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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 21,204 $ (15,698) $ 64,308
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 125,443 117,549 104,934
Distributions of operating income from unconsolidated affiliates 11,273 15,556 15,556
Equity in earnings and gains of unconsolidated affiliates (8,922) (9,302) (23,371)
Stock compensation expense 10,957 12,948 11,155
Amortization of financing costs 7,577 6,008 5,985
Impairment charge 1,721   14,455
Gain on disposition of properties (30,324) (5,140) (48,886)
Gain on change in control     (5,571)
Deferred gain on tax credits (5,034)    
Other, net (11,627) (11,768) (10,621)
Changes in assets and liabilities:      
Other liabilities (4,466) 6,161 (4,285)
Prepaid expenses and other assets 8,198 (7,168) (6,498)
Rents receivable, net (455) (10,044) (11,274)
Accounts payable and accrued expenses 1,632 (3,026) 8,768
Net cash provided by operating activities 127,177 96,076 114,655
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of real estate (319,673) (147,985) (200,429)
Acquisition of leasehold interests (39,031)    
Development, construction and property improvement costs (89,270) (94,834) (108,142)
Issuance of or advances on notes receivable (3,608) (3,002) (10,600)
Proceeds from the disposition of properties, net 88,738 63,866 260,711
Investments in and advances to unconsolidated affiliates and other (151,281) (3,161) (6,535)
Return of capital from unconsolidated affiliates and other 105,999 26,338 43,684
Proceeds from notes receivable 15,250 26,000 32,000
Return of deposits for properties under contract 2,870 1,692 (2,000)
Payment of deferred leasing costs (7,051) (6,106) (5,202)
Change in control of previously unconsolidated affiliate   573 576
Net cash (used in) provided by investing activities (397,057) (136,619) 4,063
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on mortgage and other notes (168,211) (81,726) (306,119)
Principal payments on unsecured debt (521,600) (632,300) (277,134)
Proceeds received on mortgage and other notes 326,268 187,173 156,344
Proceeds from unsecured debt 526,400 648,800 359,625
Payments of finance lease obligations (2,749)    
Repurchase of Common Shares   (55,111)  
Proceeds from the sale of Common Shares, net 145,498    
Capital contributions from noncontrolling interests 161,628 47,560 85,206
Distributions to noncontrolling interests (101,370) (31,568) (39,942)
Dividends paid to Common Shareholders (93,902) (88,887) (99,527)
Deferred financing and other costs (6,920) (4,219) (6,211)
Net cash provided by (used in) financing activities 265,042 (10,278) (127,758)
Decrease in cash and restricted cash (4,838) (50,821) (9,040)
Cash of $21,268, $74,823 and $71,805 and restricted cash of $13,580, $10,846 and $22,904, respectively, beginning of year 34,848 85,669 94,709
Cash of $15,845, $21,268 and $74,823 and restricted cash of $14,165, $13,580 and $10,846, respectively, end of year 30,010 34,848 85,669
Supplemental disclosure of cash flow information      
Cash paid during the period for interest, net of capitalized interest of $12,586 and $5,625 and $13,509 respectively 53,586 61,832 49,942
Cash paid for income taxes, net of refunds 730 1,227 875
Supplemental disclosure of non-cash investing activities      
Assumption of accounts payable and accrued expenses through acquisition of real estate 4,666 2,597 2,173
Right-of-use assets, finance leases obtained in exchange for finance lease liabilities 16,349    
Right-of-use assets, finance leases obtained in exchange for assets under capital lease 76,965    
Right-of-use assets, operating leases obtained in exchange for operating lease liabilities 57,165    
Capital lease obligation exchanged for finance lease liability 71,111    
Note receivable exchanged for sale of real estate 13,530    
Other liabilities exchanged for operating lease liabilities 946    
Assumption of debt through investments in unconsolidated affiliates 4,688    
Acquisition of undivided interest in a property through conversion of notes receivable   22,201 60,695
Acquisition of real estate through conversion of note receivable     9,142
Change in control of previously unconsolidated (consolidated) investment      
(Increase) decrease in real estate 828 (31,836) (39,322)
Decrease (increase) in investments in and advances to unconsolidated affiliates (1,189) 35,881 4,159
Change in other assets and liabilities 12 (3,472) (1,842)
Decrease in right-of-use assets, finance leases 11,051    
Decrease in finance lease liability $ (10,702)    
Decrease in notes receivable     32,010
Gain on change in control     5,571
Increase in cash and restricted cash upon change of control   $ 573 $ 576