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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,487) $ (11,427)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 74,812 73,583
Amortization of deferred financing costs 1,258 584
Straight-lining of rental income (19,869) (15,994)
Amortization of above and below-market leases, net 3,619 (890)
Unrealized gain on interest rate swaps (6,860) (11,978)
Realized and unrealized losses (gains) on marketable securities 293 (672)
Realized and unrealized gains, net, on real estate fund investments   (873)
Income from unconsolidated joint ventures (1,496) (975)
Loss from unconsolidated real estate funds 326  
Distributions of income from unconsolidated real estate funds 79  
Distributions of income from unconsolidated joint ventures 1,576 353
Amortization of stock based compensation expense 3,627 3,035
Other non-cash adjustments 842 1,799
Changes in operating assets and liabilities:    
Real estate fund investments   (22)
Accounts and other receivables (1,362) (5,171)
Deferred charges (3,617) (5,545)
Other assets (26,038) (19,657)
Accounts payable and accrued expenses 62,019 (8,928)
Deferred income taxes (714) 322
Other liabilities 1,023 1,792
Net cash provided by (used in) operating activities 82,031 (664)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of, and additions to, rental properties (33,193) (21,636)
Changes in restricted cash (600) 1,309
Distributions of capital from unconsolidated joint ventures 8 1
Net cash used in investing activities (33,785) (20,326)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 40,000  
Repayment of revolving credit facility (20,000)  
Contributions from noncontrolling interests   2,430
Dividends paid to common shareholders and unitholders (25,068) (35,325)
Distributions to noncontrolling interests   (3,488)
Repayment of notes and mortgages payable (354) (337)
Net cash used in financing activities (5,422) (36,720)
Net increase (decrease) in cash and cash equivalents 42,824 (57,710)
Cash and cash equivalents at beginning of period 143,884 438,599
Decrease in cash due to deconsolidation of real estate fund investments (7,987)  
Cash and cash equivalents at end of period 178,721 380,889
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 34,083 37,186
Cash payments for income taxes, net of refunds 417 32
(Decrease) increase due to deconsolidation of real estate fund investments:    
Real estate fund investments (416,438)  
Loans payable to noncontrolling interests (45,662)  
Investments in unconsolidated real estate funds 27,292  
Noncontrolling interests in consolidated real estate funds (351,035)  
Dividends and distributions declared but not yet paid 25,147  
Change in value of interest rate swaps 29,867  
Common shares issued upon redemption of common units 14,427  
Additions to real estate included in accounts payable and accrued expenses 11,064 2,904
Purchases of marketable securities using restricted cash 170 555
Write-off of fully amortized and/or depreciated assets $ 2,795 $ 66