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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net income $ 46,908 $ 57,070
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 79,703 69,274
Other amortization 1,344 2,230
Share-based compensation 5,415 5,067
Amortization of straight-line rent receivable (2,797) (3,534)
Amortization of straight-line rent liability 766 316
Gain on sales of real estate assets (29,590) (39,532)
Impairment of real estate assets   328
Equity in losses from unconsolidated joint ventures 2  
Distributions from unconsolidated joint ventures 99  
Provision for bad debts, net 104 171
Changes in operating assets and liabilities:    
Other assets (778) 536
Accounts payable and accrued liabilities (4,227) (10,236)
Other liabilities 279 2,281
Net cash provided by operating activities 97,228 83,971
INVESTING ACTIVITIES    
Acquisitions of real estate (62,977) (53,536)
Development of real estate (16,377) (10,098)
Additional long-lived assets (37,592) (36,329)
Proceeds from sales of real estate 55,001 117,010
Proceeds from notes receivable repayments 8 10
Net cash provided by (used in) investing activities (61,937) 17,057
FINANCING ACTIVITIES    
Net borrowings (repayments) on unsecured credit facility 46,000 (72,000)
Repayments on notes and bonds payable (2,556) (2,249)
Dividends paid (75,125) (69,898)
Net proceeds from issuance of common stock 347 1,005
Common stock redemptions (2,633) (1,125)
Debt issuance and assumption costs (125) (84)
Net cash used in financing activities (34,092) (144,351)
Increase (decrease) in cash, cash equivalents and restricted cash 1,199 (43,323)
Cash, cash equivalents and restricted cash at beginning of period 6,215 54,507
Cash, cash equivalents and restricted cash at beginning of period 7,414 11,184
Supplemental Cash Flow Information:    
Interest paid 18,706 27,570
Invoices accrued for construction, tenant improvements and other capitalized costs 9,877 6,355
Mortgage notes payable assumed upon acquisition (adjusted to fair value) 7,995 12,460
Capitalized interest $ 471 $ 484