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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES    
Net income $ 9,180 $ 31,845
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39,573 34,452
Other amortization 584 1,351
Share-based compensation 2,822 2,614
Amortization of straight-line rent receivable (1,722) (1,751)
Amortization of straight-line rent liability 384 156
Gain on sales of real estate assets   (23,408)
Impairment of real estate assets   323
Equity in losses from unconsolidated joint ventures 10 0
Distributions from unconsolidated joint ventures 37  
Provision for bad debts, net   66
Changes in operating assets and liabilities:    
Other assets (4,193) (1,662)
Accounts payable and accrued liabilities (6,949) (14,633)
Other liabilities 1,094 19
Net cash provided by operating activities 40,820 29,372
INVESTING ACTIVITIES    
Acquisitions of real estate (1,756) (14,143)
Development of real estate (7,573) (2,804)
Additional long-lived assets (16,764) (18,997)
Proceeds from sales of real estate   79,747
Proceeds from notes receivable repayments 5 3
Net cash provided by (used in) investing activities (26,088) 43,806
FINANCING ACTIVITIES    
Net borrowings on unsecured credit facility 24,000 15,000
Repayments on notes and bonds payable (1,154) (1,032)
Dividends paid (37,556) (34,937)
Net proceeds from issuance of common stock 236 791
Common stock redemptions (2,633) (1,125)
Debt issuance and assumption costs (44)  
Net cash used in financing activities (17,151) (21,303)
Increase (decrease) in cash, cash equivalents and restricted cash (2,419) 51,875
Cash, cash equivalents and restricted cash at beginning of period 6,215 54,507
Cash, cash equivalents and restricted cash at beginning of period 3,796 106,382
Supplemental Cash Flow Information:    
Interest paid 3,899 14,536
Invoices accrued for construction, tenant improvements and other capitalized costs 8,592 11,394
Capitalized interest $ 186 $ 237