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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net income $ 9,375 $ 46,908
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 86,588 79,703
Other amortization 1,547 1,344
Share-based compensation 5,011 5,415
Amortization of straight-line rent receivable (lessor) (1,063) (2,797)
Amortization of straight-line rent on operating leases (lessee) 776 766
Gain on sales of real estate assets (4,865) (29,590)
Impairment of real estate assets 5,610  
Loss from unconsolidated joint ventures 3 2
Distributions from unconsolidated joint ventures 277 99
Provision for bad debts, net   104
Changes in operating assets and liabilities:    
Other assets, including right-of-use-assets (2,015) (778)
Accounts payable and accrued liabilities (8,621) (4,227)
Other liabilities (1,943) 279
Net cash provided by operating activities 90,680 97,228
INVESTING ACTIVITIES    
Acquisitions of real estate (193,295) (62,977)
Development of real estate (13,006) (16,377)
Additional long-lived assets (30,892) (37,592)
Proceeds from sales of real estate assets 12,118 55,001
Proceeds from notes receivable repayments   8
Net cash used in investing activities (225,075) (61,937)
FINANCING ACTIVITIES    
Net borrowings on unsecured credit facility 58,000 46,000
Borrowings on term loan 50,000  
Repayments on notes and bonds payable (11,483) (2,556)
Dividends paid (76,386) (75,125)
Net proceeds from issuance of common stock 120,668 347
Common stock redemptions (2,442) (2,633)
Debt issuance and assumption costs (4,584) (125)
Payments made on finance leases (142)  
Net cash provided by (used in) financing activities 133,631 (34,092)
(Decrease) increase in cash and cash equivalents (764) 1,199
Cash and cash equivalents at beginning of period 8,381 6,215
Cash and cash equivalents at end of period 7,617 7,414
Supplemental Cash Flow Information:    
Interest paid 26,512 18,706
Invoices accrued for construction, tenant improvements and other capitalized costs 10,853 9,877
Mortgage notes payable assumed upon acquisition (adjusted to fair value) 0 7,995
Capitalized interest $ 651 $ 471