Annual report pursuant to Section 13 and 15(d)

REDEEMABLE NONCONTROLLING INTERESTS (Tables)

v3.22.4
REDEEMABLE NONCONTROLLING INTERESTS (Tables)
12 Months Ended
Dec. 31, 2022
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 year ended December 31, 2022 (dollars in thousands):
Series A and
A-1 Preferred
Units
In VRLP
Rockpoint Interests in VRT
Total
Redeemable
Noncontrolling
Interests
Balance January 1, 2022 $ 52,324  $ 468,989  $ 521,313 
Redeemable Noncontrolling Interests Issued (12,000) —  (12,000)
Net 40,324  468,989  509,313 
Income Attributed to Noncontrolling Interests 1,471  24,063  25,534 
Distributions (1,564) (24,063) (25,627)
Redemption Value Adjustment —  6,011  6,011 
Redeemable noncontrolling interests as of December 31, 2022 $ 40,231  $ 475,000  $ 515,231 
Series A and
A-1 Preferred
Units
In VRLP
Rockpoint
Interests
in VRT
Total
Redeemable
Noncontrolling
Interests
Balance January 1, 2021 $ 52,324  $ 460,973  $ 513,297 
Redeemable Noncontrolling Interests Issued —  —  — 
Net 52,324  460,973  513,297 
Income Attributed to Noncontrolling Interests 1,820  24,157  25,977 
Distributions (1,820) (24,157) (25,977)
Other Distributions —  —  — 
Redemption Value Adjustment —  8,016  8,016 
Redeemable noncontrolling interests as of December 31, 2021 $ 52,324  $ 468,989  $ 521,313