Quarterly report pursuant to Section 13 or 15(d)

Non-Controlling Interest

v3.5.0.2
Non-Controlling Interest
6 Months Ended
Jun. 30, 2016
Noncontrolling Interest [Abstract]  
Non-Controlling Interest
4. Non-Controlling Interest

Non-Controlling Interest in Consolidated Entities

Units of limited partnership interests in the Operating Partnership (“OP units”) that are owned by limited partners other than the Company are included in non-controlling interest on our condensed consolidated balance sheets. The non-controlling interest holders are generally allocated their pro rata share of income, other comprehensive income and equity transactions. The outstanding OP units held by outside limited partners represents less than 1% of our outstanding OP units and are redeemable for cash, or at our option, for a like number of shares of our common stock. No OP units were exchanged for shares of common stock during the six months ended June 30, 2016.