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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (209,961) $ 56,534 $ 54,620
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation 38,987 37,671 34,694
Net amortization of debt premiums and discount and deferred financing fees 1,376 1,310 1,340
(Gain) loss on early extinguishment of debt (34) 1,307  
Straight line rental income (3,978) (4,495) (3,067)
Amortization of acquired real estate leases 28,624 27,713 21,608
Amortization of deferred leasing costs 2,349 2,145 1,599
Other non-cash expenses 817 2,181 1,268
Loss on impairment of real estate   2,016  
Loss on impairment of real estate     10,142
Increase in carrying value of asset held for sale   (2,344)  
Net gain on sale of properties   (774) (8,168)
Equity in earnings of investees (18,640) (10,963) (334)
Loss on issuance of shares by Select Income REIT 42,145 53  
Loss on distribution to common shareholders of The RMR Group Inc. common stock 12,368    
Loss on impairment of Select Income REIT investment 203,297    
Distributions of earnings from Select Income REIT 21,882 17,046  
Change in assets and liabilities:      
Restricted cash 1,258 (591) (136)
Deferred leasing costs (4,741) (3,326) (4,279)
Rents receivable (2,729) (337) (1,565)
Other assets 515 (419) (1,063)
Accounts payable and accrued expenses 1,097 6,400 2,492
Due to related persons 725 (402) (760)
Net cash provided by operating activities 115,357 130,725 108,391
CASH FLOWS FROM INVESTING ACTIVITIES:      
Real estate acquisitions and deposits   (56,350) (112,574)
Real estate improvements (19,163) (21,635) (23,252)
Investment in Select Income REIT (95,821) (689,969)  
Investment in The RMR Group Inc. (7,226)    
Investment in Affiliates Insurance Company   (825)  
Distributions in excess of earnings from Select Income REIT 25,148 3,594  
Proceeds from sale of properties, net 30,460 16,426 18,319
Net cash used in investing activities (66,602) (748,759) (117,507)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of mortgage notes payable (48,908) (2,221) (1,933)
Proceeds from issuance of common shares, net   349,787  
Proceeds from issuance of senior notes, net of discount   347,217  
Proceeds from unsecured term loan   1,050,000  
Repayment of unsecured term loan   (850,000)  
Borrowings on unsecured revolving credit facility 195,000 344,500 216,500
Repayments on unsecured revolving credit facility (78,000) (501,500) (109,000)
Financing fees (21) (12,765)  
Repurchase of common shares (172)    
Distributions to common shareholders (121,660) (100,856) (94,043)
Net cash (used in) provided by financing activities (53,761) 624,162 11,524
Increase (decrease) in cash and cash equivalents (5,006) 6,128 2,408
Cash and cash equivalents at beginning of period 13,791 7,663 5,255
Cash and cash equivalents at end of period 8,785 13,791 7,663
Supplemental cash flow information:      
Interest paid 35,500 21,334 15,336
Income taxes paid $ 143 126 $ 169
Non-cash investing activities:      
Investment in The RMR Group Inc. paid in common shares 13,545    
Real estate acquisition funded with the assumption of mortgage debt   (97,524)  
Distribution of The RMR Group Inc. common shares received from Select Income REIT $ 5,244    
Non-cash financing activities:      
Assumption of mortgage debt   $ 97,524  
Distribution to common shareholders of The RMR Group Inc. common stock $ (9,132)