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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 $ 74,242 $ 60,558
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 115,382 126,216
Amortization of deferred financing costs and debt premiums and discount 516 1,626
Amortization of acquired above- and below-market leases, net (6,285) (14,662)
Amortization of acquired below-market ground leases 5,873 5,873
Straight-lining of rental revenue (21,495) (15,165)
Equity based compensation 7,254 4,259
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Restricted cash 3,120 5,268
Tenant and other receivables (788) (8,661)
Deferred leasing costs (18,642) (26,533)
Prepaid expenses and other assets 16,775 14,745
Accounts payable and accrued expenses (6,671) (4,107)
Deferred revenue and other liabilities (7,213) 10,190
Net cash provided by operating activities 162,068 159,607
Cash Flows From Investing Activities    
Decrease (increase) in restricted cash for investing activities 558 (672)
Development costs (450) (493)
Additions to building and improvements (120,401) (103,835)
Net cash used in investing activities (120,293) (105,000)
Cash Flows From Financing Activities    
Proceeds from mortgage notes payable 50,000 0
Repayment of mortgage notes payable (29,220) (143,903)
Proceeds from unsecured revolving credit facility 50,000 615,000
Repayments of unsecured revolving credit facility (90,000) (595,000)
Repayments of term loan and credit facility 0 (470,000)
Proceeds from senior unsecured notes 0 350,000
Proceeds from unsecured term loan 0 265,000
Net proceeds from the sale of common stock 611,278 0
Deferred financing costs (2,905) (6,128)
Private perpetual preferred unit distributions (702) (702)
Dividends paid to common stockholders (39,491) (29,056)
Distributions paid to non-controlling interests in the operating partnership (43,123) (39,162)
Net cash provided by (used in) financing activities 505,837 (53,951)
Net increase in cash and cash equivalents 547,612 656
Cash and cash equivalents—beginning of period 46,685 45,732
Cash and cash equivalents—end of period 594,297 46,388
Supplemental disclosures of cash flow information:    
Cash paid for interest 53,286 49,305
Cash paid for income taxes 3,495 3,258
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 71,444 47,029
Derivative instruments at fair values included in accounts payable and accrued expenses 31,227 4,384
Conversion of operating partnership units and Class B shares to Class A shares $ 19,941 $ 53,120