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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities      
Net income $ 107,250 $ 79,928 $ 70,210
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 155,211 171,474 145,431
Amortization of deferred finance costs and debt premiums and discount 739 1,698 3,956
Amortization of acquired above and below-market leases, net (8,795) (19,353) (14,095)
Amortization of acquired below-market ground leases 7,831 7,996 4,603
Straight-lining of rental revenue (30,147) (21,220) (39,715)
Equity based compensation 9,729 5,483 3,720
Increase (decrease) in cash flows due to changes in operating assets and liabilities (excluding the effect of acquisitions):      
Restricted cash 2,121 2,954 (4,987)
Tenant and other receivables (3,760) 4,963 3,135
Deferred leasing costs (22,622) (31,367) (12,132)
Prepaid expenses and other assets (3,289) (1,956) (13,052)
Accounts payable and accrued expenses 3,491 (925) (14,756)
Deferred revenue and other liabilities 824 3,512 6,240
Net cash provided by operating activities 218,583 203,187 138,558
Cash Flows From Investing Activities      
Decrease (increase) in restricted cash for investing activities 538 (119) 9,345
Additions to building and improvements (181,923) (141,685) (121,287)
Development costs (453) (512) (527)
Acquisition of real estate property, net of cash received 0 0 (186,588)
Net cash used in investing activities (181,838) (142,316) (299,057)
Cash Flows From Financing Activities      
Proceeds from unsecured revolving credit facility 50,000 655,000 0
Repayments of unsecured revolving credit facility (90,000) (615,000) 0
Proceeds from mortgage notes payable 50,000 0 191,000
Repayment of mortgage notes payable (32,305) (146,918) (348,308)
Proceeds from senior unsecured notes 0 350,000 250,000
Proceeds from unsecured term loan 0 265,000 0
Proceeds from term loan and credit facility 0 0 435,600
Repayments of term loan and credit facility 0 (470,000) (290,600)
Deferred financing costs (3,006) (6,100) (4,483)
Net proceeds from the sale of common stock 611,206 0 0
Private perpetual preferred unit distributions (936) (936) (476)
Dividends paid to common stockholders (55,812) (39,183) (33,598)
Distributions paid to noncontrolling interests in the operating partnership (58,206) (51,781) (53,647)
Net cash provided by (used in) financing activities 470,941 (59,918) 145,488
Net increase (decrease) in cash and cash equivalents 507,686 953 (15,011)
Cash and cash equivalents—beginning of period 46,685 45,732 60,743
Cash and cash equivalents—end of period 554,371 46,685 45,732
Supplemental disclosures of cash flow information:      
Cash paid for interest 69,062 64,808 60,621
Cash paid for income taxes 6,238 4,465 3,690
Non-cash investing and financing activities:      
Building and improvements included in accounts payable and accrued expenses 66,620 51,315 36,920
Derivative instruments at fair values included in prepaid expenses and other assets 614 0 0
Derivative instruments at fair values included in accounts payable and accrued expenses 5,591 1,922 0
Conversion of operating partnership units and Class B shares to Class A shares 23,678 62,003 40,611
Issuance of Class A Common Stock, Class B Common Stock, and operating partnership units in connection with the acquisition of real estate properties 0 0 379,328
Debt assumed with the acquisition of real estate properties 0 0 182,851
Acquisition of working capital (deficit), net of cash 0 0 (4,749)
Redemption of operating partnership units to repay other receivable $ 0 $ 0 $ 829