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Noncontrolling Interests
6 Months Ended
Jun. 30, 2025
Noncontrolling Interest [Abstract]  
Noncontrolling Interests Noncontrolling Interests
Noncontrolling Interests in Consolidated Affiliates

As of June 30, 2025, 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
June 30,
Six Months Ended
June 30,
2025202420252024
Beginning noncontrolling interests in the Operating Partnership$63,759 $56,324 $65,791 $49,520 
Adjustment of noncontrolling interests in the Operating Partnership to fair value3,829 (12)927 7,467 
Conversions of Common Units to Common Stock— — — (132)
Redemptions of Common Units— — (10)— 
Net income attributable to noncontrolling interests in the Operating Partnership365 1,281 2,321 1,814 
Distributions to noncontrolling interests in the Operating Partnership(1,075)(1,075)(2,151)(2,151)
Total noncontrolling interests in the Operating Partnership$66,878 $56,518 $66,878 $56,518 

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
June 30,
Six Months Ended
June 30,
2025202420252024
Net income available for common stockholders$18,270 $62,870 $115,719 $88,934 
Increase in additional paid in capital from conversions of Common Units to Common Stock— — — 132 
Redemptions of Common Units— — 10 — 
Change from net income available for common stockholders and transfers from noncontrolling interests$18,270 $62,870 $115,729 $89,066