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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities    
Net income (loss) $ (11,330) $ 28,786
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98,876 90,919
Impairment charge 4,101 0
Amortization of non-cash items within interest expense 4,233 4,147
Amortization of acquired above- and below-market leases, net (2,274) (4,098)
Amortization of acquired below-market ground leases 3,916 3,916
Straight-lining of rental revenue (5,483) (8,607)
Equity based compensation 14,670 11,745
Settlement of derivative contract (20,281) 0
Loss on early extinguishment of debt 86 0
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits 20,570 (25,420)
Tenant and other receivables (4,378) (1,827)
Deferred leasing costs (7,508) (10,892)
Prepaid expenses and other assets (2,657) 993
Accounts payable and accrued expenses (9,099) (4,430)
Deferred revenue and other liabilities (9,019) 4,048
Net cash provided by operating activities 74,423 89,280
Cash Flows From Investing Activities    
Short-term investments 0 250,000
Development costs (1,336) 0
Additions to building and improvements (78,377) (130,648)
Net cash (used in) provided by investing activities (79,713) 119,352
Cash Flows From Financing Activities    
Repayment of mortgage notes payable (1,950) (1,877)
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
Deferred financing costs (3,585) 0
Repurchases of common shares (114,605) 0
Private perpetual preferred unit distributions (2,097) (468)
Dividends paid to common stockholders (37,181) (37,191)
Distributions paid to non-controlling interests in the operating partnership (25,041) (26,531)
Net cash provided by (used in) financing activities 665,541 (66,067)
Net increase in cash and cash equivalents and restricted cash 660,251 142,565
Cash and cash equivalents and restricted cash—beginning of period 271,597 270,813
Cash and cash equivalents and restricted cash—end of period 931,848 413,378
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 872,970 375,335
Restricted cash at end of period 58,878 38,043
Cash and cash equivalents and restricted cash 931,848 413,378
Supplemental disclosures of cash flow information:    
Cash paid for interest 37,736 38,363
Cash paid for income taxes 910 1,441
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 64,175 74,887
Write-off of fully depreciated assets 33,261 11,123
Derivative instruments at fair values included in accounts payable and accrued expenses 11,629 22,895
Conversion of operating partnership units and Class B shares to Class A shares 21,517 8,858
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