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Noncontrolling Interests
9 Months Ended
Sep. 30, 2024
Noncontrolling Interest [Abstract]  
Noncontrolling Interests Noncontrolling Interests
Noncontrolling Interests in Consolidated Affiliates

As of September 30, 2024, our noncontrolling interest in consolidated affiliates relates to our joint venture partner's 20.0% interest in the Midtown West joint venture. Our joint venture partner is an unrelated third party.

Noncontrolling Interests in the Operating Partnership

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

Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Beginning noncontrolling interests in the Operating Partnership$56,518 $56,206 $49,520 $65,977 
Adjustment of noncontrolling interests in the Operating Partnership to fair value16,355 (6,334)23,822 (15,521)
Conversions of Common Units to Common Stock— (4,795)(132)(4,795)
Redemptions of Common Units— — — (163)
Net income attributable to noncontrolling interests in the Operating Partnership297 453 2,111 2,386 
Distributions to noncontrolling interests in the Operating Partnership(1,076)(1,078)(3,227)(3,432)
Total noncontrolling interests in the Operating Partnership$72,094 $44,452 $72,094 $44,452 

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

Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Net income available for common stockholders$14,558 $22,101 $103,492 $108,233 
Increase in additional paid in capital from conversions of Common Units to Common Stock— 4,795 132 4,795 
Redemptions of Common Units— — — 163 
Change from net income available for common stockholders and transfers from noncontrolling interests$14,558 $26,896 $103,624 $113,191