Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership

3 Months Ended

Mar. 31, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity of the Company and Partners' Capital of the Operating Partnership

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership

Conversion of Limited Partner Units into Shares of Common Stock

For the three months ended March 31, 2016 and 2015, 9,823 and 9,825 Limited Partner Units, respectively, were converted into an equivalent number of shares of common stock of the Company, resulting in a reclassification of $98 and $95, respectively, of noncontrolling interest to the Company’s stockholders’ equity.

Noncontrolling Interest of the Company

The following table summarizes the changes in noncontrolling interest for the Company for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31, 2016			Three Months Ended March 31, 2015
Balance as of December 31, 2015	$	42,035		$	41,877
Net Income	607			93
Unit Distributions	(816		)	(557		)
Other Comprehensive (Loss) Income (Including a Reallocation of $3 and $2)	(459		)	142
Conversion of Limited Partner Units to Common Stock	(98		)	(95		)
Reallocation - Additional Paid-in-Capital	(47		)	(34		)
Balance as of March 31, 2016	$	41,222		$	41,426

Noncontrolling Interest of the Operating Partnership

The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31, 2016			Three Months Ended March 31, 2015
Balance as of December 31, 2015	$	1,096		$	1,080
Net Income	14			26
Contributions	3			2
Distributions	(33		)	—
Balance as of March 31, 2016	$	1,080		$	1,108

Dividends/Distributions

During the three months ended March 31, 2016, we accrued $22,005 common stock dividends and Unit distributions.