Quarterly report pursuant to Section 13 or 15(d)

REDEEMABLE NONCONTROLLING INTERESTS (Tables)

v3.23.1
REDEEMABLE NONCONTROLLING INTERESTS (Tables)
3 Months Ended
Mar. 31, 2023
Temporary Equity Disclosure [Abstract]  
Schedule Of Changes In The Value Of The Redeemable Noncontrolling Interests
The following tables set forth the changes in Redeemable noncontrolling interests for the three months ended March 31, 2023 and 2022, respectively (dollars in thousands):
Series A and
A-1 Preferred
Units
In VRLP
Rockpoint
Interests
in VRT
Total
Redeemable
Noncontrolling
Interests
Balance at January 1, 2023 $ 40,231 $ 475,000 $ 515,231
Net 40,231 475,000 515,231
Income Attributed to Noncontrolling Interests 350 6,016 6,366
Distributions (350) (6,016) (6,366)
Redemption Value Adjustment —  4,977 4,977
Balance at March 31, 2023
$ 40,231 $ 479,977 $ 520,208
Series A and
A-1 Preferred
Units
In VRLP
  Rockpoint
Interests
in VRT
  Total
Redeemable
Noncontrolling
Interests
Balance at January 1, 2022 $ 52,324 $ 468,989 $ 521,313
Redemption/Payout (12,000) (12,000)
Net 40,324 468,989 509,313
Income Attributed to Noncontrolling Interests 421 6,016 6,437
Distributions (421) (6,016) (6,437)
Redemption Value Adjustment (22) 3,221 3,199
Balance at March 31, 2022
$ 40,302 $ 472,210 $ 512,512