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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of Cash Flows [Abstract]      
Net income $ 39,185 $ 69,771 $ 23,092
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 177,859 164,201 142,472
Other amortization 3,013 3,000 3,879
Share-based compensation 12,275 10,691 10,028
Amortization of straight-line rent receivable (lessor) (3,000) (4,281) (6,072)
Amortization of straight-line rent on operating leases (lessee) 1,537 1,519 1,497
Gain on sales of real estate assets (25,101) (41,665) (39,524)
Loss on extinguishment of debt     44,985
Impairment of real estate assets 5,617   5,385
Loss (income) from unconsolidated joint ventures 19 (4) (7)
Distributions from unconsolidated joint ventures 381 182  
Provision for bad debts, net   60 159
Changes in operating assets and liabilities:      
Other assets, including right-of-use-assets (8,573) (3,998) (2,156)
Accounts payable and accrued liabilities 2,752 4,731 (7,307)
Other liabilities 7,174 4,148 3,335
Net cash provided by operating activities 213,138 208,355 179,766
INVESTING ACTIVITIES      
Acquisitions of real estate (380,274) (104,312) (274,668)
Development of real estate (25,985) (26,728) (14,911)
Additional long-lived assets (64,670) (70,807) (80,613)
Investment in unconsolidated joint ventures     (8,701)
Proceeds from sales of real estate assets 52,401 96,812 119,426
Proceeds from notes receivable repayments   8 19
Net cash used in investing activities (418,528) (105,027) (259,448)
FINANCING ACTIVITIES      
Net borrowings on unsecured credit facility 31,000 73,000 82,000
Borrowings on term loan 50,000   0
Borrowings of notes and bonds payable     297,459
Repayments of notes and bonds payable (13,857) (19,850) (5,829)
Redemption of notes and bonds payable     (442,774)
Dividends paid (155,358) (150,266) (142,327)
Net proceeds from issuance of common stock 295,946 611 248,554
Common stock redemptions (5,097) (4,532) (1,686)
Debt issuance and assumption costs (4,589) (125) (4,007)
Payments made on finance leases (379)   0
Net cash provided by (used in) financing activities 197,666 (101,162) 31,390
(Decrease) increase in cash and cash equivalents (7,724) 2,166 (48,292)
Cash and cash equivalents at beginning of period 8,381 6,215 54,507
Cash and cash equivalents at end of period 657 8,381 6,215
Supplemental Cash Flow Information      
Interest paid 53,978 45,752 64,395
Mortgage notes payable assumed upon acquisition (adjusted to fair value)   7,995 43,674
Invoices accrued for construction, tenant improvements and other capitalized costs 17,294 12,682 8,303
Capitalized interest $ 1,411 $ 951 $ 871