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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net (loss) income $ (29,603) $ 18,993 $ 107,176
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 248,347 258,225 266,037
Straight-lining of rental revenue (43,679) (59,061) (54,453)
Real estate impairment loss 42,000 46,000  
Amortization of stock-based compensation expense 22,860 19,646 15,922
Amortization of deferred financing costs 19,323 11,023 11,188
Amortization of above and below-market leases, net (10,991) (16,059) (19,523)
Loss (income) from unconsolidated joint ventures 4,706 (3,468) (20,185)
Distributions of earnings from unconsolidated joint ventures 4,067 6,207 5,700
Realized and unrealized (gains) losses on marketable securities (3,027) 1,604 (4,664)
Repayment of accrued interest on preferred equity investment 2,339    
Distributions of earnings from unconsolidated real estate funds 1,553 330 342
Gain on sale of real estate (1,140) (36,845) (133,989)
Loss on early extinguishment of debt 731   7,877
Loss from unconsolidated real estate funds 343 269 6,143
Other non-cash adjustments (961) 288 (470)
Valuation allowance on preferred equity investment     19,588
Unrealized gain on interest rate swaps     (1,802)
Changes in operating assets and liabilities:      
Accounts and other receivables 845 (2,994) (1,000)
Deferred charges (23,029) (31,861) (33,295)
Other assets 57,318 (57,216) 10,243
Accounts payable and accrued expenses (8,949) 4,200 6,305
Other liabilities 2,388 (2,758) 2,971
Net cash provided by operating activities 285,441 156,523 190,111
Cash Flows from Investing Activities:      
Investment in and contributions of capital to unconsolidated joint ventures (368,852) (29,883) (28,791)
Due from affiliates (217,918)    
Repayment of amounts due from affiliates 181,000    
Proceeds from sale of real estate 150,307 349,013 540,333
Additions to real estate (103,916) (137,915) (86,434)
Redemption of preferred equity investment 33,750    
Sales of marketable securities 19,282 24,794 27,261
Purchases of marketable securities (15,232) (20,019) (29,248)
Contributions of capital to unconsolidated real estate funds (3,937) (3,779) (790)
Distributions of capital from unconsolidated real estate funds 2,076 79 14,584
Escrow deposits and loans receivable for Residential Development Fund   (15,680)  
Real estate acquisition deposits   (10,000)  
Acquisitions of real estate     (161,184)
Distributions of capital from unconsolidated joint ventures     20,000
Net cash (used in) provided by investing activities (323,440) 156,610 295,731
Cash Flows from Financing Activities:      
Proceeds from notes and mortgages payable 1,259,843 16,700 991,556
Repayments of notes and mortgages payable (1,050,000)   (1,044,821)
Borrowings under revolving credit facility 231,918   60,000
Repayment of borrowings under revolving credit facility (195,000)   (290,000)
Repurchases of common shares (97,137) (102,863)  
Dividends paid to common stockholders (93,038) (94,991) (89,276)
Distributions to noncontrolling interests (45,239) (18,184) (119,251)
Contributions from noncontrolling interests 14,989 45,116 100,777
Debt issuance costs and other (10,131) (6,564) (7,490)
Distributions paid to common unitholders (10,073) (10,064) (11,504)
Acquisition of noncontrolling interest in consolidated real estate fund (1,000)    
Loss on early extinguishment of debt (731)   (7,877)
Repurchase of shares related to stock compensation agreements and related tax withholdings (324)    
Repayment of loans to affiliates   (27,299)  
Transfer tax refund in connection with the acquisition of noncontrolling interests     9,555
Settlement of interest rate swap liabilities     (19,425)
Net cash provided by (used in) financing activities 4,077 (198,149) (427,756)
Net (decrease) increase in cash and cash equivalents and restricted cash (33,922) 114,984 58,086
Cash and cash equivalents and restricted cash at beginning of period 365,409 250,425 192,339
Cash and cash equivalents and restricted cash at end of period 331,487 365,409 250,425
Reconciliation of Cash and Cash Equivalents and Restricted Cash:      
Cash and cash equivalents at beginning of period 339,653 219,381 162,965
Restricted cash at beginning of period 25,756 31,044 29,374
Cash and cash equivalents and restricted cash at beginning of period 365,409 250,425 192,339
Cash and cash equivalents at end of period 306,215 339,653 219,381
Restricted cash at end of period 25,272 25,756 31,044
Cash and cash equivalents and restricted cash at end of period 331,487 365,409 250,425
Supplemental Disclosure of Cash Flows Information:      
Cash payments for interest 139,130 136,452 132,361
Cash payments for income taxes, net of refunds 2,474 4,049 5,048
Non-Cash Transactions:      
Change in value of interest rate swaps 28,069 (7,273) (10,618)
Dividends and distributions declared but not yet paid 25,255 25,902 25,211
Common shares issued upon redemption of commons units 24,030 3,461 172,728
Additions to real estate included in accounts payable and accrued expenses 21,566 19,872 10,413
Note payable issued in connection with the acquisition of noncontrolling interest in consolidated real estate fund 8,771    
Write-off of fully amortized and/or depreciated assets $ 8,727 4,158 9,684
Basis adjustment to investment in unconsolidated joint ventures upon adoption of ASU 2017-05   $ 7,086  
Consolidation of real estate and real estate fund investments     102,512
Assumption of notes and mortgages payable     $ 228,000