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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities    
Net income $ 28,786 $ 48,242
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 90,919 79,351
Amortization of non-cash items within interest expense 4,147 3,069
Amortization of acquired above- and below-market leases, net (4,098) (2,719)
Amortization of acquired below-market ground leases 3,916 3,916
Straight-lining of rental revenue (8,607) (11,662)
Equity based compensation 11,745 9,211
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits (25,420) (4,278)
Tenant and other receivables (1,827) 6,601
Deferred leasing costs (10,892) (10,349)
Prepaid expenses and other assets 993 2,351
Accounts payable and accrued expenses (4,430) (2,691)
Deferred revenue and other liabilities 4,048 (11,355)
Net cash provided by operating activities 89,280 109,687
Cash Flows From Investing Activities    
Short-term investments 250,000 (400,000)
Development costs 0 (1)
Additions to building and improvements (130,648) (98,567)
Net cash provided by (used in) investing activities 119,352 (498,568)
Cash Flows From Financing Activities    
Proceeds from mortgage notes payable 0 160,000
Repayment of mortgage notes payable (1,877) (264,771)
Proceeds from unsecured senior notes 0 335,000
Proceeds from the sale of common stock 0 4,749
Deferred financing costs 0 (1,902)
Private perpetual preferred unit distributions (468) (468)
Dividends paid to common stockholders (37,191) (34,792)
Distributions paid to non-controlling interests in the operating partnership (26,531) (28,616)
Net cash provided by (used in) financing activities (66,067) 169,200
Net increase in cash and cash equivalents and restricted cash 142,565 (219,681)
Cash and cash equivalents and restricted cash—beginning of period 270,813 530,197
Cash and cash equivalents and restricted cash—end of period 413,378 310,516
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 204,981 464,344
Restricted cash at beginning of period 65,832 65,853
Cash and cash equivalents at end of period 375,335 251,797
Restricted cash at end of period 38,043 58,719
Supplemental disclosures of cash flow information:    
Cash paid for interest 38,363 35,956
Cash paid for income taxes 1,441 2,703
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 74,887 96,439
Write-off of fully depreciated assets 11,123 19,049
Derivative instruments at fair values included in prepaid expenses and other assets 0 6,018
Derivative instruments at fair values included in accounts payable and accrued expenses 22,895 0
Conversion of operating partnership units and Class B shares to Class A shares 8,858 $ 25,845
Right of use assets 29,452  
Ground lease liabilities $ 29,452