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

3 Months Ended

Mar. 31, 2017

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

Noncontrolling Interest of the Company

The following table summarizes the changes in noncontrolling interest for the Company for the three months ended March 31, 2017 and 2016:

	2017			2016
Balance as of December 31	$	43,184		$	42,035
Net Income	782			607
Unit Distributions	(848		)	(816		)
Other Comprehensive Income (Loss) (Including a Reallocation of $0 and $3)	76			(459		)
Conversion of Limited Partner Units to Common Stock (A)	—			(98		)
Reallocation - Additional Paid-in-Capital	(38		)	(47		)
Balance as of March 31	$	43,156		$	41,222

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

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, 2017 and 2016:

	2017			2016
Balance as of December 31	$	956		$	1,096
Net Income	27			14
Contributions	7			3
Distributions	(17		)	(33		)
Balance as of March 31	$	973		$	1,080

Dividends/Distributions

During the three months ended March 31, 2017, we declared $25,560 common stock dividends and Unit distributions.