| Schedule of Changes in Noncontrolling Interests of Subsidiaries |
The following table sets forth the changes in noncontrolling interests in subsidiaries which relate to the common units and LTIP units in the Operating Partnership for the years ended December 31, 2023, 2022 and 2021:
|
|
|
|
|
|
|
|
|
|
Common Units/
Vested LTIP Units |
Unvested LTIP
Units |
| Balance at January 1, 2021 |
9,649,031 |
1,722,929 |
| Redemption of common units for shares of common stock |
(175,257) |
— |
| Redemption of common units |
(730,850) |
— |
| Conversion of vested LTIP units to common units |
205,434 |
|
| Vested LTIP units |
65,176 |
(270,610) |
| Issuance of units |
— |
334,449 |
| Cancellation of units |
— |
(540,016) |
|
|
|
| Balance at December 31, 2021 |
9,013,534 |
1,246,752 |
|
|
|
| Redemption of common units for shares of common stock |
(11,508) |
— |
| Redemption of common units |
(110,084) |
— |
| Conversion of vested LTIP units to common units |
228,579 |
|
| Vested LTIP units |
181,000 |
(409,579) |
|
|
|
| Cancellation of units |
— |
(279,089) |
|
|
|
| Balance at December 31, 2022 |
9,301,521 |
558,084 |
|
|
|
| Redemption of common units for shares of common stock |
(820,540) |
— |
| Redemption of common units |
(9,229) |
— |
| Conversion of vested LTIP units to common units |
452,328 |
— |
| Vested LTIP units |
(231,519) |
(220,809) |
|
|
|
|
|
|
| Cancellation of units |
— |
(335,392) |
|
|
|
| Balance at December 31, 2023 |
8,692,561 |
1,883 |
|