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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net (loss) income $ (99,576,000) $ 11,384,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 181,778,000 171,306,000
Straight-lining of rental revenue (1,305,000) (7,808,000)
Amortization of stock-based compensation expense 14,011,000 14,853,000
Amortization of deferred financing costs 4,630,000 4,614,000
Loss from unconsolidated joint ventures 63,138,000 15,326,000
Distributions of earnings from unconsolidated joint ventures 354,000 34,000
Realized and unrealized losses on real estate related fund investments 46,775,000  
Loss (income) from unconsolidated real estate related funds 867,000 (625,000)
Distributions of earnings from unconsolidated real estate related funds 84,000 624,000
Amortization of above and below-market leases, net (3,929,000) (589,000)
Other non-cash adjustments 526,000 1,084,000
Changes in operating assets and liabilities:    
Real estate related fund investments (9,631,000)  
Accounts and other receivables 9,526,000 (4,283,000)
Deferred charges (5,874,000) (12,286,000)
Other assets (19,734,000) (21,764,000)
Accounts payable and accrued expenses (9,738,000) 4,646,000
Other liabilities 3,695,000 (2,099,000)
Net cash provided by operating activities 175,597,000 174,417,000
Cash Flows from Investing Activities:    
Additions to real estate (67,373,000) (71,284,000)
Investments in and contributions of capital to unconsolidated joint ventures (40,715,000) (11,252,000)
Advances to a partner in One Steuart Lane (35,715,000)  
Repayment of advances by a partner in One Steuart Lane 38,935,000  
Contributions of capital to unconsolidated real estate related funds (2,077,000) (4,642,000)
Due from affiliates   (59,000,000)
Repayment of amounts due from affiliates   59,000,000
Distributions of capital from unconsolidated real estate related funds   1,506,000
Net cash used in investing activities (106,945,000) (85,672,000)
Cash Flows from Financing Activities:    
Repayment of notes and mortgages payable (273,000,000)  
Proceeds from notes and mortgages payable 232,050,000  
Contributions from noncontrolling interests in consolidated real estate related funds 54,812,000  
Distributions to noncontrolling interests in consolidated real estate related funds (7,802,000)  
Dividends paid to common stockholders (41,267,000) (49,793,000)
Distributions paid to common unitholders (3,058,000) (4,666,000)
Distributions to noncontrolling interests in consolidated joint ventures (7,053,000) (33,814,000)
Settlement of accounts payable in connection with repurchases of common shares (1,847,000)  
Debt issuance costs (576,000)  
Repurchases of common shares   (20,000,000)
Repurchase of shares related to stock compensation agreements and related tax withholdings (205,000) (284,000)
Net cash provided by financing activities (47,946,000) (108,557,000)
Net increase (decrease) in cash and cash equivalents and restricted cash 20,706,000 (19,812,000)
Cash and cash equivalents and restricted cash at beginning of period 449,817,000 529,666,000
Cash and cash equivalents and restricted cash at end of period 470,523,000 509,854,000
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 408,905,000 524,900,000
Restricted cash at beginning of period 40,912,000 4,766,000
Cash and cash equivalents and restricted cash at beginning of period 449,817,000 529,666,000
Cash and cash equivalents at end of period 399,631,000 469,398,000
Restricted cash at end of period 70,892,000 40,456,000
Cash and cash equivalents and restricted cash at end of period 470,523,000 509,854,000
Supplemental Disclosure of Cash Flow Information:    
Cash payments for interest 106,633,000 102,534,000
Cash payments for income taxes, net of refunds 723,000 2,177,000
Non-Cash Transactions:    
Common shares issued upon redemption of common units 11,670,000 108,484,000
Dividends and distributions declared but not yet paid 8,357,000 18,564,000
Change in value of interest rate swaps and interest rate caps (17,630,000) 34,450,000
Write-off of fully amortized and/or depreciated assets 22,274,000 8,736,000
Additions to real estate included in accounts payable and accrued expenses $ 10,165,000 42,052,000
Transfer of deposit to investment in unconsolidated joint ventures   6,230,000
Repurchases of common shares included in accounts payable and accrued expenses   $ 1,313,000