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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income $ 192,644 $ 245,085
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 177,269 159,656
Gain on sale of real estate, net (10,413) (69,949)
Loss from real estate partnerships 2,693 296
Other, net 3,251 (5,182)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Proceeds from new market tax credit transaction, net of deferred costs 12,353 0
Increase in accounts receivable, net (4,514) (1,565)
Increase in prepaid expenses and other assets (11,682) (4,627)
Increase in accounts payable and accrued expenses 2,896 12,619
Increase in security deposits and other liabilities 219 3,138
Net cash provided by operating activities 364,716 339,471
INVESTING ACTIVITIES    
Acquisition of real estate (3,624) (437,772)
Capital expenditures - development and redevelopment (217,437) (335,666)
Capital expenditures - other (50,744) (52,875)
Proceeds from sale of real estate and real estate partnership interests 142,711 127,538
Proceeds from partnership formation 37,998 0
Investment in real estate partnerships (616) (502)
Distribution from real estate partnership in excess of earnings 237 1,672
Leasing costs (19,938) (11,295)
Issuance of mortgage and other notes receivable, net (360) (500)
Net cash used in investing activities (111,773) (709,400)
FINANCING ACTIVITIES    
Net (repayment) borrowings under revolving credit facility, net of costs (14,500) 41,500
Issuance of senior notes, net of costs 0 399,454
Repayment of mortgages and capital leases (15,137) (54,844)
Issuance of common shares, net of costs 81,628 51,189
Issuance of preferred shares, net of costs 0 145,456
Dividends paid to common and preferred shareholders (224,311) (210,845)
Shares withheld for employee taxes (927) (4,216)
Contributions from noncontrolling interests 2,753 13,312
Distributions to and redemptions of noncontrolling interests (12,848) (12,882)
Net cash (used in) provided by financing activities (183,342) 368,124
Increase (decrease) in cash, cash equivalents and restricted cash 69,601 (1,805)
Cash, cash equivalents, and restricted cash at beginning of year 25,200 34,849
Cash, cash equivalents, and restricted cash at end of period $ 94,801 $ 33,044