NONCONTROLLING INTERESTS IN SUBSIDIARIES (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024, 2023 and 2022:


	Common Units/ Vested LTIP Units	Unvested LTIP Units
Balance at January 1, 2022	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

Redemption of common units for shares of common stock	(22,197)	—


Vested LTIP Units	1,883	(1,883)




Balance at December 31, 2024	8,672,247	—