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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:                      
Net income $ 28,694 $ (9,499) $ 17,507 $ 34,232 $ 38,399 $ 83,849 $ 61,793        
Adjustments to reconcile net income to net cash provided by operating activities:                      
Depreciation and amortization         97,429 100,593 95,345        
Amortization of above and below-market leases and lease inducements, net         (6,148) (5,347) (4,121)        
Amortization of debt premiums, discounts, and financing costs, net         1,706 1,048 1,219        
Straight-line rent adjustment, net         (3,464) (4,262) (2,202)        
Provision for asset impairment         2,359 3,510 27,754        
Gain on sale and transfer of investment properties, net         (62,011) (95,097) (34,181)        
Loss (gain) on extinguishment of debt, net         2,901 (9,103) (838)        
Equity in (earnings) losses and impairment, net, of unconsolidated entities         (957) 31,393 804        
Distributions from unconsolidated entities         8,228 8,032 2,443        
Realized and unrealized gains on marketable securities, net         0 (244) (46,563)        
Stock-based compensation, net         5,541 4,330 3,355        
Provision for indemnification claims         25,500 0 4,500        
Changes in operating assets and liabilities:                      
Accounts and rents receivable, net         (3,510) (218) (1,048)        
Deferred costs and other assets         (1,624) 1,426 2,051        
Accounts payable and accrued expenses         (66) 2,499 5,561        
Other liabilities         1,725 2,248 2,280        
Net cash provided by operating activities         106,008 124,657 118,152        
Cash flows from investing activities:                      
Purchase of investment properties         (329,493) (205,462) (539,242)        
Acquired in-place and market lease intangibles, net         (29,602) (15,369) (50,207)        
Capital expenditures and tenant improvements         (17,754) (27,233) (15,910)        
Investment in development and re-development projects         (7,103) (3,796) (3,630)        
Proceeds from the sale and transfer of investment properties, net         346,707 430,514 233,686        
Proceeds from the sale of marketable securities, net         0 4,696 171,666        
Proceeds from the sale of unconsolidated entity         30,000 0 0        
Indemnification payment related to the sale of investment properties         (30,000) 0 0        
Contributions to unconsolidated entities         0 (2,782) (6,875)        
Distributions from unconsolidated entities         0 745 1,592        
Lease commissions and other leasing costs         (5,621) (6,029) (4,356)        
Other assets         333 (127) 439        
Other liabilities         736 257 3,749        
Net cash (used in) provided by investing activities         (41,797) 175,414 (209,088)        
Cash flows from financing activities:                      
Payment of tax withholdings for share-based compensation         (1,397) (1,567) (2,192)        
Repurchase of common stock under share repurchase plan         (20,384) 0 0        
Repurchase of common stock through tender offer         0 (98,447) 0        
Distributions to shareholders         (53,250) (54,194) (53,358)        
Refund received of excess funds associated with 2016 tender offer         0   1,929 $ 0      
Proceeds from debt         118,000 179,333 0        
Payoffs of debt         (106,041) (221,358) (104,032)        
Debt prepayment penalties         (1,834) (3,088) 0        
Principal payments of mortgage debt         (2,692) (1,924) (1,390)        
Payment of loan fees and deposits         (446) (5,544) (368)        
Payment of finance lease liabilities         (272) (307) 0        
Net cash used in financing activities         (68,316) (207,096) (159,411)        
Net (decrease) increase in cash, cash equivalents, and restricted cash         (4,105) 92,975 (250,347)        
Cash, cash equivalents, and restricted cash at beginning of year   264,853   171,878 264,853 171,878 422,225        
Cash, cash equivalents, and restricted cash at end of year 260,748   264,853   260,748 264,853 171,878 422,225      
Reconciliation of cash, cash equivalents, and restricted cash to consolidated balance sheets:                      
Cash and cash equivalents                 $ 255,069 $ 260,131 $ 162,747
Restricted cash                 5,679 4,722 9,131
Cash, cash equivalents, and restricted cash at end of year $ 260,748 $ 264,853 $ 264,853 $ 171,878 260,748 171,878 171,878 $ 422,225 260,748 264,853 171,878
Supplemental disclosure of cash flow information:                      
Cash paid for interest, net of capitalized interest of $101, $0, and $0 for 2019, 2018 and 2017, respectively         21,259 24,096 31,196        
Cash paid for income taxes, net of refunds of $498, $1,703, and $918 for 2019, 2018 and 2017, respectively         446 463 625        
Distributions payable to shareholders         13,252 13,029 13,441        
Recognition of partially deferred gains on property sales                 0 12,756 0
Accrued capital expenditures and tenant improvements                 1,180 1,679 1,593
Accrued investment in re-development projects         329 67 0        
Accrued lease commissions and other leasing costs         136 104 376        
Capitalized costs placed in service         29,027 17,786 15,866        
Gross issuance of shares for share-based compensation         4,051 4,319 5,916        
Purchase of investment properties:                      
Net investment properties         332,148 206,763 582,660        
Accounts and rents receivable, lease intangibles, and deferred costs and other assets         37,103 21,631 69,617        
Accounts payable and accrued expenses, lease intangibles, and other liabilities         (10,156) (7,563) (21,111)        
Assumption of mortgage debt         0 0 (41,717)        
Cash outflow for purchase of investment properties, net         359,095 220,831 589,449        
Assumption of mortgage principal         0 0 41,000        
Capitalized acquisition costs         (2,334) (430) (1,911)        
Construction escrow accounts         0 975 1,649        
Credits and other changes in cash outflow, net         9,003 1,224 3,238        
Gross acquisition price of investment properties         365,764 222,600 633,425        
Sale and transfer of investment properties:                      
Net investment properties         286,682 382,241 200,399        
Accounts and rents receivable, lease intangibles, and deferred costs and other assets         9,295 14,692 6,658        
Accounts payable and accrued expenses, lease intangibles, and other liabilities                 $ (9,189) $ (13,035) $ (5,047)
Debt extinguished through transfer of properties         0 (44,331) (3,343)        
Debt assumed by buyer through disposition of properties         0 (16,395) 0        
Gain on sale and transfer of investment properties, net         62,011 95,097 34,181        
(Loss) gain on extinguishment of debt, net         (2,092) 9,157 838        
Debt prepayment penalties and defeasance costs         0 3,088 0        
Proceeds from sale and transfer of investment properties, net         346,707 430,514 233,686        
Assumption of mortgage principal by buyer         0 16,600 0        
Surrender of mortgage escrows for transferred properties         0 2,160 6,024        
Credits and other changes in cash inflow, net         11,093 16,901 4,356        
Gross disposition price of investment properties         $ 357,800 $ 466,175 $ 244,066