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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities    
Net income $ 8,288 $ 9,856
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,093 46,098
Amortization of non-cash items within interest expense 1,052 2,074
Amortization of acquired above- and below-market leases, net (908) (2,354)
Amortization of acquired below-market ground leases 1,958 1,958
Straight-lining of rental revenue (8,193) (5,404)
Equity based compensation 5,891 5,419
Loss on early extinguishment of debt 86 0
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits (17) (1,243)
Tenant and other receivables 2,874 7,385
Deferred leasing costs (4,118) (3,270)
Prepaid expenses and other assets 24,869 24,046
Accounts payable and accrued expenses (5,261) (5,192)
Deferred revenue and other liabilities (7,840) (1,471)
Net cash provided by operating activities 64,774 77,902
Cash Flows From Investing Activities    
Short-term investments 0 50,000
Development costs (811) 0
Additions to building and improvements (39,799) (61,163)
Net cash used in investing activities (40,610) (11,163)
Cash Flows From Financing Activities    
Repayment of mortgage notes payable (970) (934)
Proceeds from unsecured senior notes 175,000 0
Repayment of unsecured term loan (50,000) 0
Proceeds from unsecured term loan 175,000 0
Proceeds from unsecured revolving credit facility 550,000 0
Repurchases of common shares (62,666) 0
Deferred financing costs (3,610) 0
Private perpetual preferred unit distributions (1,050) (234)
Dividends paid to common stockholders (18,987) (18,520)
Distributions paid to non-controlling interests in the operating partnership (12,614) (13,188)
Net cash provided by (used in) financing activities 750,103 (32,876)
Net increase in cash and cash equivalents and restricted cash 774,267 33,863
Cash and cash equivalents and restricted cash—beginning of period 271,597 270,813
Cash and cash equivalents and restricted cash—end of period 1,045,864 304,676
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 233,946 204,981
Restricted cash at beginning of period 37,651 65,832
Cash and cash equivalents at end of period 1,008,983 242,910
Restricted cash at end of period 36,881 61,766
Cash and cash equivalents and restricted cash 1,045,864 304,676
Supplemental disclosures of cash flow information:    
Cash paid for interest 17,081 20,768
Cash paid for income taxes 898 1,075
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 78,107 82,399
Write-off of fully depreciated assets 13,932 6,126
Conversion of operating partnership units and Class B shares to Class A shares 7,562 3,282
Issuance of Series 2019 private perpetual preferred in exchange for common shares 789 0
Right of use assets 0 29,452
Ground lease liabilities $ 0 $ 29,452