CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
OPERATING ACTIVITIES:
Net income	$ 65,674	$ 40,961
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	19,466	19,467
Stock-based compensation expense	3,539	3,312
Gain on sale of real estate, net	(44,043)	(500)
Loss on unconsolidated joint ventures	620
Income from unconsolidated joint ventures	(231)	(1,213)
Income distributions from unconsolidated joint ventures	231	1,402
Straight-line rental income	(1,473)	(2,513)
Change in straight-line rent receivable and lease incentives due to collectibility	17,742	1,926
Lease incentives funded	(13)	(283)
Amortization of lease incentives	209	181
Provision for doubtful accounts	1	167
Other non-cash items, net	512	505
Increase in interest receivable	(3,115)	(2,908)
(Decrease) increase in accrued interest payable	(396)	1,110
Net change in other assets and liabilities	(3,076)	58
Net cash provided by operating activities	55,647	61,672
INVESTING ACTIVITIES:
Investment in real estate properties	(13,581)	(16,112)
Investment in real estate developments	(10,348)	(13,012)
Investment in real estate capital improvements	(3,053)	(1,068)
Capitalized interest	(277)	(333)
Proceeds from sale of real estate, net	72,141	231
Investment in real estate mortgage loans receivable	(2,557)	(9,736)
Principal payments received on mortgage loans receivable	565	565
Investments in unconsolidated joint ventures	(58)	(293)
Proceeds from liquidation of investments in unconsolidated joint ventures	17,464	3,400
Advances and originations under notes receivable	(611)	(7,766)
Principal payments received on notes receivable	2,163	49
Net cash provided by (used in) investing activities	61,848	(44,075)
FINANCING ACTIVITIES:
Bank borrowings	24,000	36,900
Repayment of bank borrowings	(28,000)	(2,000)
Principal payments on senior unsecured notes		(4,167)
Stock repurchase plan	(18,012)
Distributions paid to stockholders	(45,526)	(45,583)
Contribution from non-controlling interests		46
Distributions paid to non-controlling interests	(243)	(177)
Financing costs paid	(35)	(35)
Withheld vested restricted stock and performance-based stock units to satisfy tax payments	(3,545)	(2,024)
Other	(8)	(6)
Net cash used in financing activities	(71,369)	(17,046)
Increase in cash, cash equivalents and restricted cash	46,126	551
Cash, cash equivalents and restricted cash, beginning of period	4,244	4,764
Cash, cash equivalents and restricted cash, end of period	50,370	5,315
Supplemental disclosure of cash flow information:
Interest paid	15,142	13,564
Non-cash investing and financing transactions:
Right of use asset		1,393
Lease liability		1,393
Reclassification of notes receivable to lease incentives	$ 300	$ 200