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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (4,160) $ 19,971  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 28,576 24,536  
Distributions of operating income from unconsolidated affiliates 4,724 1,299  
Equity in earnings and gains of unconsolidated affiliates (1,684) (12,703)  
Stock compensation expense 3,809 4,235  
Amortization of financing costs 1,375 1,169  
Other, net (1,889) (2,908)  
Changes in assets and liabilities:      
Other liabilities 1,461 1,076  
Prepaid expenses and other assets (2,240) (5,736)  
Rents receivable, net (2,359) (6,723)  
Accounts payable and accrued expenses (4,674) 273  
Net cash provided by operating activities 22,939 24,489  
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of real estate (46,171) (34,688)  
Development and property improvement costs (18,136) (27,015)  
Issuance of or advances on notes receivable (2,951) (150)  
Investments in and advances to unconsolidated affiliates (1,847) (3,174)  
Return of capital from unconsolidated affiliates and other 16,210 2,677  
Proceeds from notes receivable 26,000 0  
Return of deposits for properties under contract 1,750 0  
Proceeds from disposition of properties of unconsolidated affiliates 0 25,080  
Payment of deferred leasing costs (1,134) (2,033)  
Net cash used in investing activities (26,279) (39,303)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on mortgage and other notes (45,246) (5,236)  
Principal payments on unsecured debt (420,500) (94,100)  
Proceeds received on mortgage and other notes 47,273 93,044  
Proceeds from unsecured debt 447,800 20,000  
Payments for repurchase of Common Shares (31,961) 0  
Capital contributions from noncontrolling interests 0 20,264  
Distributions to noncontrolling interests (2,411) (6,163)  
Dividends paid to Common Shareholders (22,601) (34,275)  
Deferred financing and other costs (2,822) (1,701)  
Net cash used in financing activities (30,468) (8,167)  
Decrease in cash and restricted cash (33,808) (22,981)  
Cash of $74,823 and $71,805, respectively and restricted cash of $10,846 and $22,904 respectively, beginning of period 85,669 94,709 $ 94,709
Cash of $39,344 and $47,707, respectively and restricted cash of $12,517 and $24,021 respectively, end of period 51,861 71,728 $ 85,669
Supplemental disclosure of cash flow information      
Cash paid during the period for interest, net of capitalized interest of $1,492 and $5,009, respectively 11,910 9,629  
Cash paid for income taxes, net of (refunds) 673 220  
Supplemental disclosure of non-cash investing activities      
Assumption of accounts payable and accrued expenses through acquisition of real estate 425 662  
Acquisition of undivided interest in a property through conversion of notes receivable $ 22,201 $ 0