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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 9,271 $ 10,239
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 46,710 46,479
Amortization of Deferred Financing Costs 1,607 1,687
Other Amortization 17,031 15,076
Impairment of Real Estate 0 1,605
Provision for Bad Debt 672 476
Equity in Income of Joint Ventures (3,522) (47)
Distributions from Joint Ventures 1,881 0
Gain on Sale of Real Estate (1,055) (10,669)
Loss from Retirement of Debt 623 5,586
Mark-to-Market Gain on Interest Rate Protection Agreements 0 (52)
(Increase) Decrease in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (977) 211
Increase in Deferred Rent Receivable (508) (2,416)
Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits (9,462) (18,374)
Payments of Premiums, Discounts and Prepayment Penalties Associated with Retirement of Debt (10,648) (4,147)
Net Cash Provided by Operating Activities 51,623 45,654
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (31,125) (47,293)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (50,042) (52,679)
Net Proceeds from Sales of Investments in Real Estate 4,417 50,375
Contributions to and Investments in Joint Ventures (13) (18)
Distributions from Joint Ventures 2,469 0
Repayments of Notes Receivable 26,946 295
(Increase) Decrease in Escrows (509) 859
Net Cash Used in Investing Activities (47,857) (48,461)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt and Equity Issuance and Redemption Costs (2,060) (311)
Proceeds from the Issuance of Common Stock, Net of Underwriter’s Discount 0 174,081
Repurchase and Retirement of Restricted Stock (2,060) (2,732)
Common Stock and Unit Distributions Paid (21,582) (9,540)
Preferred Dividends Paid (1,471) (6,114)
Redemption of Preferred Stock (75,000) (100,000)
Payments on Interest Rate Swap Agreement 0 (598)
Repayments on Mortgage Loans Payable (46,740) (33,175)
Repayments of Senior Unsecured Notes (71,578) (28,965)
Proceeds from Unsecured Term Loan 200,000 0
Proceeds from Unsecured Credit Facility 262,000 194,000
Repayments on Unsecured Credit Facility (248,000) (184,000)
Net Cash (Used in) Provided by Financing Activities (6,491) 2,646
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents (27) (43)
Net Decrease in Cash and Cash Equivalents (2,725) (161)
Cash and Cash Equivalents, Beginning of Year 7,577 4,938
Cash and Cash Equivalents, End of Year $ 4,825 $ 4,734