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Noncontrolling Interests
9 Months Ended
Sep. 30, 2012
Noncontrolling Interests [Line Items]  
Noncontrolling Interests
Noncontrolling Interests

Noncontrolling Interests in the Operating Partnership

Noncontrolling interests in the Operating Partnership relate to the ownership of Common Units by various individuals and entities other than the Company. Net income attributable to noncontrolling interests in the Operating Partnership is computed by applying the weighted average percentage of Common Units not owned by the Company during the period, as a percent of the total number of outstanding Common Units, to the Operating Partnership’s net income for the period after deducting distributions on Preferred Units.
 
The following table sets forth noncontrolling interests in the Operating Partnership:
 
 
Nine Months Ended September 30,
 
2012
 
2011
Beginning noncontrolling interests in the Operating Partnership
$
110,655

 
$
120,838

Adjustments of noncontrolling interests in the Operating Partnership to fair value
12,485

 
(10,177
)
Issuances of Common Units
2,299

 

Conversion of Common Units to Common Stock
(731
)
 
(1,344
)
Net income attributable to noncontrolling interests in the Operating Partnership
3,166

 
1,496

Distributions to noncontrolling interests in the Operating Partnership
(4,733
)
 
(4,818
)
Total noncontrolling interests in the Operating Partnership
$
123,141

 
$
105,995

The following table sets forth net income available for common stockholders and transfers from noncontrolling interests in the Operating Partnership:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2012
 
2011
 
2012
 
2011
Net income available for common stockholders
$
33,357

 
$
7,002

 
$
63,013

 
$
27,250

Increase in additional paid in capital from conversion of Common Units to Common Stock
100

 
709

 
731

 
1,344

Issuances of Common Units
(2,299
)
 

 
(2,299
)
 

Change from net income available for common stockholders and transfers from noncontrolling interests
$
31,158

 
$
7,711

 
$
61,445

 
$
28,594


8.
Noncontrolling Interests - Continued

Noncontrolling Interests in Consolidated Affiliates
 
At September 30, 2012, noncontrolling interests in consolidated affiliates relates to our joint venture partner's 50.0% interest in office properties located in Richmond, VA. Our joint venture partner is an unrelated third party.

Highwoods Realty Limited Partnership [Member]
 
Noncontrolling Interests [Line Items]  
Noncontrolling Interests
Noncontrolling Interests
 
Noncontrolling Interests in Consolidated Affiliates
 
At September 30, 2012, noncontrolling interests in consolidated affiliates relates to our joint venture partner's 50.0% interest in office properties located in Richmond, VA. Our joint venture partner is an unrelated third party.