| Schedule Of Changes In The Value Of The Redeemable Noncontrolling Interests |
The following tables set forth the changes in Mandatorily redeemable noncontrolling interests for the three and nine months ended September 30, 2023 (dollars in thousands):
|
|
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|
|
|
|
|
|
|
Rockpoint
Interests
in VRT |
| Balance at July 1, 2023 |
|
$ |
487,619 |
|
|
|
| Income Attributed to Noncontrolling Interests |
|
1,617 |
| Distributions |
|
(3,623) |
|
| Redemption Value Adjustment |
|
34,775 |
| Redemption |
|
(520,388) |
| Balance at September 30, 2023 |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
Rockpoint
Interests
in VRT |
| Balance at April 5, 2023 |
|
$ |
— |
| Reclassification from Redeemable Non-controlling Interests |
|
479,977 |
| Income Attributed to Noncontrolling Interests |
|
7,365 |
| Distributions |
|
(9,371) |
|
| Redemption Value Adjustment |
|
42,417 |
| Redemption |
|
(520,388) |
| Balance at September 30, 2023 |
|
$ |
— |
The following tables set forth the changes in Redeemable noncontrolling interests within the mezzanine section for the three and nine months ended September 30, 2023 and 2022, respectively (dollars in thousands):
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|
|
|
|
|
|
|
|
Series A and
A-1 Preferred
Units
In VRLP |
|
Rockpoint
Interests
in VRT
|
|
Total
Redeemable
Noncontrolling
Interests |
| Balance at July 1, 2023 |
|
$ |
40,231 |
|
$ |
— |
|
$ |
40,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income Attributed to Noncontrolling Interests |
|
350 |
|
— |
|
350 |
| Distributions |
|
(350) |
|
|
— |
|
|
(350) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at September 30, 2023 |
|
$ |
40,231 |
|
$ |
— |
|
$ |
40,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series A and
A-1 Preferred
Units
In VRLP |
|
Rockpoint
Interests
in VRT |
|
Total
Redeemable
Noncontrolling
Interests |
| Balance at July 1, 2022 |
|
$ |
40,231 |
|
$ |
476,094 |
|
$ |
516,325 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income Attributed to Noncontrolling Interests |
|
350 |
|
6,015 |
|
6,365 |
| Distributions |
|
(350) |
|
|
(6,015) |
|
|
(6,365) |
|
| Redemption Value Adjustment |
|
— |
|
(1,411) |
|
(1,411) |
| Balance at September 30, 2022 |
|
$ |
40,231 |
|
$ |
474,683 |
|
$ |
514,914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series A and
A-1 Preferred
Units
In VRLP |
|
Rockpoint
Interests
in VRT
|
|
Total
Redeemable
Noncontrolling
Interests |
| Balance at Balance at January 1, 2023 |
|
$ |
40,231 |
|
$ |
475,000 |
|
$ |
515,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income Attributed to Noncontrolling Interests |
|
1,050 |
|
6,283 |
|
7,333 |
| Distributions |
|
(1,050) |
|
|
(6,283) |
|
|
(7,333) |
|
| Redemption Value Adjustment |
|
— |
|
|
4,977 |
|
4,977 |
| Reclassification to Mandatorily Redeemable Non-controlling Interests |
|
— |
|
|
(479,977) |
|
(479,977) |
Balance at September 30, 2023 |
|
$ |
40,231 |
|
$ |
— |
|
$ |
40,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
1,121 |
|
18,047 |
|
19,168 |
| Distributions |
|
(1,121) |
|
|
(18,047) |
|
|
(19,168) |
|
| Redemption Value Adjustment |
|
(93) |
|
5,694 |
|
5,601 |
Balance at September 30, 2022 |
|
$ |
40,231 |
|
$ |
474,683 |
|
$ |
514,914 |
|