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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net income $ 11,975 $ 53,456
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 131,725 121,764
Other amortization 2,279 2,113
Share-based compensation 10,141 8,090
Amortization of straight-line rent receivable (lessor) (1,833) (3,599)
Amortization of straight-line rent on operating leases (lessee) 1,159 1,147
Gain on sales of real estate assets (5,065) (30,879)
Impairment of real estate assets 5,610  
Loss (income) from unconsolidated joint ventures 16 (15)
Distributions from unconsolidated joint ventures 277 182
Provision for bad debts, net   42
Changes in operating assets and liabilities:    
Other assets, including right-of-use-assets (6,740) (6,891)
Accounts payable and accrued liabilities 3,220 5,908
Other liabilities 5,709 (638)
Net cash provided by operating activities 158,473 150,680
INVESTING ACTIVITIES    
Acquisitions of real estate (271,575) (67,445)
Development of real estate (19,152) (21,059)
Additional long-lived assets (45,902) (59,802)
Proceeds from sales of real estate assets 14,151 64,271
Proceeds from notes receivable repayments   8
Net cash used in investing activities (322,478) (84,027)
FINANCING ACTIVITIES    
Net borrowings on unsecured credit facility 60,000 56,000
Borrowings on term loan 50,000  
Repayments on notes and bonds payable (12,663) (3,808)
Dividends paid (115,237) (112,694)
Net proceeds from issuance of common stock 192,514 459
Common stock redemptions (2,343) (2,673)
Debt issuance and assumption costs (4,589) (125)
Payments made on finance leases (249)  
Net cash provided by (used in) financing activities 167,433 (62,841)
Increase in cash and cash equivalents 3,428 3,812
Cash and cash equivalents at beginning of period 8,381 6,215
Cash and cash equivalents at end of period 11,809 10,027
Supplemental Cash Flow Information:    
Interest paid 37,946 30,463
Invoices accrued for construction, tenant improvements and other capitalized costs 10,702 5,680
Mortgage notes payable assumed upon acquisition (adjusted to fair value)   7,995
Capitalized interest $ 999 $ 684