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Noncontrolling Interests
 12 Months Ended
Dec. 31, 2015
Noncontrolling Interest [Abstract]  
Noncontrolling Interests
Noncontrolling Interests

Noncontrolling Interests in Consolidated Affiliates

At December 31, 2015, our noncontrolling interests in consolidated affiliates relate to our joint venture partner's 50.0% interest in office properties in Richmond, VA. Our joint venture partner is an unrelated third party.

Noncontrolling Interests in the Operating Partnership

Noncontrolling interests in the Operating Partnership relate to the ownership of Redeemable Common Units. Net income attributable to noncontrolling interests in the Operating Partnership is computed by applying the weighted average percentage of Redeemable Common Units 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. When a noncontrolling unitholder redeems a Common Unit for a share of Common Stock or cash, the noncontrolling interests in the Operating Partnership are reduced and the Company’s share in the Operating Partnership is increased by the fair value of each security at the time of redemption.

The following table sets forth the Company's noncontrolling interests in the Operating Partnership:

 
Year Ended December 31,
 
2015
 
2014
Beginning noncontrolling interests in the Operating Partnership
$
130,048

 
$
106,480

Adjustment of noncontrolling interests in the Operating Partnership to fair value
67

 
25,275

Conversions of Common Units to Common Stock
(1,645
)
 
(162
)
Redemptions of Common Units
—

 
(93
)
Net income attributable to noncontrolling interests in the Operating Partnership
2,918

 
3,542

Distributions to noncontrolling interests in the Operating Partnership
(4,959
)
 
(4,994
)
Total noncontrolling interests in the Operating Partnership
$
126,429

 
$
130,048



10.
Noncontrolling Interests - Continued

The following table sets forth net income available for common stockholders and transfers from the Company's noncontrolling interests in the Operating Partnership:

 
Year Ended December 31,
 
2015
 
2014
 
2013
Net income available for common stockholders
$
94,572

 
$
108,457

 
$
122,949

Increase in additional paid in capital from conversions of Common Units to Common Stock
1,645

 
162

 
28,788

Change from net income available for common stockholders and transfers from noncontrolling interests
$
96,217

 
$
108,619

 
$
151,737