gain on valuation of swap agreements 2,368 9,036 8,605 6,775
Reclassification of realized interest on swap agreements (3,687) (3,637) (7,438) (6,357)
City Point Loan   0   0
City Point Loan accrued interest 0 0 0 0
Capital call receivable 6,153   0  
Noncontrolling interest contributions 0 0 43,709 31,242
Noncontrolling interest distributions (7,960) (5,492) (13,425) (76,360)
Employee Long-term Incentive Plan Unit Awards 2,473 2,468 6,523 6,366
Reallocation of noncontrolling interests [1] (2,071) (1,444) 110 340
Ending Balance 457,221 452,437 457,221 452,437
Noncontrolling Interests | Noncontrolling Interests in Partially-Owned Affiliates        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [2] 372,462 355,962 346,582 389,810
Distributions declared per Common OP Unit [2] 0 0 0 0
Net income (loss) [2] 2,238 (6,130) (5,654) 3,670
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [2] 0 0 0 0
Other comprehensive income - unrealized gain on valuation of swap agreements [2] 2,282 7,867 7,660 6,520
Reclassification of realized interest on swap agreements [2] (3,637) (3,583) (7,334) (6,258)
City Point Loan [2]   0   0
City Point Loan accrued interest [2] 0 0 0 0
Capital call receivable [2] 6,153   0  
Noncontrolling interest contributions [2]   0 43,709 31,242
Noncontrolling interest distributions [2] (7,960) (5,492) (13,425) (76,360)
Employee Long-term Incentive Plan Unit Awards [2] 0 0 0 0
Reallocation of noncontrolling interests [1],[2] 0 0 0 0
Ending Balance [2] 371,538 348,624 371,538 348,624
Noncontrolling Interests | Operating Partnership, as General Partner or Managing Member        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [3] 92,707 103,219 99,718 99,554
Distributions declared per Common OP Unit [3] (1,228) (1,341) (2,681) (2,684)
Net income (loss) [3] 193 697 513 1,614
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [3] (6,427) (901) (19,341) (1,533)
Other comprehensive income - unrealized gain on valuation of swap agreements [3] 86 1,169 945 255
Reclassification of realized interest on swap agreements [3] (50) (54) (104) (99)
City Point Loan [3]   0   0
City Point Loan accrued interest [3] 0 0 0 0
Capital call receivable [3] 0   0  
Noncontrolling interest contributions [3]   0 0 0
Noncontrolling interest distributions [3] 0 0 0 0
Employee Long-term Incentive Plan Unit Awards [3] 2,473 2,468 6,523 6,366
Reallocation of noncontrolling interests [1],[3] (2,071) (1,444) 110 340
Ending Balance [3] 85,683 103,813 85,683 103,813
Redeemable Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance 45,462 [4] 63,269 [4] 50,339 67,664
Distributions declared per Common OP Unit   0 [4] 0 0
Net income (loss) (2,292) [4] (1,091) [4] (4,846) (3,166)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership 0 [4] 0 [4] 0 0
Other comprehensive income - unrealized gain on valuation of swap agreements 0 [4] 0 [4] 0 0
Reclassification of realized interest on swap agreements 0 [4] 0 [4] 0 0
City Point Loan   (796) [4]   (796)
City Point Loan accrued interest (2,290) [4] (2,345) [4] (4,613) (4,665)
Capital call receivable 0 [4]   0  
Noncontrolling interest contributions   796 [4] 0 796
Noncontrolling interest distributions (6) [4] 0 [4] (6) 0
Employee Long-term Incentive Plan Unit Awards 0 [4] 0 [4] 0 0
Reallocation of noncontrolling interests [1] 0 [4] 0 [4] 0 0
Ending Balance [4] $ 40,874 $ 59,833 $ 40,874 $ 59,833
[1] Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.
[2] Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and seven other subsidiaries.
[3] Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 2,065,537 and 2,864,074 Common OP Units as of June 30, 2024 and 2023, respectively; (ii) 188 Series A Preferred OP Units as of both June 30, 2024 and 2023; (iii) 84,785 and 126,384 Series C Preferred OP Units as of June 30, 2024 and 2023, respectively; and (iv) 4,690,993 and 4,298,378 LTIP units as of June 30, 2024 and 2023, respectively, as discussed in the Amended and Restated 2020 Plan (Note 13). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above.
[4] Redeemable noncontrolling interests comprise third-party interests that have been granted put rights, as further described below.