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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities    
Net income $ 55,570 $ 77,472
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 135,179 121,826
Amortization of non-cash items within interest expense 5,400 5,142
Amortization of acquired above- and below-market leases, net (5,780) (4,387)
Amortization of acquired below-market ground leases 5,873 5,873
Straight-lining of rental revenue (13,781) (16,662)
Equity based compensation 15,392 14,064
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits (25,961) (4,566)
Tenant and other receivables 149 (3,176)
Deferred leasing costs (14,513) (18,578)
Prepaid expenses and other assets 19,883 20,308
Accounts payable and accrued expenses (2,970) (1,181)
Deferred revenue and other liabilities 23,932 (8,732)
Net cash provided by operating activities 198,373 187,403
Cash Flows From Investing Activities    
Short-term investments 400,000 (400,000)
Development costs (2) (1)
Additions to building and improvements (189,666) (169,622)
Net cash provided by (used in) investing activities 210,332 (569,623)
Cash Flows From Financing Activities    
Proceeds from mortgage notes payable 0 160,000
Repayment of mortgage notes payable (2,829) (265,688)
Proceeds from unsecured senior notes 0 335,000
Repayment of unsecured senior notes (250,000) 0
Proceeds from the sale of common stock 0 4,749
Deferred financing costs 0 (1,977)
Private perpetual preferred unit distributions (702) (702)
Dividends paid to common stockholders (56,098) (52,518)
Distributions paid to non-controlling interests in the operating partnership (39,570) (42,740)
Net cash (used in) provided by financing activities (349,199) 136,124
Net increase (decrease) in cash and cash equivalents and restricted cash 59,506 (246,096)
Cash and cash equivalents and restricted cash—beginning of period 270,813 530,197
Cash and cash equivalents and restricted cash—end of period 330,319 284,101
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 293,710 229,745
Restricted cash at end of period 36,609 54,356
Supplemental disclosures of cash flow information:    
Cash paid for interest 59,173 56,597
Cash paid for income taxes 1,589 3,690
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 77,142 92,506
Write-off of fully depreciated assets 26,516 32,059
Derivative instruments at fair values included in prepaid expenses and other assets 0 9,944
Derivative instruments at fair values included in accounts payable and accrued expenses 28,850 0
Conversion of operating partnership units and Class B shares to Class A shares 21,654 $ 31,660
Right of use assets 29,452  
Ground lease liabilities $ 29,452