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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net Income $ 181,222 $ 307,579 $ 265,156
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 145,940 150,616 157,665
Amortization of debt deferred costs and intangibles, net 2,650 3,641 (7,518)
Impairment loss 153 1,024 2,815
Equity in earnings of real estate joint ventures and partnerships, net (19,300) (22,317) (35,112)
Gain on sale and acquisition of real estate joint venture and partnership interests (879) (1,718) (33,670)
Gain on sale of property (59,621) (190,872) (119,965)
Distributions of income from real estate joint ventures and partnerships, net 1,216 4,058 3,498
Changes in accrued rent and accounts receivable, net (8,116) (3,494) (4,606)
Changes in unamortized lease costs and other assets, net (14,617) (16,299) (19,587)
Changes in accounts payable, accrued expenses and other liabilities, net 4,184 2,890 18,420
Other, net 11,584 5,661 6,896
Net cash provided by operating activities 244,416 240,769 233,992
Cash Flows from Investing Activities:      
Acquisition of real estate and land (221,779) (43,587) (105,765)
Development and capital improvements (83,702) (100,926) (76,992)
Proceeds from sale of property and real estate equity investments, net 101,866 351,224 282,705
Change in restricted deposits and mortgage escrows 76,574 (75,299) 39,505
Notes receivable from real estate joint ventures and partnerships and other receivables - Advances 0 0 (289)
Notes receivable from real estate joint ventures and partnerships and other receivables - Collections 0 10,336 19,411
Real estate joint ventures and partnerships - Investments (30,053) (5,223) (26,241)
Real estate joint ventures and partnerships - Distributions of capital 35,341 31,260 59,932
Purchase of investments 0 (3,000) (58,836)
Proceeds from investments 1,250 51,788 0
Other, net (473) 1,504 1,224
Net cash (used in) provided by investing activities (120,976) 218,077 134,654
Cash Flows from Financing Activities:      
Proceeds from issuance of debt 448,083 4,500 573,542
Principal payments of debt (240,505) (508,997) (449,629)
Changes in unsecured credit facilities (39,500) 189,000 (66,000)
Proceeds from issuance of common shares of beneficial interest, net 42,572 7,987 5,968
Redemption of preferred shares of beneficial interest (150,000) 0 (275,000)
Common and preferred dividends paid (174,628) (199,343) (165,900)
Debt issuance and extinguishment costs paid (9,878) (463) (6,716)
Distributions to noncontrolling interests (5,478) (21,055) (20,151)
Contributions from noncontrolling interests 1,318 980 106,613
Other, net 3,555 158 599
Net cash used in financing activities (124,461) (527,233) (296,674)
Net (decrease) increase in cash and cash equivalents (1,021) (68,387) 71,972
Cash and cash equivalents at January 1 23,189 [1] 91,576 19,604
Cash and cash equivalents at December 31 22,168 [1] 23,189 [1] 91,576
Interest paid during the period (net of amount capitalized of $3,252, $3,302 and $2,403, respectively) 79,580 91,277 106,918
Income taxes paid during the period $ 1,474 $ 1,705 $ 1,860
[1] Consolidated variable interest entities' assets held as collateral and debt included in the above balances (see Note 21):