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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net income (loss) $ 11,098 $ (48,605)
Depreciation 62,655 65,517
Amortization 4,066 5,876
Straight-line rent adjustments (1,331) (740)
Provision for doubtful accounts 1,260 2,050
Amortization of deferred compensation 2,931 3,227
Loss on Hedge Ineffectiveness 143 512
Gain on sale of non operating real estate (22,931) (43)
Equity in income of partnerships in excess of distributions (3,606) (2,212)
Impairment of assets and expensed project costs 14,964 35,145
Change in assets and liabilities:    
Net change in other assets 8,929 8,069
Net change in other liabilities 2,102 (5,870)
Net cash provided by operating activities 80,280 62,926
Cash flows from investing activities:    
Investments in consolidated real estate acquisitions 0 (319,986)
Additions to construction in progress (28,121) (14,037)
Investments in real estate improvements (15,322) (16,867)
Proceeds from Sale of Real Estate Held-for-investment 131,592  
Additions to leasehold improvements (288) (341)
Investments in partnerships (3,953) (16,194)
Capitalized leasing costs (3,016) (3,228)
Decrease (increase) in cash escrows 3,158 (185)
Cash distributions from partnerships in excess of equity in income 4,778 2,926
Net cash provided by (used in) investing activities 88,828 (367,912)
Cash flows from financing activities:    
Proceeds from Issuance of Long-term Debt   120,000
Proceeds from Lines of Credit 20,000 270,000
Proceeds from mortgage loans 139,000 102,044
Principal installments on mortgage loans (8,373) (10,059)
Repayments of mortgage loans (280,327) (139,137)
Payment of deferred financing costs (3,322) (2,873)
Dividends paid to common shareholders (29,170) (29,031)
Dividends paid to preferred shareholders (7,924) (7,924)
Distributions paid to Operating Partnership unit holders and noncontrolling interest (3,501) (2,198)
Value of shares of beneficial interest issued 621 706
Value of shares retired under equity incentive plans, net of shares issued (2,126) (5,655)
Net cash (used in) provided by financing activities (175,122) 295,873
Net change in cash and cash equivalents (6,014) (9,113)
Cash and cash equivalents, beginning of period 22,855 40,433
Cash and cash equivalents, end of period $ 16,841 $ 31,320