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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 238,604 $ 183,808 $ 44,565
Adjustments to reconcile net income to net cash provided by operating activities (including discontinued operations):      
Depreciation and amortization of buildings and improvements and leasing costs 201,482 202,108 199,558
Increase (decrease) in provision for bad debts 545 58 396
Depreciation of furniture, fixtures and equipment 2,812 2,370 1,929
Noncash amortization of share-based compensation awards (Note 13) 15,537 12,095 8,616
Noncash amortization of deferred financing costs and debt discounts and premiums 1,853 4,315 5,315
Noncash amortization of net below market rents (Note 5) (8,449) (8,328) (7,777)
Disposal Group Depreciable Operating Properties, Not Discontinued Operations, Gain (Loss) on Disposal (Note 4) (109,950) 0 0
Net gain on dispositions of discontinued operations (Note 19) 0 (121,922) (12,252)
Gain on sale of land (Note 4) 17,116 3,490 0
Noncash amortization of deferred revenue related to tenant-funded tenant improvements (Note 9) (13,338) (10,979) (10,713)
Straight-line rents (44,383) (31,782) (24,135)
Net change in other operating assets (8,085) 367 (4,615)
Net change in other operating liabilities 12,496 16,633 40,137
Insurance proceeds received for property damage and other, net 0 0 (448)
Net cash provided by operating activities 272,008 245,253 240,576
CASH FLOWS FROM INVESTING ACTIVITIES:      
Expenditures for acquisitions of operating properties, net of cash acquired (Note 3) 0 204,546 202,682
Expenditures for acquisitions of development and redevelopment properties (Note 3) (139,073) (147,182) (102,769)
Payments for Capital Improvements 99,557 132,080 129,873
Payments to Develop Real Estate Assets 407,969 417,784 320,141
Net proceeds received from dispositions of operating properties and land (Notes 4 and 19) 319,639 427,544 21,178
Issuance of Note Receivable (3,000) 0 0
Insurance proceeds received for property damage 0 0 448
(Increase) decrease in acquisition-related deposits 1,998 (1,983) (2,596)
(Increase) decrease in restricted cash (Note 4) 65,210 (25,405) 229,915
Net cash used in investing activities (262,752) (501,436) (506,520)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from issuance of common stock (Note 11) 387,398 102,229 349,951
Borrowings on unsecured line of credit 250,000 505,000 55,000
Repayments on unsecured line of credit (390,000) (410,000) (195,000)
Proceeds from the issuance of unsecured debt (Note 8) 397,776 395,528 299,901
Repayments of exchangeable senior notes (Note 8) 0 (172,500) 0
Principal payments on secured debt (Note 8) (159,766) (9,845) (93,688)
Borrowings on unsecured debt (Note 8) 0 39,000  
Repayments of unsecured debt (Note 8) 325,000 83,000  
Financing costs (4,814) (8,648) (4,384)
Repurchase of common stock and restricted stock units (7,081) (3,533) (2,520)
Proceeds from exercise of stock options 14,573 21,092 128
Contributions from noncontrolling interests in consolidated subsidiary (Note 2) 474 977  
Dividends and distributions paid to common stockholders and common unitholders (126,839) (118,463) (111,517)
Dividends and distributions paid to preferred stockholders and preferred unitholders (13,250) (13,250) (13,250)
Net cash provided by financing activities 23,471 244,587 284,621
Net increase (decrease) in cash and cash equivalents 32,727 (11,596) 18,677
Cash and cash equivalents, beginning of period 23,781 35,377 16,700
Cash and cash equivalents, end of period 56,508 23,781 35,377
SUPPLEMENTAL CASH FLOWS INFORMATION:      
Cash paid for interest, net of capitalized interest of $50,923, $44,385, and $32,742 as of December 31, 2015, 2014 and 2013, respectively 54,747 58,944 65,157
NONCASH INVESTING TRANSACTIONS:      
Accrual for expenditures for operating properties and development and redevelopment properties 109,715 77,091 73,482
Tenant improvements funded directly by tenants to third parties 13,837 42,906 7,633
Assumption of secured debt with property acquisition (Note 8) 0 0 95,496
Assumption of other assets and liabilities in connection with operating and development property acquisitions, net (Note 3) 6,254 14,917 1,811
Release of Holdback Funds to Third Party 9,279 0 0
Contribution of land, net of related liabilities, by noncontrolling interest to consolidated subsidiary 0 0 4,885
NONCASH FINANCING TRANSACTIONS:      
Accrual of dividends and distributions payable to common stockholders and common unitholders (Note 11) 33,336 31,243 29,378
Accrual of dividends and distributions payable to preferred stockholders and preferred unitholders (Note 11) 1,656 1,656 1,694
