NONCONTROLLING INTERESTS IN SUBSIDIARIES (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Changes in Noncontrolling Interests of Subsidiaries

The following table sets forth the changes in noncontrolling interests in subsidiaries which relate to the common units and LTIP units in the Operating Partnership for the years ended December 31, 2023, 2022 and 2021:


	Common Units/ Vested LTIP Units	Unvested LTIP Units
Balance at January 1, 2021	9,649,031	1,722,929
Redemption of common units for shares of common stock	(175,257)	—
Redemption of common units	(730,850)	—
Conversion of vested LTIP units to common units	205,434
Vested LTIP units	65,176	(270,610)
Issuance of units	—	334,449
Cancellation of units	—	(540,016)

Balance at December 31, 2021	9,013,534	1,246,752

Redemption of common units for shares of common stock	(11,508)	—
Redemption of common units	(110,084)	—
Conversion of vested LTIP units to common units	228,579
Vested LTIP units	181,000	(409,579)

Cancellation of units	—	(279,089)

Balance at December 31, 2022	9,301,521	558,084

Redemption of common units for shares of common stock	(820,540)	—
Redemption of common units	(9,229)	—
Conversion of vested LTIP units to common units	452,328	—
Vested LTIP units	(231,519)	(220,809)


Cancellation of units	—	(335,392)

Balance at December 31, 2023	8,692,561	1,883