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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income $ 53,456 $ 60,243
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 121,764 105,148
Other amortization 2,113 3,056
Share-based compensation 8,090 7,496
Amortization of straight-line rent receivable (3,599) (4,867)
Amortization of straight-line rent liability 1,147 492
Gain on sales of real estate assets (30,879) (39,525)
Impairment of real estate assets   5,387
Equity from unconsolidated joint ventures (income) (15)  
Distributions from unconsolidated joint ventures 182  
Provision for bad debts, net 42 175
Changes in operating assets and liabilities:    
Other assets (6,891) (6,037)
Accounts payable and accrued liabilities 5,908 (3,301)
Other liabilities (638) 1,098
Net cash provided by operating activities 150,680 129,365
INVESTING ACTIVITIES    
Acquisitions of real estate (67,445) (72,934)
Development of real estate (21,059) (11,753)
Additional long-lived assets (59,802) (52,305)
Proceeds from sales of real estate 64,271 119,425
Proceeds from notes receivable repayments 8 15
Net cash used in investing activities (84,027) (17,552)
FINANCING ACTIVITIES    
Net borrowings (repayments) on unsecured credit facility 56,000 (107,000)
Repayments on notes and bonds payable (3,808) (4,654)
Dividends paid (112,694) (104,860)
Net proceeds from issuance of common stock 459 248,384
Common stock redemptions (2,673) (1,125)
Debt issuance and assumption costs (125) (84)
Net cash (used in) provided by financing activities (62,841) 30,661
Increase in cash and cash equivalents 3,812 142,474
Cash and cash equivalents at beginning of period 6,215 54,507
Cash and cash equivalents at end of period 10,027 196,981
Supplemental Cash Flow Information:    
Interest paid 30,463 42,136
Invoices accrued for construction, tenant improvements and other capitalized costs 5,680 6,842
Mortgage notes payable assumed upon acquisition (adjusted to fair value) 7,995 12,460
Capitalized interest $ 684 $ 681