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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net (loss) income $ (19,196) $ (29,603) $ 18,993
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 235,890 248,347 258,225
Straight-lining of rental revenue (28,216) (43,679) (59,061)
Amortization of stock-based compensation expense 19,239 22,860 19,646
Loss (income) from unconsolidated joint ventures 18,619 4,706 (3,468)
Loss (gain) on sale of real estate related to discontinued operations 12,766 (1,140) (36,845)
Amortization of deferred financing costs 9,277 19,323 11,023
Amortization of above and below-market leases, net (4,734) (10,991) (16,059)
Distributions of earnings from unconsolidated joint ventures 3,999 4,067 6,207
Realized and unrealized (gains) losses on marketable securities (1,918) (3,027) 1,604
Distributions of earnings from unconsolidated real estate funds 616 1,553 330
(Income) loss from unconsolidated real estate funds (272) 343 269
Real estate impairment loss related to discontinued operations   42,000 46,000
Receipt of accrued interest on preferred equity investment   2,339  
Loss on early extinguishment of debt   731  
Other non-cash adjustments 413 (961) 288
Changes in operating assets and liabilities:      
Accounts and other receivables 1,729 845 (2,994)
Deferred charges (10,761) (23,029) (31,861)
Other assets (2,193) 57,318 (57,216)
Accounts payable and accrued expenses (1,299) (8,949) 4,200
Other liabilities 3,313 2,388 (2,758)
Net cash provided by operating activities 237,272 285,441 156,523
Cash Flows from Investing Activities:      
Additions to real estate (89,463) (103,916) (137,915)
Proceeds from the sale of real estate related to discontinued operations 89,206 150,307 349,013
Repayment of amounts due from affiliates 36,918 181,000  
Sales of marketable securities 22,188 19,282 24,794
Purchases of marketable securities (15,809) (15,232) (20,019)
Contributions of capital to unconsolidated real estate funds (2,945) (3,937) (3,779)
Investments in and contributions of capital to unconsolidated joint ventures (60) (368,852) (29,883)
Due from affiliates   (217,918)  
Redemption of preferred equity investment   33,750  
Distributions of capital from unconsolidated real estate funds   2,076 79
Escrow deposits and loans receivable for Residential Development Fund     (15,680)
Real estate acquisition deposits     (10,000)
Net cash provided by (used in) investing activities 40,035 (323,440) 156,610
Cash Flows from Financing Activities:      
Repayment of borrowings under revolving credit facility (200,000) (195,000)  
Borrowings under revolving credit facility 163,082 231,918  
Repurchases of common shares (120,000) (97,137) (102,863)
Proceeds from the sale of a 10.0% interest in 1633 Broadway 111,984    
Dividends paid to common stockholders (89,225) (93,038) (94,991)
Distributions paid to common unitholders (8,837) (10,073) (10,064)
Distributions to noncontrolling interests (12,717) (45,239) (18,184)
Contributions from noncontrolling interests 11,555 14,989 45,116
Proceeds from notes and mortgages payable 9,791 1,259,843 16,700
Repayment of note payable issued in connection with the acquisition of noncontrolling interest in consolidated real estate fund (8,771)    
Repurchase of shares related to stock compensation agreements and related tax withholdings (332) (324)  
Repayments of notes and mortgages payable   (1,050,000)  
Debt issuance costs and other   (10,131) (6,564)
Acquisition of noncontrolling interest in consolidated real estate fund   (1,000)  
Loss on early extinguishment of debt   (731)  
Repayment of loans to affiliates     (27,299)
Net cash (used in) provided by financing activities (143,470) 4,077 (198,149)
Net increase (decrease) in cash and cash equivalents and restricted cash 133,837 (33,922) 114,984
Cash and cash equivalents and restricted cash at beginning of period 331,487 365,409 250,425
Cash and cash equivalents and restricted cash at end of period 465,324 331,487 365,409
Reconciliation of Cash and Cash Equivalents and Restricted Cash:      
Cash and cash equivalents at beginning of period 306,215 339,653 219,381
Restricted cash at beginning of period 25,272 25,756 31,044
Cash and cash equivalents and restricted cash at beginning of period 331,487 365,409 250,425
Cash and cash equivalents at end of period 434,530 306,215 339,653
Restricted cash at end of period 30,794 25,272 25,756
Cash and cash equivalents and restricted cash at end of period 465,324 331,487 365,409
Supplemental Disclosure of Cash Flow Information:      
Cash payments for interest 135,607 139,130 136,452
Cash payments for income taxes, net of refunds 1,366 2,474 4,049
Non-Cash Transactions:      
Common shares issued upon redemption of common units 85,710 24,030 3,461
Dividends and distributions declared but not yet paid 16,796 25,255 25,902
Write-off of fully amortized and/or depreciated assets 9,141 8,727 4,158
Additions to real estate included in accounts payable and accrued expenses $ 8,640 21,566 19,872
Change in value of interest rate swaps   28,069 (7,273)
Note payable issued in connection with the acquisition of noncontrolling interest in consolidated real estate fund   $ 8,771  
Basis adjustment to investment in unconsolidated joint ventures upon adoption of ASU 2017-05     $ 7,086