Exchange of common units of the Operating Partnership into shares of the Company’s common stock (Note 11) 1,223 28 450
Subsidiaries [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income 238,604 183,808 44,565
Adjustments to reconcile net income to net cash provided by operating activities (including discontinued operations):      
Depreciation and amortization of buildings and improvements and leasing costs 201,482 202,108 199,558
Increase (decrease) in provision for bad debts 545 58 396
Depreciation of furniture, fixtures and equipment 2,812 2,370 1,929
Noncash amortization of share-based compensation awards (Note 13) 15,537 12,095 8,616
Noncash amortization of deferred financing costs and debt discounts and premiums 1,853 4,315 5,315
Noncash amortization of net below market rents (Note 5) (8,449) (8,328) (7,777)
Disposal Group Depreciable Operating Properties, Not Discontinued Operations, Gain (Loss) on Disposal (Note 4) (109,950) 0 0
Net gain on dispositions of discontinued operations (Note 19) 0 (121,922) (12,252)
Gain on sale of land (Note 4) 17,116 3,490 0
Noncash amortization of deferred revenue related to tenant-funded tenant improvements (Note 9) (13,338) (10,979) (10,713)
Straight-line rents (44,383) (31,782) (24,135)
Net change in other operating assets (8,085) 367 (4,615)
Net change in other operating liabilities 12,496 16,633 40,137
Insurance proceeds received for property damage and other, net 0 0 (448)
Net cash provided by operating activities 272,008 245,253 240,576
CASH FLOWS FROM INVESTING ACTIVITIES:      
Expenditures for acquisitions of operating properties, net of cash acquired (Note 3) 0 204,546 202,682
Expenditures for acquisitions of development and redevelopment properties (Note 3) (139,073) (147,182) (102,769)
Payments for Capital Improvements 99,557 132,080 129,873
Payments to Develop Real Estate Assets 407,969 417,784 320,141
Net proceeds received from dispositions of operating properties and land (Notes 4 and 19) 319,639 427,544 21,178
Issuance of Note Receivable (3,000) 0 0
Insurance proceeds received for property damage 0 0 448
(Increase) decrease in acquisition-related deposits 1,998 (1,983) (2,596)
(Increase) decrease in restricted cash (Note 4) 65,210 (25,405) 229,915
Net cash used in investing activities (262,752) (501,436) (506,520)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings on unsecured line of credit 250,000 505,000 55,000
Repayments on unsecured line of credit (390,000) (410,000) (195,000)
Proceeds from the issuance of unsecured debt (Note 8) 397,776 395,528 299,901
Repayments of exchangeable senior notes (Note 8) 0 (172,500) 0
Principal payments on secured debt (Note 8) (159,766) (9,845) (93,688)
Borrowings on unsecured debt (Note 8) 0 39,000 0
Repayments of unsecured debt (Note 8) 325,000 83,000 0
Financing costs (4,814) (8,648) (4,384)
Repurchase of common stock and restricted stock units (7,081) (3,533) (2,520)
Proceeds from exercise of stock options 14,573 21,092 128
Contributions from noncontrolling interests in consolidated subsidiary (Note 2) 474 977 0
Dividends and distributions paid to common stockholders and common unitholders (126,839) (118,463) (111,517)
Dividends and distributions paid to preferred stockholders and preferred unitholders (13,250) (13,250) (13,250)
Net cash provided by financing activities 23,471 244,587 284,621
Net increase (decrease) in cash and cash equivalents 32,727 (11,596) 18,677
Cash and cash equivalents, beginning of period 23,781 35,377 16,700
Cash and cash equivalents, end of period 56,508 23,781 35,377
SUPPLEMENTAL CASH FLOWS INFORMATION:      
Cash paid for interest, net of capitalized interest of $50,923, $44,385, and $32,742 as of December 31, 2015, 2014 and 2013, respectively 54,747 58,944 65,157
NONCASH INVESTING TRANSACTIONS:      
Accrual for expenditures for operating properties and development and redevelopment properties 109,715 77,091 73,482
Tenant improvements funded directly by tenants to third parties 13,837 42,906 7,633
Assumption of secured debt with property acquisition (Note 8) 0 0 95,496
Assumption of other assets and liabilities in connection with operating and development property acquisitions, net (Note 3) 6,254 14,917 1,811
Release of Holdback Funds to Third Party 9,279 0 0
Contribution of land, net of related liabilities, by noncontrolling interest to consolidated subsidiary 0 0 4,885
NONCASH FINANCING TRANSACTIONS:      
Accrual of dividends and distributions payable to common stockholders and common unitholders (Note 11) 33,353 31,243 29,378
Accrual of dividends and distributions payable to preferred stockholders and preferred unitholders (Note 11) $ 1,656 $ 1,656 $ 1,694