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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities: $ 77,369 $ 92,644
Cash flows from investing activities:    
Investment in real estate under construction (58,812) (62,650)
Capital expenditures (3,696) (7,910)
Net proceeds from sale of properties 15,493 27,338
Principal payments on loans receivable 0 1,462
Investments in non-consolidated entities (699) (485)
Distributions from non-consolidated entities in excess of accumulated earnings 2,155 5,536
Deferred leasing costs (2,759) (1,808)
Maturity of held-to-maturity securities 130,000 0
Change in real estate deposits, net 378 (364)
Net cash provided by (used) in investing activities 82,060 (38,881)
Cash flows from financing activities:    
Dividends to common and preferred shareholders (79,070) (76,112)
Principal amortization payments (2,663) (5,893)
Revolving credit facility borrowings 0 50,000
Revolving credit facility payments 0 (50,000)
Repurchase of senior notes (198,932) 0
Cash contributions from noncontrolling interests 665 296
Cash distributions to noncontrolling interests (228) (1,054)
Purchase of noncontrolling interests (27,873) 0
Issuance of common shares, net of costs and repurchases to settle tax obligations (1,889) (2,221)
Net cash used in financing activities (309,990) (84,984)
Change in cash, cash equivalents and restricted cash (150,561) (31,221)
Cash, cash equivalents and restricted cash, at beginning of period 199,463 54,506
Cash, cash equivalents and restricted cash, at end of period 48,902 23,285
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents at beginning of period 199,247 54,390
Restricted cash at beginning of period 216 116
Cash and cash equivalents at end of period 48,676 23,161
Restricted cash at end of period $ 226 $ 124