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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES          
Net (loss) income $ (38,289) $ 8,840 $ (33,422) $ 6,539  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation and amortization     101,627 92,807  
Net unrealized holding gains on investments     (57,031)    
Distributions of operating income from unconsolidated affiliates     2,829 8,654  
Equity in earnings and gains of unconsolidated affiliates 624 (1,299) 155 (7,129)  
Stock compensation expense     8,551 7,361  
Amortization of financing costs     4,040 5,769  
Impairment charges   321 51,549 1,721  
Gain on disposition of properties (24) (12,056) (509) (14,070)  
Credit loss and straight-line rent reserves     39,882    
Deferred gain on tax credits       (5,034)  
Other, net     (2,923) (7,804)  
Changes in assets and liabilities:          
Other liabilities     (7,736) (6,071)  
Prepaid expenses and other assets     (1,435) 10,271  
Rents receivable     (31,511) 870  
Accounts payable and accrued expenses     7,015 1,303  
Net cash provided by operating activities     81,081 95,187  
CASH FLOWS FROM INVESTING ACTIVITIES          
Acquisition of real estate     (21,208) (256,647)  
Development, construction and property improvement costs     (27,949) (77,636)  
(Issuance) redemption of notes receivable     (59,000) 15,250  
Proceeds from the disposition of properties, net     14,182 80,120  
Investments in and advances to unconsolidated affiliates and other     (3,662) (154,256)  
Return of capital from unconsolidated affiliates and other     9,054 38,359  
Return (payment) of deposits for properties under contract     187 1,060  
Payment of deferred leasing costs     (5,422) (5,874)  
Change in control of previously unconsolidated affiliate     950    
Net cash used in investing activities     (92,868) (359,624)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Principal payments on mortgage and other notes     (18,981) (166,865)  
Principal payments on unsecured debt     (123,750) (352,195)  
Proceeds received on mortgage and other notes     5,523 183,556  
Proceeds from unsecured debt     215,554 444,575  
Payments of finance lease obligations     (903) (2,125)  
(Repurchase) proceeds from the sale of Common Shares     (22,386) 135,750  
Capital contributions from noncontrolling interests     36,736 161,628  
Distributions to noncontrolling interests     (28,418) (39,917)  
Dividends paid to Common Shareholders     (50,182) (69,641)  
Deferred financing and other costs     (1,635) (4,170)  
Net cash provided by financing activities     11,558 290,596  
(Decrease) increase in cash and restricted cash     (229) 26,159  
Cash of $15,845 and $21,268 and restricted cash of $14,165 and $13,580, respectively, beginning of period     30,010 34,848 $ 34,848
Cash of $16,108 and $27,765 and restricted cash of $13,673 and $12,527, respectively, end of period $ 29,781 $ 61,007 29,781 61,007 $ 30,010
Supplemental disclosure of cash flow information          
Cash paid during the period for interest, net of capitalized interest of $6,270 and $8,430 respectively     40,470 53,586  
Cash paid for income taxes, net of refunds     282 730  
Supplemental disclosure of non-cash investing and financing activities          
Assumption of accounts payable and accrued expenses through acquisition of real estate     116 3,697  
Right-of-use assets, finance leases (terminated) obtained in exchange for finance lease liabilities     (70,427) 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     33,189 57,165  
Capital lease obligation exchanged for finance lease liability       71,111  
Other liabilities exchanged for operating lease liabilities       946  
Assumption of debt through investments in unconsolidated affiliates       4,688  
Debt exchanged for deferred gain on tax credits       (5,262)  
Other assets exchanged for deferred gain on tax credits       $ 228  
Right of use assets, operating leases obtained (terminated) in exchange for finance lease liabilities     (1,432)    
Change in control of previously unconsolidated (consolidated) investment          
Increase in real estate     (135,190)    
Decrease in investments in and advances to unconsolidated affiliates     96,816    
Change in other assets and liabilities     1,238    
Acquisition of noncontrolling interest asset     (588)    
Decrease in notes receivable     38,674    
Increase in cash and restricted cash upon change of control     $ 950