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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ 31,506 $ (14,464)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 37,770 34,901
Amortization of intangibles 33,280 31,251
Amortization of deferred financing costs 5,769 6,056
Amortization of mortgage premium (361) (367)
Amortization of below-market lease liabilities (1,882) (1,506)
Amortization of above-market lease assets 1,688 1,741
Amortization of above- and below- market ground lease assets 125 69
Bad debt expense 160 0
Unbilled straight-line rent (8,059) (11,573)
Vesting of Class B Units 0 14,480
Equity based compensation 2,407 2,435
Unrealized losses (gains) on foreign currency transactions, derivatives, and other 1,068 (4,357)
Unrealized gains on undesignated foreign currency advances and other hedge ineffectiveness (5,613) (2,445)
Unrealized losses on non-functional foreign currency advances not designated as net investment hedges 0 2,935
Gains on sale of real estate investments (1,320) 0
Change in fair value of listing note 0 3,380
Appreciation of investment in securities 0 27
Changes in operating assets and liabilities, net:    
Prepaid expenses and other assets (1,918) (3,495)
Deferred tax assets (13) (803)
Accounts payable and accrued expenses (1,601) 4,332
Prepaid rent (1,451) 638
Deferred tax liability 448 0
Taxes payable (1,956) 3,166
Net cash provided by operating activities 90,047 66,401
Cash flows from investing activities:    
Investment in real estate and real estate related assets 0 (223,074)
Deposits for real estate acquisitions 0 773
Proceeds from termination of derivatives 0 10,055
Capital expenditures (200) (10,242)
Proceeds from sale of real estate investments 13,414 0
Proceeds from redemption of investment securities 0 463
Net cash provided by (used in) investing activities 13,214 (222,025)
Cash flows from financing activities:    
Borrowings under credit facility 16,485 476,208
Repayments on credit facility (42,136) (370,617)
Proceeds from mortgage notes payable 0 207,914
Payments on mortgage notes payable (561) (535)
Proceeds from issuance of common stock 0 420
Proceeds from issuance of operating partnership units 0 750
Proceeds from offering costs 0 49
Proceeds (payments) of financing costs (2,905) (4,612)
Dividends paid (90,136) (68,062)
Distributions to non-controlling interest holders (1,749) (321)
Payments on common stock repurchases, inclusive of fees 0 (2,313)
Payments on share repurchases related to Tender Offer 0 (125,000)
Advances from related parties, net 401 990
Restricted cash (341) 2,028
Net cash (used in) provided by financing activities (120,942) 116,899
Net change in cash and cash equivalents (17,681) (38,725)
Effect of exchange rate changes on cash (1,984) 6,121
Cash and cash equivalents, beginning of period 69,938 64,684
Cash and cash equivalents, end of period 50,273 32,080
Supplemental Disclosures:    
Cash paid for interest 25,588 16,122
Cash paid for income taxes 3,027 3,081
Non-Cash Investing and Financing Activities:    
Mortgage notes payable assumed or used to acquire investments in real estate 0 31,933
Conversion of OP Units to common stock 9,277 0
Common stock issued through dividend reinvestment plan $ 0 $ 28,578