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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 58,760 $ 39,472
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,978 71,209
Amortization of above/below market leases (417) (387)
Amortization of deferred financing costs 964 999
Gain on real estate disposal   (36)
Share-based compensation 6,874 5,305
Bad debt expense 272 310
Changes in operating assets and liabilities:    
Accounts receivable (4,140) (4,214)
Deferred rent receivable (1,906) (5,423)
Deferred leasing costs (10,534) (11,242)
Other assets (8,499) (4,661)
Accounts payable and accrued expenses 1,413 4,045
Unearned revenue, prepaid rent and other liabilities 2,480 8,799
Deferred rent payable (356) (737)
Net cash provided by operating activities 122,889 103,439
CASH FLOWS FROM INVESTING ACTIVITIES    
Tenant improvements (3,487) (5,356)
Real estate improvements (234,963) (72,443)
Escrow deposits (4,075)  
Proceeds from real estate disposal   2,399
Net cash used in investing activities (242,525) (75,400)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 1,243 1,171
Proceeds from revolving credit facility 200,250 55,000
Payments on revolving credit facility (247,750) (163,250)
Proceeds from unsecured term loan 250,000 150,000
Payments of loan fees and costs (2,981) (2,315)
Payments to net settle equity awards   (4,256)
Dividends and distributions (81,684) (65,574)
Net cash provided by (used in) financing activities 119,078 (29,224)
Net change in cash and cash equivalents (558) (1,185)
Cash and cash equivalents, beginning of period 6,854 10,662
Cash and cash equivalents, end of period 6,296 9,477
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest, net of capitalized amounts 5,912 4,501
NON-CASH INVESTING AND FINANCING ACTIVITY    
Construction in Progress Expenditures Incurred but Not yet Paid 46,048 18,943
Accrual of dividends and distributions $ 28,630 $ 22,688