Quarterly report pursuant to Section 13 or 15(d)

Non-Controlling Interest

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Non-Controlling Interest
9 Months Ended
Sep. 30, 2018
Noncontrolling Interest [Abstract]  
Non-Controlling Interest
Non-Controlling Interest
Units of limited partnership interests in the Operating Partnership (“OP units”) that are owned by limited partners other than us are included in non-controlling interest on our consolidated balance sheets. The outstanding OP units held by outside limited partners represent less than 1% of our outstanding OP units and are redeemable by the limited partners for cash, or at our option, for a like number of shares of our common stock. We exchanged 3,703 OP units held by our non-controlling interest holders for the same number of shares of our common stock during the nine months ended September 30, 2018. No OP units were exchanged for either cash or shares of our common stock during the nine months ended September 30, 2017. The non-controlling interest holders are generally allocated their pro rata share of income, other comprehensive income and equity transactions.