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CONSOLIDATED STATEMENTS OF CASH FLOWS - Cash and Restricted Cash (Parenthetical) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Dec. 21, 2023
Dec. 31, 2023
Feb. 28, 2023
Jan. 31, 2023
Feb. 28, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Jun. 30, 2023
Dec. 31, 2020
Cash and cash equivalents   $ 245,939       $ 245,939 $ 658,065 $ 634,848 $ 338,431  
Restricted cash [1]   1,022       1,022 30,237 382,097    
Total cash and cash equivalents and restricted cash shown in our consolidated statements of cash flows   246,961       246,961 688,302 1,016,945   $ 90,849
Repayments of borrowings on revolving credit facility           $ 700,000 $ 100,000 $ 0    
Credit Facility | Unsecured debt                    
Repayments of borrowings on revolving credit facility $ 450,000 $ 450,000 $ 136,373 $ 113,627 $ 100,000          
[1] As of December 31, 2022 and 2021, restricted cash consisted of proceeds from the sale of assets and proceeds from the sale of joint venture interests held as collateral pursuant to the agreement governing our former credit facility, or our credit agreement. In December 2023, we repaid all $450,000 outstanding under such secured credit facility with Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders, and then terminated our credit agreement in accordance with its terms and without penalty. As such, we are no longer required to hold any proceeds from the sale of properties as restricted cash. Restricted cash also consists of amounts escrowed for real estate taxes, insurance and capital expenditures at certain of our mortgaged properties.